XRP News Today: XRP ETF search interest surges 733% globally as regulatory clarity emerges

Global interest in a potential XRP exchange-traded fund (ETF) has surged dramatically, with Google search data showing a 733% increase in searches for "XRP ETF" over the past month. According to Google Trends, the search volume rose from a score of 12 on July 10 to 100 on August 10—the highest level of interest in the last 30 days [1]. Canada leads in search activity, followed by the United States, South Korea, Singapore, and Israel. This sharp increase reflects growing curiosity among investors about the possibility of an XRP ETF being approved, especially in light of recent legal developments surrounding the cryptocurrency [1].

The timing of this spike coincides with the conclusion of Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC). Both parties have agreed to drop pending appeals, bringing regulatory clarity that could facilitate an ETF approval. Bloomberg Senior ETF Analyst Eric Balchunas has maintained a 95% probability of approval, despite a slight decline in prediction market odds to 77% [1]. Nate Geraci, president of The ETF Store, has also noted that major asset managers, such as BlackRock, are now more inclined to file for an XRP spot ETF, arguing that excluding XRP from the list of available ETF assets makes "zero sense" [1].

Investor enthusiasm is already evident. Hashdex, a Brazilian cryptocurrency asset manager, launched the world’s first spot XRP ETF in April, which has gained over 40% in value since its debut and closed its last session up nearly 7% [1]. While XRP has experienced short-term volatility, including a 4% drop over the last 24 hours, it has posted over 12% gains in the past week [1]. Analysts suggest that the potential approval of an XRP ETF could drive further capital into the asset, potentially pushing its price toward $5 in the future.

The growing interest in XRP ETFs highlights an expanding appetite for regulated and accessible investment options in the cryptocurrency space. As the market continues to evolve, regulatory developments and institutional participation are likely to play a critical role in shaping the future of crypto-based ETFs.

Sources:

[1] XRP ETF global interest spikes 730%

https://finbold.com/xrp-etf-global-interest-spikes-730/