Finst

XRP ETF: the most successful ETF of all time

So far there isn't an XRP ETF yet. But the Ripple index fund could end up being the most successful crypto ETF ever.

By Mike Hesp
• 1 min read
XRP ETF: the most successful ETF of all time

So far there isn't an XRP ETF yet. But the Ripple index fund could end up being the most successful crypto ETF ever.

In the XRP podcast with Paul Barron, the founders of the Web3 app Easy App, Dom and Phil Kwok, are especially bullish on XRP.

They even believe the XRP ETF will be the most successful crypto index fund ever. “Yeah, I’d absolutely agree with that,” Dom Kwok replies when asked if the ETF can break all the records.

The founder of the Easy App, valued at four billion USD, backs his optimism with the massive interest in XRP: “If you look at the Ripple holder base – it’s huge. The trading volume is among the highest in the entire crypto market,” Kwok says.

So far there are only Bitcoin and Ethereum ETFs. Ripple is seen as the hottest candidate for speedy approval. Recently, the decision on several XRP ETF applications was pushed back again.

The demand seems huge: “There are already XRP ETFs based on futures worth more than $800 million. I think demand for Ripple spot ETFs is underestimated,” Nate Geraci of NovaDius Wealth Management writes, optimistically.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.