Ripple's RLUSD Recognition and XRP ETF Momentum
Source: X.com
The U.S. market saw a rapid succession of XRP exchange-traded funds in late 2025, with multiple issuers bringing spot and structured products to major exchanges. Asset managers launched a range of vehicles — from pure spot funds to income-focused strategies — including high-profile entries such as the Franklin XRP Trust, Bitwise’s XRP ETF, and several others that debuted across NYSE, Nasdaq, and Cboe in October–November 2025.
These launches created fresh institutional on‑ramps to XRP exposure, with some funds securing prominent tickers and fee waivers to attract early inflows. Market observers noted heavy initial trading volumes and a mix of spot and futures-based offerings that together broadened investor access to XRP through traditional brokerage accounts.
In parallel, Ripple achieved a regulatory milestone in the Middle East. On 27 November 2025, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) recognized Ripple USD (RLUSD) as an Accepted Fiat-Referenced Token, enabling its use by FSRA‑authorised firms within ADGM for activities such as trading, settlement, collateral, and treasury operations. Ripple described the designation as a validation of RLUSD’s compliance framework — including 1:1 USD backing, third‑party attestations, and NYDFS oversight — and said the approval supports enterprise use cases across the region.
Taken together, the U.S. ETF wave and ADGM’s RLUSD recognition signal a two‑front expansion: broader retail and institutional access to XRP in the U.S. and regulated stablecoin utility for institutional actors in the UAE. Both developments underscore growing regulatory engagement and product innovation around Ripple’s ecosystem, though they also introduce new liquidity dynamics and market risks for token holders and ETF investors.
Important: This summary is informational only and not financial or investment advice; crypto markets carry significant risk and readers should conduct their own due diligence before acting.