The potential launch of a spot XRP ETF has sparked renewed optimism across the cryptocurrency market, with industry experts analyzing its possible implications on XRP’s price trajectory. Jake Claver, Managing Director at Digital Ascension Group (DAG) and a vocal XRP advocate, recently shared insights on how such a development could mirror the transformative effect seen with Bitcoin ETFs.
Claver anticipates that XRP spot ETFs could become a reality in 2025, aligning with broader market expectations. While the U.S. Securities and Exchange Commission (SEC) has delayed decisions on applications from major financial firms—including Grayscale, Franklin Templeton, and WisdomTree—the final ruling deadlines are expected to fall in Q4 2025, around October. Should approvals come through, Claver believes XRP is poised for significant price appreciation.
XRP’s Potential Path: A Bitcoin ETF Blueprint
The success story of Bitcoin spot ETFs offers a compelling precedent. When the first Bitcoin ETFs launched in January 2024, BTC was trading near $45,000. Initial market reaction followed a classic "sell-the-news" pattern, with prices dipping briefly post-approval. However, this was quickly followed by a sustained rally.
Bitcoin surged past $73,000 ahead of its April 2024 halving—an unprecedented move, as it marked the first time BTC reached a new all-time high before the supply-reducing event. By year-end, Bitcoin surpassed $100,000, fueled in large part by institutional demand channeled through ETFs. Notably, BlackRock's iShares Bitcoin Trust alone accumulated vast amounts of BTC, becoming one of the largest ETFs within months.
Claver argues that XRP could follow a similar trajectory. In late 2024, XRP experienced a major breakout, climbing sharply after years of consolidation. This surge coincided with growing momentum around ETF filings from asset managers such as Bitwise and Canary Capital, later joined by Grayscale and WisdomTree.
Although the excitement cooled and XRP dipped below $2 several times, it has since stabilized around the $2.20 mark. The underlying sentiment remains bullish: many analysts believe an official SEC approval announcement would reignite strong buying pressure and catalyze a new leg of growth.
Current Status of XRP ETF Filings
Recent regulatory developments suggest progress is being made. On May 27, 2025, the SEC formally initiated review proceedings for the WisdomTree XRP Trust, signaling active evaluation of the proposal. The agency opened a public comment period to assess whether the fund complies with federal securities laws.
Investors and stakeholders have 21 days from publication in the Federal Register to submit comments, with an additional 35 days allowed for rebuttals. This procedural step indicates the SEC is treating the application seriously, though no timeline for final approval has been confirmed.
Notably absent from the current wave of applicants are crypto market titans BlackRock and Fidelity—key players whose involvement helped legitimize Bitcoin ETFs. Their entry into the XRP space could dramatically accelerate adoption and inflows. Market watchers widely expect these institutions to file applications if early ETFs demonstrate strong performance and regulatory clarity.
Projected Price Impact of an XRP ETF
Speculation about XRP’s price potential post-ETF approval has intensified, driven by inflow modeling and market cap multipliers.
One widely discussed scenario suggests that if XRP ETFs capture just 15% to 30% of Bitcoin ETF inflows, the impact could be substantial. Since January 2024, Bitcoin ETFs have attracted approximately $40 billion** in net inflows. At 15% of that figure—$6 billion—and applying a conservative 100x inflow-to-valuation multiplier, XRP’s market cap could increase by $600 billion**.
With XRP’s current market cap hovering around $125 billion**, this would push total valuation to **$715 billion, translating to a per-token price of $12—a roughly 450% increase from today’s levels.
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Analyst Zach Rector presents an even more aggressive forecast. Drawing from JPMorgan’s estimate that XRP ETFs could attract $4–$8 billion in first-year inflows, Rector applies a 200x market cap multiplier to the lower end of that range ($4 billion). This results in an **$800 billion valuation boost, bringing XRP’s total market cap to $925 billion** and implying a price target of **$15 per token**.
While these projections rely on assumptions—such as investor appetite, regulatory stability, and multiplier accuracy—they highlight the transformative potential of institutional-grade investment vehicles.
Frequently Asked Questions (FAQ)
Q: What is a spot ETF, and why does it matter for XRP?
A: A spot ETF holds actual XRP tokens rather than derivatives or futures contracts. This direct ownership increases transparency and trust, making it more attractive to institutional investors who prioritize custody and compliance.
Q: Has the SEC approved any XRP ETF yet?
A: As of mid-2025, no XRP spot ETF has been approved. The SEC is currently reviewing filings from WisdomTree and others but has not issued final rulings.
Q: Could BlackRock or Fidelity file for an XRP ETF?
A: Neither has filed yet, but their participation is widely anticipated. Their involvement in Bitcoin ETFs proved pivotal, and similar moves in the XRP space could significantly boost credibility and capital inflows.
Q: Is the $15 XRP price prediction realistic?
A: While speculative, models based on inflow multipliers and institutional trends suggest it's possible under favorable conditions—such as strong initial demand, regulatory clarity, and macroeconomic support.
Q: How might an XRP ETF affect liquidity and volatility?
A: ETFs typically improve market liquidity by enabling easier access through traditional brokerage accounts. Over time, this can reduce volatility and support more stable price appreciation.
Q: What risks remain for XRP ETF approval?
A: Regulatory uncertainty persists due to the ongoing classification debate over whether XRP is a security. Past legal actions involving Ripple also contribute to cautious sentiment within the SEC.
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Final Outlook
While definitive approval remains pending, the momentum behind XRP ETFs continues to build. With major asset managers in play, growing public interest, and historical parallels to Bitcoin’s ETF-driven rally, the stage appears set for a pivotal moment in XRP’s evolution.
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As regulatory timelines tighten and institutional interest grows, investors are advised to stay informed, evaluate risk factors, and consider long-term fundamentals over short-term speculation. The arrival of an XRP spot ETF may not just lift prices—it could redefine XRP’s role in the global financial ecosystem.