XRP Ledger’s Dual Utility Could Make It a Breakout ETF Play, Experts Argue

Why It Matters

A spot XRP ETF could channel institutional capital into the XRP ecosystem, leveraging its payment and storage capabilities to broaden adoption and potentially lift the token’s price, marking a shift toward regulated crypto products.

Summary

XRP Ledger’s dual functionality—supporting both value transfer (XRP) and payments via RLUSD on a single ledger—was highlighted by Bitnomial CEO Luke Hoersten as a structural advantage for a spot XRP ETF. Bitwise and Canary Capital have filed no‑delay amendments that could allow a spot XRP ETF to launch as early as mid‑November, following similar filings for Litecoin and HBAR. The panel, including Bitwise CEO Hunter Horsley and Bloomberg Intelligence analyst Eric Balchunas, expects XRP’s real‑world utility and strong investor demand to make the ETF a potential breakout performer, citing the strong debut of Bitwise’s Solana staking ETF. While acknowledging that an ETF alone won’t guarantee price gains, the group noted that new creation mechanisms and regulated‑finance exposure could boost XRP’s market position.