<p>The U.S. Securities and Exchange Commission's (SEC) legal battle with Ripple has been a rollercoaster ride, filled with unexpected twists and turns. However, amid all the drama, a surprising trend has emerged: institutional investors are doubling down on <a href="https://coinpedia.org/news/xrp-etf-approval-is-inevitable-ripple-ceo-weighs-in/" target="_blank" rel="noreferrer noopener">XRP</a>. Recent developments suggest that big players in the financial world are not deterred by the SEC's actions, but rather, see an opportunity in the potential of XRP.</p>   
<p>As Ripple CEO Brad Garlinghouse hinted on X, this itself is a win for the company. </p>   
<p>Read on to discover the latest updates on XRP ETFs and the crypto market impact. </p>   
<h2 class="wp-block-heading" id="h-21shares-xrp-etf-proposal">21Shares' XRP ETF Proposal </h2>   
<p>Leading the charge, <a href="https://coinpedia.org/news/21shares-files-s-1-with-sec-for-xrp-etf-joining-bitwise-and-canary-capital-in-race-for-ripple-investment-product/" target="_blank" rel="noreferrer noopener">21Shares has applied</a> to launch an ETF called the "21Shares Core XRP Trust." If approved, this fund would be listed on the Cboe BZX exchange, with Coinbase Custody Trust Company acting as the custodian for its XRP assets. This proposal shows 21Shares’ confidence in XRP-focused investment products, even amid regulatory uncertainty.</p>   
<p><strong>New Contenders Enter the Picture</strong></p>   
<p>21Shares isn’t the only one in the race. Canary Capital and Bitwise are also planning XRP-based ETFs, a sign that XRP’s appeal is growing among institutional investors. Their involvement underscores broader industry support for XRP, despite the legal challenges Ripple faces.</p>   
<h2 class="wp-block-heading" id="h-institutional-interest-builds-despite-regulatory-hurdles">Institutional Interest Builds Despite Regulatory Hurdles</h2>   
<p>In his post, Garlinghouse emphasized that more institutional players are looking to invest in XRP, undeterred by Ripple’s ongoing dispute with the SEC. Interestingly, three out of four recent XRP filings were submitted after the SEC appealed a federal court ruling favoring Ripple’s argument that <a href="https://coinpedia.org/news/ripple-sec-legal-battle-update-whats-next-in-the-fight-for-xrp/" target="_blank" rel="noreferrer noopener">XRP isn’t a security.</a></p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/bgarlinghouse/status/1852485019589132645 
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<h2 class="wp-block-heading" id="h-grayscale-s-bold-plans-revealed">Grayscale's Bold Plans Revealed?!</h2>   
<p>Adding further momentum, <a href="https://coinpedia.org/news/xrp-etf-around-the-corner-as-sec-acknowledged-grayscales-etf-change/" target="_blank" rel="noreferrer noopener">Grayscale Investments</a> is reportedly preparing to convert its multi-asset fund, which includes XRP, into a dedicated XRP spot ETF. This move would mark a major entry into the XRP ETF market by Grayscale, likely drawing even more institutional attention to XRP.</p>   
<p>Garlinghouse sees this trend as a win against regulatory opposition, suggesting that the SEC’s actions could ultimately hurt its reputation in the crypto industry.</p>   
<h2 class="wp-block-heading" id="h-what-s-next-for-xrp-etfs">What’s Next for XRP ETFs?</h2>   
<p>The growing number of XRP ETF filings shows increasing institutional confidence in XRP, even amid legal hurdles. These developments could mark a new chapter for XRP in the financial market, as institutional interest remains strong despite regulatory pushback.</p>   
<p><strong>Do you think the SEC's legal battle with Ripple will impact the approval of XRP ETFs? Let us know your take.</strong></p>

XRP ETF News: Institutional Demand Surges Despite Ripple vs SEC Lawsuit

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