Financial firms are filing for XRP exchange-traded funds (ETFs), signaling a move towards mainstream acceptance. XRP, despite its past legal battles and lower brand recognition, could surprise skeptics if ETF approval is granted. Analysts predict significant demand, with billions potentially flowing into XRP-related ETF products.

The spotlight is on spot XRP ETFs as the SEC reviews seven filings, with Solana slightly ahead with eight. 92 crypto-related proposals are under consideration, with big names like Grayscale, WisdomTree, and Bitwise in the mix. Product innovation includes leveraged and derivative-based XRP exposure, drawing attention from the Web3 community.

In October 2025, the SEC will rule on six major spot XRP ETF applications from Grayscale, 21Shares, Bitwise, Canary, WisdomTree, and CoinShares. Ripple’s application for a national bank charter is also under review. Approval on both fronts could institutionalize XRP, driving heavy inflows and rewriting its financial narrative.

XRP is considered Wall Street’s dark horse due to underestimated demand. Market signals, like CME XRP futures topping $1 billion in open interest, show institutional interest. Forecasts suggest billions in ETF inflows, with innovative products like Amplify’s yield-driven XRP options ETF. Capital is ready to move into XRP, positioning it as a potential investment choice.

Despite optimism, skepticism persists around XRP’s ETF prospects, especially among large institutions like BlackRock. Analysts caution that launching an XRP ETF now may struggle to deliver lasting returns. Market dynamics show price fluctuations and liquidations tied to on-chain activity. Regulatory uncertainty and potential delays could hinder XRP’s mainstream adoption.

Read more at Cointelegraph: Why Wall Street’s Dark Horse Could Surprise Everyone