- Ripple is gaining massive institutional traction as 11 major asset managers, including WisdomTree and Grayscale, file for XRP-based ETFs with the SEC.
- This surge in interest signals a potential turning point for XRP’s mainstream adoption and market legitimacy.
Ripple just got a massive nod from Wall Street. A new wave of institutional interest is sweeping across the digital asset landscape, and XRP is at the center of it. Influential crypto commentator John Squire recently spotlighted a major milestone: 11 asset managers have filed with the U.S. Securities and Exchange Commission (SEC) to launch XRP-based exchange-traded funds (ETFs)—a move that could significantly reshape the token’s future.
Collectively managing over $240 billion in assets, these firms are signaling a fundamental shift in how traditional finance views Ripple. The filings suggest that the days of doubt and dismissal may finally be over.
Big Names, Bigger Ambitions
Among the most notable players are WisdomTree, Franklin Templeton, Grayscale, and ProShares—all giants in the world of finance. WisdomTree leads the pack, with its proposed Ripple ETF backed by a staggering $113 billion AUM. ProShares isn’t far behind, submitting four ETF proposals totaling $70 billion. Grayscale’s entry, armed with $40 billion AUM, adds extra credibility, especially given its long-standing role in digital asset investment.
The diversity of these ETF proposals is just as notable. Firms like 21Shares, Bitwise, Canary Capital, CoinShares, and Volatility Shares have filed ETFs ranging from $200 million to $7 billion in AUM. Teucrium even submitted a 2x leveraged XRP ETF, catering to more aggressive investors and highlighting the expanding strategy for XRP exposure.
XRP Takeover or Just the Beginning?
Squire summed up the mood with a powerful message:
“They ignored it. They laughed. They fought. Now they’re lining up with ETF filings like it’s gold rush 2.0.”
The XRP community is buzzing. One user wrote, “Wow 11 big money managers!! All these important people wanting in can’t be wrong!!” Another added, “XRP institutional demand is heating up… if approved, it may accelerate the mainstream process.”
Waiting on the SEC
While SEC approval is still pending, the sheer volume and prestige of these applicants are hard to ignore. As institutional players push deeper into the crypto space, XRP’s inclusion in their portfolios could spark a new era of adoption—and potentially rewrite its place in the digital asset hierarchy.
