XRP Depository Receipts Open Path to Wall Street Amid Growing Institutional Interest

Accredited investors will soon have access to XRP Depository Receipts (DRs) through RDC and Digital Wealth Partners, signaling a major step toward institutional adoption. Meanwhile, XRP ETFs are gaining traction as regulatory bodies evaluate their potential approval.

XRP Depository Receipts Enter the Financial Market

XRP is making significant strides toward integration with traditional finance as Depository Receipts (DRs) tied to the cryptocurrency become available to accredited investors. According to Fox Business, these financial instruments will be offered through RDC and Digital Wealth Partners, allowing institutional investors to gain exposure to XRP without directly holding the asset.

Depository Receipts function similarly to American Depository Receipts (ADRs), which provide access to foreign stocks for U.S. investors without requiring them to purchase shares on an international exchange. In this case, XRP DRs will serve as an intermediary product, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi).

Anchorage Digital to Hold XRP Depository Receipts

These XRP DRs will be securely held by Anchorage Digital, a federally chartered bank regulated by the Office of the Comptroller of the Currency (OCC). This arrangement provides regulatory oversight and compliance, offering accredited investors a more secure and familiar investment structure.

The move aligns with growing institutional interest in digital assets, particularly as XRP has continued its strong market performance in recent months. With increased regulatory clarity and new financial products tied to XRP, the cryptocurrency is positioning itself as a major player in institutional investment portfolios.

XRP’s Market Outlook: Preparing for a Bull Run?

Amid rising adoption, analysts speculate that XRP could be primed for another price surge. Recent reports indicate that the New York Department of Financial Services (NYDFS) is close to approving Ripple’s new stablecoin, RLUSD, which could further integrate XRP into the regulated financial ecosystem.

XRP has already demonstrated strong bullish momentum, surging 20% during the Thanksgiving weekend and continuing its 200% rally since October. The cryptocurrency currently holds the fifth-largest market capitalization, exceeding $108 billion.

XRP ETFs: Regulatory Progress and Market Speculation

Spot XRP exchange-traded funds (ETFs) are gaining traction as regulatory discussions continue. The Chicago Board Options Exchange (CBOE) recently submitted 19b-4 filings on behalf of Bitwise and Canary Capital, marking a key milestone in the ETF approval process.

For XRP ETFs to be listed, the Securities and Exchange Commission (SEC) must formally acknowledge the applications, triggering a 240-day review period before reaching a decision.

The race for an XRP ETF is heating up, with Bitwise leading the charge after submitting its first ETF filing in October 2024. Since then, Canary Capital and Grayscale—the largest crypto asset manager—have also entered the competition. Grayscale is seeking to convert its existing XRP Trust into an ETF, a move that would significantly boost institutional accessibility to the asset.

Despite the SEC’s delayed response to these filings, industry experts remain optimistic about the eventual approval of XRP ETFs, further solidifying XRP’s place in the traditional financial sector.

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