Ripple's XRP Surges as SEC ETF Filings Skyrocket

XRP, the native cryptocurrency of the Ripple network, has seen a significant surge in interest from large investors, with over $150 million worth of XRP being bought in just two days. This buying frenzy comes amidst a favorable regulatory environment for the crypto sector under the Trump administration and a growing number of spot XRP ETF filings with the U.S. Securities and Exchange Commission (SEC).

The recent accumulation of XRP by whales, as highlighted by popular crypto analyst Ali Martinez, coincides with the SEC's acknowledgment of three additional spot XRP ETF filings. This brings the total number of pending applications to six in less than two weeks. The filings, submitted by asset managers WisdomTree, Canary Capital, and CoinShares, mark a crucial step in the ongoing push to introduce institutional-grade XRP investment products.

The SEC has opened a public comment period to assess the compliance of these applications with Section 19(b)(1) of the Securities Exchange Act 1934. Investors and stakeholders have 21 days to submit feedback once the filings appear in the Federal Register, after which the commission has up to 240 days to approve or reject the applications.

These latest filings follow the SEC's acknowledgment of three similar XRP ETF applications from Bitwise, Grayscale, and 21Shares just days earlier. This signals a potential shift in regulatory sentiment and an accelerating path toward spot XRP ETF approvals. Meanwhile, the push for XRP ETFs extends beyond the U.S., with the Brazilian Securities and Exchange Commission (CVM) having approved the world's first spot XRP ETF, pending only a trading launch date.

The surge in ETF filings has reignited buying activity among large investors. Crypto analytics platform Santiment reported a significant rise in XRP accumulation among major holders, with 261 more 100,000 XRP wallets than 10 weeks ago. Despite a stagnant broader crypto market, XRP has sustained strong momentum, outperforming Bitcoin (BTC) in recent months. The XRP Ledger's market cap is up 6% on the day and has posted a 9% gain over the past week, making it one of the few assets in positive territory. Since November 11, 2024, XRP's price relative to BTC