XRPLedger Sees Surge In Wallet Adoption Amidst Talks Of XRP ETF

XRPLedger, the underlying technology behind the cryptocurrency XRP, has witnessed a significant milestone with over 5.02 million distinct wallets holding more than 0 XRP coins. 

This marks the highest number of wallets in the 10+ years of XRPLedger’s public trading history. The growth in wallet adoption reflects the expanding network and growing interest in XRP.

In the past three years, the number of XRP wallets holding more than 0 coins has more than doubled, showing a remarkable 104% increase. This surge highlights the increasing popularity and utilization of XRP as a digital asset.

Talks Around A Possible XRP ETF Approval In The Future

Discussions surrounding the potential approval of an XRP Exchange-Traded Fund (ETF) are underway. Crypto journalist Eleanor Terrett emphasizes that the establishment of a futures ETF is a necessary precursor to a spot ETF for XRP. 

Similar to the SEC’s determination regarding the adequacy of the CME bitcoin futures market for surveillance against fraud and manipulation, a futures ETF for XRP would pave the way for regulatory approval of a spot ETF.

Terrett views the introduction of a futures exchange-traded fund (ETF) for XRP as a positive step towards securing approval for a spot ETF in the future. This regulatory development could enhance accessibility to XRP as an investment asset and contribute to its broader adoption within the financial markets.

As discussions progress and regulatory frameworks evolve, stakeholders closely monitor developments surrounding XRP ETF approvals. The potential approval of an XRP ETF could further validate the cryptocurrency’s status as a mainstream investment option and shape its trajectory in the financial landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.