
The US Securities and Exchange Commission (SEC) has always been reluctant to apply for ETFs, and Bitwise's request to create an ETF around XRP is no exception. While demand could remain on hold for several months, investors are asking questions. But the main obstacle is not only administrative: legal challenges with Ripple complicate the situation and raise concerns.

SEC and Ripple: a battle that slows down ETF ambitions
One of the main obstacles to the approval of the XRP ETF, a project accelerated by Bitwise, lies in the legal disputes with Ripple. Since the SEC launched his objections against Ripplethe course of XRP is in freefall from $0.66 to $0.53a drop of almost 20%. The future of XRP therefore seems to hang on the decisions of the SEC, which is hesitant to give the green light to this ETF.


According to Kaiko analysts“ the probability of Grayscale transforming its trust into an XRP ETF is very low “.
A blow to XRP enthusiasts who were hoping for a rapid market recovery.
The current XRP numbers speak for themselves:
- Initial Ripple price: $0.66;
- Current price: $0.53;
- Total drop: almost 20%.
Crypto and futures: a divided market
There question of the futures market is also debated among analysts. Some believe that Lack of XRP Futures Poses Major Obstacle to ETF Approvalwhile others think that it is not an essential criterion.


Crypto-friendly SEC member Hester Peirce even said thata spot-based ETF could be viable without futures. According to her, a product similar to those created for Bitcoin or Ethereum could see the light of day. However, current market conditions remain a drag on XRP, and uncertainty reigns over its future in this arena.
The crypto world is therefore impatiently awaiting a decision, but the road still seems long for Bitwise and Grayscale.
However, skeptical voices have already been raised. Some analysts believe that the XRP and Cardano nr ETFs are not ready to see the light of day, despite the ambient enthusiasm.
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