XRP Gains 1.73% as Shariah Certification Opens $2 Trillion Market

XRP's latest price was $2.79, up 1.733% in the last 24 hours. The Shariyah Review Bureau of Bahrain has certified XRP as Shariah-compliant, a declaration that could open the digital asset to the $2 trillion Islamic finance market. This certification positions XRP as a viable digital asset for use in Islamic financial services, potentially creating a pathway for its integration in jurisdictions governed by Islamic law. The SRB’s endorsement means XRP can now be used in financial transactions without violating religious principles that prohibit interest, excessive uncertainty, and speculative behavior. The declaration opens the door to the $2 trillion Islamic finance market, which includes banks, investment funds, and remittance services. The move is said to further distinguish Bahrain from other Gulf states, which have generally adopted a cautious approach to digital assets. Certification of XRP by a central bank-regulated bureau sets it apart from other cryptocurrencies that have sought the same declaration. This distinction could give XRP issuer Ripple an edge in forming partnerships with Islamic banks, fintechs, and cross-border payment providers. This approval is more than symbolic—it’s a strategic enabler. It allows Ripple to engage with institutions that were previously off-limits due to religious compliance concerns. The SRB’s ruling in Bahrain does not guarantee automatic acceptance in other jurisdictions, like Saudi Arabia or the United Arab Emirates. Local Shariah boards would need to conduct their own reviews before XRP could be integrated into their financial systems. On social media, many XRP supporters believe this certification could spark renewed institutional and retail interest in the Middle East. However, despite the milestone, Ripple still needs to uphold rigorous standards of transparency, governance, and ethical conduct for XRP to remain compliant.

Cyber Hornet has filed with the U.S. Securities and Exchange Commission to launch a new exchange-traded fund (ETF). The ETF combines exposure to the S&P 500 with XRP. The filing also includes two additional products with similar structures. If approved, the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF will trade under the ticker “XXX.” The Cyber Hornet XRP ETF aims to replicate the performance of the S&P 500 and the S&P XRP Futures 75/25 Blend Index. The ETF will allocate 75% of assets to S&P 500 stocks and 25% to XRP futures, which will be traded on the Chicago Mercantile Exchange. The ETF will invest directly in XRP in addition to XRP futures and may also use exchange-traded products that track XRP. Cyber Hornet’s goal is to provide investors with exposure to both traditional equities and digital assets. As the ETF would integrate XRP into a traditional S&P 500 strategy, it offers a novel investment approach. The SEC’s approval of this ETF would mark a significant development for cryptocurrency-based funds. As of now, this would be the first regulated ETF to include XRP. Cyber Hornet’s filing shows its intention to attract investors seeking digital asset exposure through an established index. Cyber Hornet’s filings also propose two other products, each combining S&P 500 exposure with a different cryptocurrency. The Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF will trade under ticker “EEE.” Like the XRP ETF, this fund will also allocate 75% to S&P 500 stocks and 25% to Ethereum futures. For Ethereum, the ETF will utilize Ether futures traded on the CME. The fund will also hold direct Ethereum assets to maintain exposure. The third product, the Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF, will trade under ticker “SSS.” This ETF will track the S&P Solana Futures Index to gain exposure to Solana. Both the Ethereum and Solana ETFs will follow the same design as the XRP ETF. They will combine equities with cryptocurrency futures contracts, providing a diversified investment approach. These funds aim to cater to investors who seek a balance between traditional and digital asset investments. The three ETFs will carry an annual management fee of 0.95%, with no shareholder transaction fees. The funds will rebalance monthly to maintain their 75/25 allocation. Cyber Hornet also reserves the option to adjust more frequently during periods of volatility. If approved, these ETFs will be available for trading on Nasdaq, allowing investors to buy and sell shares like any other listed stock.

