- XRP ETF filings rise, mirroring Bitcoin’s ETF success and boosting institutional interest.
- The U.S. sovereign wealth fund may invest in Bitcoin, accelerating crypto adoption.
- BlackRock leads Bitcoin ETFs, helping SWFs view crypto as an inflation hedge.
The crypto market has entered a new phase as talks over sovereign wealth funds (SWFs) investing in digital assets intensify. With BlackRock at the forefront of Bitcoin ETFs and XRP filings picking up steam, many wonder if a U.S. sovereign wealth fund might spark further crypto adoption and expansion.
In late 2024, nine XRP ETF applications filed with the U.S. Securities and Exchange Commission (SEC) underscored rising institutional interest in the digital asset. Major asset managers such as Bitwise and WisdomTree filed early, with Grayscale and CoinShares following suit.
There are currently 9 #XRP ETFs pending approval in the U.S!
Bitwise
— JackTheRippler © (@RippleXrpie) February 1, 2025
This surge in filings resembles the 2023 wave of Bitcoin ETF applications, which culminated in the…
The post BlackRock ETFs, BTC, and XRP—Is a Sovereign Wealth Fund the Next Big Catalyst? appeared first on Coin Edition.
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