XRP Ledger’s Dual Utility Could Make It a Breakout ETF Play, Experts Argue

Experts argue that the XRP Ledger’s capabilities for both payment processing and asset storage could give XRP a competitive edge in the developing crypto ETF market. Bitnomial CEO Luke Hoersten highlighted that XRP supports a two-prong strategy—facilitating both wealth storage and transaction capabilities through a unified ledger. This unique structure may position XRP favorably among institutional investors seeking practical applications for crypto. Recent developments include Bitwise and Canary Capital filing ‘no-delay’ amendments to expedite the launch of spot XRP ETFs, potentially as soon as mid-November. Analysts believe XRP's established user base and real-world utility make it a promising candidate for substantial growth in the ETF sector. Furthermore, the panel discussion at a Ripple conference emphasized the potential for XRP to outperform other cryptocurrencies in future ETF performance. Despite these optimistic projections, experts cautioned that an ETF launch does not automatically ensure a corresponding surge in XRP’s price. The potential regulatory shifts could favor XRP as crypto transitions further into regulated financial territory.

Source 🔗