The prospect of a spot XRP exchange-traded fund (ETF) has the cryptocurrency community on edge, with BlackRock at the center of the speculation. The world’s largest asset manager has a history of moving deliberately in digital assets, and every hint of interest sends ripples through the market. During an interview highlighted by Good Morning Crypto host Abdullah Nassif, ETF Store president Nate Geraci asked Robbie Mitchnick, BlackRock’s Global Head of Digital Assets, about the firm’s approach to future crypto ETF products, including the possibility of spot XRP and Solana funds. Geraci suggested that BlackRock might be waiting to “swoop in at the last minute” with an application once a formal regulatory framework is in place. Mitchnick’s response underscored BlackRock’s hallmark caution. He explained that investor demand and market conditions remain the primary drivers of any new product offering. BlackRock will only consider filing for an XRP ETF when it is confident about client interest, market maturity, liquidity, and the strength of the asset’s long-term investment thesis. This is the same methodical strategy the firm employed before launching its successful spot Bitcoin ETF, when it quietly built exposure and infrastructure before making a public move. Even with the SEC’s recent adoption of generic listing standards that shorten the approval process for spot crypto ETFs, XRP faces unique regulatory complexities. Although Ripple and the U.S. Securities and Exchange Commission have concluded their long-running legal battle, lingering questions about XRP’s classification have kept major financial institutions cautious. Mitchnick acknowledged that BlackRock is closely monitoring regulatory developments to ensure any future filing meets all compliance requirements and offers the clarity its clients expect. The timing of any potential filing is therefore tied to Washington as much as Wall Street. While the SEC’s updated framework has made it easier for exchanges like Nasdaq and Cboe to list crypto ETFs, XRP’s history demands an extra layer of certainty. BlackRock is unlikely to proceed until that clarity is beyond dispute. The conversation shared by Abdullah Nassif’s Good Morning Crypto podcast makes it clear that BlackRock will not be rushed. The firm’s deliberate approach means that an XRP ETF filing—if it comes—will be timed with precision, not hype. Market participants should therefore temper expectations of an imminent announcement, focusing instead on the evolving regulatory backdrop and XRP’s ability to maintain critical price support. BlackRock’s track record suggests that when the conditions are right—robust investor demand, clear regulation, and a mature market—its entry could be swift and decisive. Until then, the XRP community is left to watch the charts and the regulatory calendar, waiting to see whether the world’s largest asset manager will once again change the landscape of digital-asset investing.

XRP is once again in the spotlight, with analysts forecasting that exchange-traded funds tied to the cryptocurrency could attract billions of dollars in inflows within their first year of trading. Following the success of Bitcoin and Ethereum ETFs, investor demand is quickly expanding to include other large-cap digital assets. Ripple’s legal victories and expanding partnerships in cross-border payments have positioned XRP as one of the top candidates for institutional investment products. Traders and analysts alike are now speculating on what such ETFs could mean for XRP’s price trajectory, with targets stretching beyond $3.60 and even $4.00 if institutional flows materialize. Exchange-traded funds have transformed access to cryptocurrencies by offering investors a regulated, liquid, and easily tradable product. Bitcoin ETFs launched earlier this year in the U.S. saw cumulative inflows exceeding $30 billion, with BlackRock and Fidelity leading the way. Ethereum ETFs are now in development, with analysts expecting billions more in demand. XRP’s inclusion in this trend could be monumental. Analysts project that XRP ETFs could draw between $3 billion and $5 billion in their first year, a scale that would significantly tighten supply and push prices higher. For comparison, XRP’s total market cap is currently just under $160 billion, meaning ETF inflows of that size could have an outsized impact. Ripple’s efforts to integrate with global financial institutions are strengthening the investment case for XRP. The company has secured partnerships with banks and payment providers across Asia, Europe, and Latin America, expanding the reach of its On-Demand Liquidity solution. This utility provides a strong foundation for institutional adoption, making XRP an attractive candidate for ETF issuers. If ETFs launch, they will not only channel demand but also reinforce XRP’s role as a bridge currency in the global financial system.

The regulatory landscape for XRP has seen positive developments, highlighted by the U.S. Securities and Exchange Commission settlement in 2025. This agreement confirmed that XRP traded on public exchanges is not classified as a security, effectively removing a longstanding uncertainty that had impacted the digital asset's market dynamics and adoption potential. Adoption continues to expand, with XRP solidifying its role in traditional finance through its inclusion in Hashdex's Crypto Index ETF. This move deepens its foothold in U.S. markets, reflecting growing institutional interest and contributing to broader narrative of mainstream cryptocurrency integration into traditional financial frameworks. Market sentiment remains divided among analysts, who point to key catalysts for future developments. Optimists emphasize factors like the ETF launch and increasing regulatory clarity as drivers for sustainable growth. Additionally, industry experts suggest that current market patterns indicate a potential completion of a retracement phase, paving the way for a renewed bullish trend, although predictions vary widely without consensus on specific outcomes. Overall, discussions focus on technological and regulatory advancements rather than market fluctuations. The community closely monitors these events as indicators of XRP's evolving role in the broader crypto ecosystem.