- A recent poll shows 66.1% support an XRP ETF by 2025, while 33.9% oppose the idea.
- Supporters believe an XRP ETF could attract institutional investors, increasing market presence and value of XRP.
The prospect of an XRP exchange-traded fund (ETF) in the United States by 2025 is currently a topic of discussion within the XRP community. This debate follows the recent approval of spot Ethereum ETFs by the Securities and Exchange Commission (SEC), prompting speculation about other cryptocurrencies that might receive similar treatment.
A poll on X showed that 66.1% of respondents believe an XRP ETF will be established by 2025, while 33.9% do not see this development occurring.
Those in favor argue that an ETF would likely attract institutional investors to XRP, potentially increasing its market presence and value.
Will there be an XRP ETF in 2025 ?
— Vet 🏴☠️ (@Vet_X0) May 24, 2024
They suggest that an ETF could provide stability and enhance the credibility of XRP, promoting wider adoption in financial systems.
Conversely, some community members, including Bill Morgan, a prominent advocate of XRP, oppose the idea of an XRP ETF. They argue that XRP’s value derives from its function as a medium for transactions and payments, not from speculative investment.
According to this viewpoint, the growth of XRP should stem from its practical utility and widespread adoption in real-world applications, rather than from investment mechanisms like ETFs.
Why would XRP holders want that?
— bill morgan (@Belisarius2020) May 25, 2024
The ongoing debate reflects broader discussions within the cryptocurrency community about the integration of digital currencies into the traditional financial system.
While some support the idea of using traditional financial instruments like ETFs to bring cryptocurrencies into mainstream finance, others believe cryptocurrencies should remain independent of conventional financial structures, focusing instead on their decentralized, transactional capabilities.
As discussions continue, it is unclear whether there will be enough support and regulatory approval for an XRP ETF to materialize by 2025. The outcome will depend on regulatory decisions as well as shifts in how cryptocurrencies are perceived within the financial world.
Whether an XRF ETF would be beneficial for XRP is still a subject of debate within the community, underscoring differing opinions on the future direction of digital currencies.
