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

Bitnomial CEO Luke Hoersten has highlighted XRP's dual support for payments and asset storage as a significant advantage for its potential future as an Exchange-Traded Fund (ETF) asset. During a panel at Ripple’s Swell conference in New York, he noted that XRP and RLUSD operate on a single ledger, offering both storage and payment functionalities. This structural advantage comes at a time when Bitwise and Canary Capital are poised to launch spot XRP ETFs as early as mid-November, following the completion of 'no-delay' amendments. Analysts suggest that XRP’s established investor base and real-world utility may enable it to outperform previous crypto ETFs. Despite potential market frenzy, experts cautioned that merely launching an ETF does not assure a price surge for XRP. However, the integration of new tools like in-kind creation and narrowed spreads could strengthen XRP’s position as the cryptocurrency sector transitions towards regulated finances.

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