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XRP-Spot ETF Market: A Key Driver for Outlook
Despite limited progress on the legal front, regulatory momentum continues. Clear rules of the road would pave the way for an XRP-spot ETF market, another key step in XRP’s evolution toward commodity status.
Currently, 18 XRP ETF applications await SEC review. BlackRock (BLK) remains a notable absentee. However, according to AP Abacus, filings may be imminent. Andrew, an analyst at the firm, cited sources discussing potential BlackRock SOL and XRP filings, stating:
“Crypto floodgates have opened, 2025 filings expected. We may not be the first, but we will give clients choices. If nothing else, both will be included in crypto asset class products. Crypto assets are an unprecedented growth opportunity.”
A BlackRock ETF will likely be crucial to the success of an XRP-spot ETF market. Since launching its BTC-spot ETF on January 11, 2024, iShares Bitcoin Trust (IBIT) has attracted total net inflows of $39,910 million. Without BlackRock’s participation, net outflows could have reached $3,741 million.
XRP Price Outlook: Legal and ETF Catalysts
On Friday, April 4, XRP rallied 3.21%, adding to Thursday’s 1.96% gain, closing at $2.1288. The token outperformed the broader market, which rose 0.85%, taking the total crypto market cap to $2.65 trillion.
Near-term drivers for XRP include:
- SEC vs. Ripple Court Filings: An appeal withdrawal, resolution of Ripple’s cross-appeal, or injunction vacation could send XRP toward its record high of $3.5505.
- XRP-Spot ETF Prospects: A green light could boost institutional demand. Delays, however, may restrain upside potential.
- Macroeconomic risks: Tariff updates, the US CPI report, and Fed forward guidance. A worsening trade outlook or rising recession fears could push XRP toward $1.7938. Conversely, easing concerns could trigger a rebound toward $3.00.
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