How Many ETFs Does XRP Have? Explained Simply

Understanding XRP and its Relation to ETFs

XRP is a well-known cryptocurrency developed by Ripple Labs, renowned for its speed and low transaction costs. When investors ask, “how many ETFs does XRP have?” they're exploring whether there are any exchange-traded funds (ETFs) that directly include XRP as part of their holdings. In this article, we’ll break down the basics of crypto ETFs, current progress around XRP-based ETFs, regulatory updates, and provide trusted data to help you better understand XRP’s unique position in the ETF market.

What is an ETF and How Does it Work With Crypto?

Exchange-Traded Funds (ETFs) are investment funds that track the price of an asset or a group of assets, such as stocks, bonds, or cryptocurrencies. They are traded on traditional stock exchanges, offering investors exposure to those assets without needing to own them directly.

Key Points About Crypto ETFs:

• Liquidity: ETFs are bought and sold like stocks, making entry and exit easy.
• Diversification: Some crypto ETFs hold a basket of cryptocurrencies, minimizing risk.
• Accessibility: ETFs lower the barrier to entry for traditional investors wanting crypto exposure.

For larger cryptocurrencies, such as Bitcoin or Ethereum, spot or futures ETFs have become increasingly common. However, XRP’s situation is unique.

Has XRP Been Included in Any ETFs Yet?

Despite high interest in 'how many ETFs does XRP have,' as of June 2024, there are zero spot or futures ETFs solely dedicated to XRP launched in the United States or other major financial markets, according to data from ETF.com and Nasdaq.

Why is this the case?

• Regulatory Uncertainty: XRP’s ongoing legal proceedings with the U.S. Securities and Exchange Commission (SEC) have delayed ETF issuers from seeking approval.
• Past Delistings: Some investment products have removed XRP from their indices or trusts following legal action by the SEC.

Are There Any Investment Products for XRP?

While there are no standalone spot XRP ETFs,

• Grayscale XRP Trust: Temporarily offered institutional exposure to XRP but was suspended in 2020.
• Multi-asset Crypto ETPs (Exchange Traded Products): Some Europe-based ETPs (by 21Shares, CoinShares) have included XRP as part of a basket, but they are not "pure" XRP ETFs.

Table: XRP in Listed Investment Products (as of June 2024)

| Product Type | Provider | Region | Status | |---------------|----------------|--------|------------------| | Spot ETF | N/A | U.S. | Not available | | XRP Trust | Grayscale | U.S. | Suspended | | Multi-Asset ETP| 21Shares, CoinShares | EU | Active (partially) |

(For the latest, refer to providers’ official sites and ETF research databases.)

Regulatory Updates and the Future of XRP ETFs

XRP’s legal situation plays a major role in ETF development. In July 2023, a U.S. court ruled that XRP is not a security in secondary sales, which sparked hope for regulatory clarity. However, the SEC case has not fully concluded, so ETF issuers remain cautious.

• Trends: After Bitcoin spot ETFs began trading in 2024, market watchers from Bloomberg and The Block noted surging curiosity about similar products for other top cryptos, including XRP.
• Market Demand: Institutions and retail investors continue to lobby for broader crypto ETF access, especially with bullish momentum in the cryptocurrency market.
• Expert Insights: According to Glassnode, the total assets under management in crypto ETPs surged 70% in early 2024, indicating strong potential once regulations clear for XRP.

What to Expect:

• U.S. regulatory clarity could bring proposals for spot or futures XRP ETFs in the next few years.
• Europe or Asia may see XRP-only exchange-traded products sooner, given more flexible regulations.

Frequently Asked Questions About XRP ETFs

Can I Buy XRP via an ETF Right Now?

Currently, you cannot buy a pure XRP ETF on major exchanges. You can directly purchase XRP on trusted platforms like Bitget Exchange, or choose a crypto ETP basket that includes XRP.

Why Have Bitcoin and Ethereum ETFs Launched Before XRP ETFs?

Bitcoin and Ethereum have achieved clearer regulatory classification in the U.S., which has allowed ETF issuers to launch spot and futures products with SEC approval. XRP’s regulatory journey is still ongoing.

Are There XRP ETFs in Asia or Europe?

There are no single-asset XRP spot ETFs listed yet. However, some crypto ETP baskets in Europe include XRP, offering limited exposure.

Is Investing in an ETF Safer than Buying XRP Directly?

ETFs offer regulated, traditional custody and reduce risks related to self-storage and private key management. For direct crypto exposure, always use a trusted Web3 wallet like Bitget Wallet for security.

How to Stay Informed on XRP ETF Developments?

• Monitor updates on financial news (Bloomberg, Reuters)
• Follow ETF databases (ETF.com, Morningstar)
• Check updates from Ripple and trusted exchanges like Bitget

What the Absence of XRP ETFs Means for Investors

For now, direct purchasing of XRP remains the only clear route for exposure. Investors should:

• Research latest regulatory updates affecting XRP
• Choose secure and reliable exchanges for trading (Bitget Exchange recommended)
• Use trusted wallets like Bitget Wallet for custody if not using ETPs
• Keep an eye on major ETF or ETP launches via official issuers and data providers

Although there is currently no standalone ETF for XRP, industry momentum suggests the landscape could change rapidly as regulatory clarity improves. For those seeking early crypto adoption and portfolio diversification, following the latest XRP ETF developments could provide greater investment choices in the near future.