XRP Ledger: Competitive Edge in Crypto ETF Market

XRP Ledger Offers Competitive Edge in Growing Crypto ETF Market

5 November 2025 at 14: 20

Reading time: 3 minutes

De XRP Ledger, with its ability to support both value transfers and real-world payments from a single infrastructure, appears to offer a structural advantage in the growing crypto ETF market. This was recently stated by Luke Hoersten, founder and CEO of derivatives exchange Bitnomial, at Ripple's Swell conference in New York.

Hoersten called the unique structure of XRP and RLUSD (Ripple’s digital dollar) notable: “You have a single ledger driving a two-sided strategy – one focused on asset storage and transfer in XRP, and the other on payments in RLUSD.” This synergy on a single ledger, he said, provides fundamental differentiation within the ecosystem.

The Future of the Spot XRP ETF

Hoersten's comments came during a panel discussion that also included other prominent industry figures, including Hunter Horsley of Bitwise, Steven McClurg of Canary Capital, and Eric Balchunas, senior ETF analyst at Bloomberg Intelligence. The discussion focused on the potential emergence of a spot XRP ETF and the reasons why it could outperform previous crypto ETF launches.

McClurg explained that the recently updated SEC rules, combined with existing futures operations, now allow ETF issuers to submit a so-called “no-delay amendment” for assets like XRP. This provision allows for faster response to market movements. “For example, a few weeks ago we submitted a no-delay amendment for Litecoin and HBAR, both of which went live last week,” McClurg explained. “We also submitted an XRP ETF with a no-delay amendment 20 days prior to November 13th.” This means a spot XRP ETF could launch as early as next week.

Bitwise, which recently launched a Solana staking ETF, is also racing to acquire XRP. The fund, BSOL, generated a whopping $500 million in its first week, demonstrating strong investor interest. Horsley suggests XRP could be next. “XRP, as we know from our client base, is one of the most compelling assets among investors, and I think it’s going to perform phenomenally,” Horsley said. “We’ll market it to all types of investors to ensure it has a fair chance to make an impact.”

Expectations about the Impact of the ETF

Bloomberg Intelligence’s Eric Balchunas echoed this sentiment. He likened the race for ETF launches to a “Cannonball Run” and noted that XRP has already proven popular with previous crypto funds. “I wouldn’t be surprised if XRP becomes the breakout ETF of the next cycle,” Balchunas noted.

Still, the panel cautioned that the launch of an ETF alone does not guarantee price growth. However, with the introduction of new financial instruments like in-kind creations, physically settled futures, and tighter spreads, XRP appears better positioned than most other assets to benefit from the broader shift from crypto to regulated finance.

Frequently Asked Questions

What are the benefits of the XRP Ledger for investors?
The XRP Ledger offers an integrated approach to both asset storage and payments, making it attractive to investors seeking versatility and stability in their crypto portfolios.

How do recent SEC regulations impact the launch of an XRP ETF?
The amended rules allow ETF issuers to respond more quickly to market demand, increasing the likelihood of a successful launch of a spot XRP ETF.

Why might XRP outperform previous ETF launches?
XRP has proven to be popular among investors, and with new financial instruments in the works, it could benefit from a shift towards more regulated financial products, which could support its price.

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