- SEC delays spot XRP ETF decision, keeping investors waiting.
- XXRP futures ETF drops from $35.95 to $32.44, reflecting lower XRP price at $2.17.
- Spot XRP ETF could bring $1-8 billion, possibly pushing XRP price to $30.
The countdown to a spot XRP ETF in the U.S. still continues as the SEC postpones its decision, and investors wait with bated breath.
During this time, Teucrium’s April 2025 XXRP futures ETF is waning interest, making one wonder how a spot ETF would impact the XRP price.
XRP Price and ETF Frenzy
The XRP value is currently at $2.17, declining 1.5% in recent times. The XXRP ETF, twice the daily XRP price fluctuation, touched $35.95 but slid to $32.44, handling $67 million in assets.
This decline comes after the XRP value dipped and a change in interest to the spot ETF.
Polymarket indicates an 79% probability of spot ETF approval in 2025, which is lower than April’s 87%, yet interest is high.
When XXRP debuted, the XRP price surged 10%, but futures ETFs such as XXRP aren’t grabbing investor interest like Bitcoin’s spot ETFs, which accumulated $39 billion.
Spot ETF Opportunities
A place XRP ETF would pull in $1 billion to $2 billion, JP Morgan estimates as much as $8 billion. That would increase the price of XRP to $30, experts predict, based on strong demand from everyday and big investors.
Ethereum ETFs lagged behind Bitcoin’s performance, causing over doubt whether XRP will experience the anticipated price increase. The SEC’s inaction, waiting for new Chair Paul Atkins, contributed to the uncertainty. XRP’s price is presently driven largely by ETF related announcements and futures market sentiment.
Also Read: Crypto Market Today: BTC, ETH, XRP Stall as CORE, WAL, FLR See Gains
