XRP is regaining momentum amid mounting speculation that BlackRock could soon file for a spot XRP ETF, a move that analysts say could open the floodgates for institutional capital and send prices soaring past the $3 mark.
Although no official filing has been made, industry insiders suggest that applications for both XRP and Solana ETFs may be imminent. This speculation follows Ripple’s latest progress in its legal fight with the SEC, which appears to be nearing its end. Market watchers see a resolution as the final hurdle before XRP can become ETF-ready.
Fueling the hype, a ‘Crypto Blue Chip ETF’ backed by Trump’s Truth Social platform is reportedly in the works, with XRP listed as a core holding. The DTCC has also added the ProShares Ultra XRP ETF (UXRP) to its product list, further signaling preparations underway behind the scenes.
Beyond rumors, actual inflows are telling a bullish story. The Teucrium 2X Long Daily XRP ETF (XXRP), launched in April, has attracted steady weekly investment and is now approaching $160 million in assets—despite a steep 1.89% expense ratio.
Adding to the bullish tone, JPMorgan analysts estimate that spot XRP ETFs, if approved, could pull in up to $8 billion in their first year. Such inflows could mark a turning point for XRP’s price trajectory as demand spills over from larger, more established crypto assets.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/xrp-surges-toward-3-as-blackrock-etf-rumors-intensify/