The optimism generated by the approval of Bitcoin ETFs has raised questions about a potential XRP ETF.
Eleanor Terett of Fox Business points out that for an XRP spot ETF to be considered, a futures-based ETF would need to be established first, similar to how Bitcoin ETFs were approved.
This step would help ensure measures against fraud and market manipulation.
Despite Ripple's active role in promoting cryptocurrency ETFs and growing network adoption indicated by wallet activity, regulatory challenges, especially due to Ripple's legal issues with the SEC, pose significant hurdles.