XRG Leads Race in Crypto ETFs

XRP, the native cryptocurrency of the XRP Ledger, has been on a wild ride in recent months following the resignation of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler

The U.S. Securities and Exchange Commission (SEC) has been a key focus for cryptocurrency enthusiasts, particularly following the institution of President Donald Trump’s new economic policies, which have had a significant impact on global financial markets.

Earlier this year, the SEC reached an agreement with Ripple to close its case, paving the way for the issuance of exchange-traded funds (ETFs) linked to cryptocurrencies other than Bitcoin (BTC) and Ethereum (ETH).

Since then, several companies have filed applications with the SEC for the approval of various crypto ETFs, and among the digital coins that are in the running, XRP appears to be leading the way.

$XRP ETF Filings

Asset management firm Bitwise was the first to kickstart the process of applying for an XRP ETF early last October.

At the time, Bitwise’s filing became a top trend on social media platform X, given how it was the first known move a company has ever made toward issuing what could be the world’s first XRP ETF.

Canary Capital followed suit about a week later, submitting its S-1 application with the SEC and sparking more conversations about the growing interest in the XRP token among investment firms.

A month later, 21Shares entered the race, and by December, WisdomTree was also in the running. ProShares filed for multiple XRP ETF products in mid-January, amplifying the growing interest in the offering.

CoinShares also filed for an XRP ETF in January, alongside Grayscale, which is one of the most prominent names in the crypto ETF space.

Volatility Shares, known for launching some of the most innovative ETFs, filed for three new products focused on the XRP coin earlier last month.

Finally, prominent asset manager Franklin Templeton joined the race, filing in mid-March with the SEC.

Crypto ETFs have become a major discussion across the crypto space since Bitcoin and Ethereum ETFs were approved, and among the key points in the discussion is whether companies will be interested in filing to issue altcoin ETFs.

Now, the latest data shows that nine companies have filed for an XRP ETF so far, while there have been at least five filings for a Solana (SOL) ETF, according to The Crypto Basic.

There are three filings for Litecoin (LTC) and Dogecoin (DOGE), and there are two filings each for Avalanche (AVAX), Hedera (HBAR), and Polkadot (DOT).

In addition to these digital coins, stablecoin giant Tether (USDT) also has two ETF filings,

Eight companies have filed to issue an ether ETF, and there are seven filings for a Bitcoin ETF. Despite the U.S. financial regulator already approving a spot Bitcoin ETF, no company has yet filed to issue an ETH futures ETF.

After U.S. President Donald Trump won the 2024 elections, there have been a host of companies seeking approval from the SEC to issue an XRP ETF, and some of them are prominent names in the investment industry.

Since Trump’s landslide victory over Kamala Harris in November, there have been multiple filings for various crypto ETFs. However, the latest data shows that XRP is in the lead among other digital coins.