Market Cap: $2.7457T 1.490%
Volume(24h): $74.4994B 25.450%
  • Market Cap: $2.7457T 1.490%
  • Volume(24h): $74.4994B 25.450%
  • Fear & Greed Index:
  • Market Cap: $2.7457T 1.490%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83613.281522 USD

-0.31%

ethereum
ethereum

$1907.196020 USD

-0.12%

tether
tether

$0.999991 USD

-0.02%

xrp
xrp

$2.346667 USD

-0.01%

bnb
bnb

$638.706352 USD

6.12%

solana
solana

$128.851013 USD

-3.46%

usd-coin
usd-coin

$1.000040 USD

0.01%

dogecoin
dogecoin

$0.173959 USD

1.06%

cardano
cardano

$0.724425 USD

-0.57%

tron
tron

$0.214243 USD

-1.65%

pi
pi

$1.351541 USD

-9.35%

unus-sed-leo
unus-sed-leo

$9.827847 USD

0.06%

chainlink
chainlink

$13.795794 USD

-1.22%

toncoin
toncoin

$3.420442 USD

0.21%

stellar
stellar

$0.273472 USD

1.29%

Cryptocurrency News Articles

This Year Will See an XRP Exchange Traded Fund (ETF) – Polymarket and JPMorgan Agree

Jan 18, 2025 at 03:59 am

This Year Will See an XRP Exchange Traded Fund (ETF) – Polymarket and JPMorgan Agree

Major corporations and average investors alike seem to be in agreement on one thing – we will see an XRP Exchange Traded Fund (ETF) this year. On Polymarket, odds of an XRP ETF in 2025 currently sit at 71%, and even JPMorgan is warming up to the idea.

But what exactly is an ETF, and why does it matter in the world of crypto? Let’s take a closer look.

What Is an ETF?

An ETF, or Exchange Traded Fund, is a financial product that tracks the performance of a specific cryptocurrency (or a basket of cryptocurrencies), allowing investors to gain exposure to the market without directly owning the digital assets. These products are offered on traditional stock exchanges.

Since ETFs provide a regulated, simple way for institutions to gain exposure, they’re often seen as the best way to bring “big money” into the crypto industry, especially when compared to Grayscale’s trusts.

Currently, both Bitcoin and Ether have associated ETFs, with the iShares Bitcoin Trust (IBIT), launched in January last year, being particularly successful. This ETF amassed more than $52 billion in assets under management (AUM).

Grayscale’s Ethereum Trust ETF (ETHE), on the other hand, manages roughly $4.6 billion in assets. Both of these ETFs began trading on the New York Stock Exchange Arca.

Expanding the List of ETFs

The success of these ETFs has not only lured institutional investors, but also motivated asset managers to seek the introduction of ETFs for smaller tokens, such as Solana, and even Ripple’s XRP.

On Polymarket, a decentralized prediction platform where users trade on real-world event outcomes, the odds of an XRP ETF this year are at 71%, suggesting that the majority of the industry expects it this year. Aside from a few outlier moments, odds have mostly hovered between 69% and 72%.

At the same time, banking giant JPMorgan recently said that ETFs for Solana and XRP could attract up to $14 billion in new funds. For XRP specifically, an ETF could draw in between $4 billion and $8 billion.

Other high-profile individuals in the banking industry seem to be echoing this idea as well, as Matthew Sigel, head of digital assets research at VanEck, shared JPMorgan’s comments on X, suggesting a positive outcome.

Paving the Way for More Crypto ETFs

The state of Wisconsin is also playing a role in paving the way for more crypto ETFs, with the State of Wisconsin Investment Board having already included the Bitcoin ETF in its portfolio. Now, the pension fund is reportedly considering adding Solana and XRP ETFs once they become available.

The Michigan Department of Treasury also recently included the Bitcoin ETF in its portfolio, further legitimizing the product in the eyes of pension funds and other institutional investors.

With the incoming U.S. administration having a pro-crypto stance, we could see regulations being shaped in a way that makes it easier for new cryptocurrency ETFs to get approved.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 18, 2025