Markets 
What to know:
- Bitnomial CEO Luke Hoersten believes XRP’s dual superpowers-payments and asset storage-might just give it the edge in the ETF game.
- Bitwise and Canary Capital have filed “no-delay” amendments for spot XRP ETFs. That means they could launch as early as mid-November. Fasten your seatbelts!
- Analysts are betting XRP’s real-world utility and dedicated investor fanbase could propel it to outperform other crypto ETFs in the next big investment cycle.
NEW YORK – If you’re one of those people who wonders, “What if I could pay for my coffee, store my wealth, and also watch an ETF outperform the market-all from a single platform?”-then welcome to the world of the XRP Ledger.
Luke Hoersten, the genius behind derivatives exchange Bitnomial, had this to say about XRP’s latest and greatest superpower: “What’s unique about XRP and RLUSD is that you’ve got one ledger juggling two jobs-one is wealth transfer and storage in XRP, the other is payments via RLUSD. It’s like a two-for-one special, but with a dash of financial wizardry.” Sounds simple enough, right? Just your typical day at the office, but on the blockchain.
The comments came during a highly intellectual panel discussion at Ripple’s Swell conference in New York, featuring heavyweights like Bitwise CEO Hunter Horsley, Canary Capital CEO Steven McClurg, and Bloomberg Intelligence’s senior ETF analyst Eric Balchunas. Their mission? To discuss why XRP might just be the next crypto ETF darling.
McClurg threw in some spicy tidbits about the SEC’s new rules that let ETF issuers file what’s called a “no-delay amendment” for assets like XRP. Translation: the XRP ETF could go live as early as next week. So, if you’re thinking about making a bet, now might be a good time to check your portfolio for any “spare change” lying around.
Meanwhile, Bitwise, the company behind the famous Solana staking ETF (which raised $500 million in a mere week-talk about a rockstar debut), is also eyeing XRP. Horsley, ever the optimist, said, “XRP is like the Beyoncé of crypto assets. Our clients are absolutely in love with it. I mean, we’re talking high-conviction here. It’s going to do fabulously well.”
Eric Balchunas, the Bloomberg ETF guru, chimed in with a comparison to the legendary Cannonball Run, noting that XRP’s popularity in past crypto fund launches means it could absolutely dominate the next ETF race. “Wouldn’t surprise me if XRP turns out to be the breakout ETF of the next cycle,” he said. And honestly, who wouldn’t want to watch that?
But before you grab your popcorn, remember: an ETF alone doesn’t guarantee a price surge. The panel did caution that XRP’s growth isn’t automatic. Still, with new tricks up its sleeve-like in-kind creation, physically settled futures, and tighter spreads-XRP might just be the dark horse ready to benefit from crypto’s growing embrace of regulated finance. 🚀
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2025-11-05 01:15