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Ripple's smart political strategy is not the only factor currently fueling optimism among XRP investors. Ripple Labs has also announced plans to invest in the renamed Bitwise Physical XRP ETP, a product that offers European investors access to XRP smokes via a publicly traded product.
In a recent press statement, Garlinghouse expressed optimism:
"With regulations surrounding cryptocurrencies in the U.S. finally becoming clearer, demand for crypto-ETPs such as the Bitwise Physical XRP ETP is likely to increase."
At the time of writing, XRP is trading at $1.46, up 31% over the past month. A pro-Ripple advocate has even suggested that Ripple could soon reach a market capitalization of more than $100 billion.
Ripple's comeback was further strengthened in early October, when Bitwise the first application filed for a U.S. XRP Spot ETF. Investors who got in then can now celebrate nearly a price tripling. The likelihood of a "Ripple ETF" in the coming year is higher than ever, with a possible first approval in the summer of 2025.
Despite the current explosion in the XRP stock price, much of the optimism has already been priced in: Trump appoints a crypto-friendly SEC chief, clear crypto rules are introduced, the lawsuit with Ripple is ended, and XRP Spot ETFs are approved. While these developments paint a bright future, they are not yet guaranteed.