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The long-awaited approval of a U.S. spot XRP exchange-traded fund (ETF) could soon become reality, according to growing industry speculation. This comes on the heels of an amended filing from ProShares for an XRP ETF based on futures contracts and swap arrangements, which targets an April 30th debut.
If greenlit, it would mark the second the coin futures ETF in the U.S., joining Teucrium. Market observers believe this could lay the groundwork for a spot XRP ETF approval. Nate Geraci, President of ETF Store, emphasized this momentum, stating, “2x leveraged XRP ETF is currently live & trading… I simply don’t see this SEC not approving spot XRP ETF. And sooner, rather than later.”
2x leveraged XRP ETF is *currently* live & trading…
— Nate Geraci (@NateGeraci) April 16, 2025
I simply don’t see this SEC not approving spot XRP ETF.
And sooner, rather than later.
Historically, both Bitcoin and Ethereum spot ETFs received approval only after their respective futures ETFs were established—a pattern that could now benefit the coin.
Crypto analytics firm Kaiko further supports XRP’s chances. In a recent report, the firm noted XRP’s superior market liquidity and the volume of interest from issuers, with 10 applicants for a spot XRP ETF versus just five for Solana (SOL). Kaiko suggests this could push the coin ahead in the altcoin ETF race, especially if the new SEC leadership continues to prioritize liquidity.
Prediction market Polymarket also echoed optimism, assigning a 75% probability of spot XRP ETF approval by 2025.
However, investor behavior tells a more cautious tale. Whale activity has declined since February, as shown by a consistently negative Whale vs. Retail Delta. Historically, positive whale inflows have preceded price rallies, as seen last November and early January. Without renewed interest from large holders, XRP’s price may struggle to gain upward traction.
Technically, XRP is caught between support at its trendline, the 200-day moving average (DMA), and the 50-day exponential moving average (EMA). This suggests short-term price action may range between $2.00 and $2.20. But with demand weakening, a dip below $2 remains possible.
As anticipation builds, all eyes are on the SEC. A spot XRP ETF could reshape XRP’s market narrative—if approved in time.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: XRP ETF Hits Wall Street: Teucrium’s XXRP Now Trading on NYSE Arca — What Investors Need to Know
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
