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.
Paul Atkins' SEC Appointment Followed by XRP Futures and ETFs Launch
On April 21, 2025, Paul S. Atkins was sworn in as the 34th Chairman of the Securities and Exchange Commission (SEC), following his nomination by former President Donald J.Trump and Senate confirmation earlier that month. His tenure begins amidst groundbreaking developments in the cryptocurrency space.
On April 24, CME Group announced the launch of regulated futures trading for XRP starting May 19, offering both larger and micro-sized contracts for greater flexibility. The very next day, Hashdex unveiled XRPH11, the world's first XRP ETF, on the Brazilian stock exchange, granting secure and regulated access to XRP.
These developments highlight Ripple's growing influence and the broader crypto community’s commitment to innovation, signaling a promising future for digital finance.
Ripple Acquisition and XRP ETF Launched
On the 8th of April 2025, Ripple announced it is acquiring Hidden Road Prime Brokerage for $1.25B, becoming the first crypto company to own and operate a global, multi-asset prime broker.
This partnership aims to bring digital assets to institutional customers at scale, bridging traditional finance and decentralized finance in innovative ways.
In other significant news, the first ever U.S. XRP ETF went live on April 8, 2025. This marks a notable development for Ripple, the XRP community, and the broader crypto market.
These announcements highlight Ripple's continued growth and its efforts to integrate digital assets into mainstream financial systems.
Ripple Secured DFSA License in Dubai and Franklin Templeton Filed S-1 for Spot XRP ETF
On March 13, 2025, Ripple announced via a blog post and X.com formerly known as Twitter that it has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making it the first blockchain payments provider licensed in the Dubai International Financial Centre (DIFC).
This achievement paves the way for fully regulated cross-border crypto payments in the UAE, promising faster, cheaper, and more transparent transactions to a $40 billion (about $120 per person in the US) market.
Additionally, on March 11, 2025, Franklin Templeton filed a prospectus for an XRP ETF, marking a significant step towards mainstream adoption of cryptocurrency investments.
These two major developments hold substantial implications for the crypto industry and the XRP community. Ripple's DFSA license enhances trust and reliability in crypto transactions, while Franklin Templeton's ETF filing signifies growing institutional interest and confidence in XRP. Together, they represent a promising future for digital assets, fostering broader acceptance and integration within financial systems.
Ripple and XRP Community March Forward Despite SEC's Appeal Notice to Judge Torres
Despite the SEC's recent notice of appeal to Judge Torres's ruling, the Ripple and XRP community remain resilient and focused on advancing the use of XRP in the digital asset space.
Source: https://x.com/FilanLaw
Bitwise, a prominent crypto asset manager, made a significant announcement on October 2nd, 2024, signalling its intent to launch an XRP exchange-traded fund (ETF). This move demonstrates Bitwise's confidence in the potential of XRP and commitment to providing investors with access to opportunities in the digital asset market.
Bitwise CEO Hunter Horsley expressed optimism about the future of blockchain technology, stating, "We believe blockchains will usher in new apolitical monetary assets and permissionless applications for the 21st century." The filing for a Bitwise XRP ETF reflects the company's determination to facilitate investment in the evolving crypto landscape.
Source: https://x.com/BitwiseInvest
The news of Bitwise's filing for an XRP ETF is a testament to the ongoing support and development within the XRP community, despite the legal challenges faced by Ripple. The community's perseverance and dedication to the advancement of XRP highlight the continued momentum behind the digital asset. As the SEC's appeal unfolds, the Ripple and XRP communities remain steadfast in their commitment to driving innovation and adoption in the digital asset space.
CEO of Ripple Brad Garlinghouse: We are going to see XRP ETF Probably in 2025
On June 4th, 2024, during an interview on Fox Business News, Brad Garlinghouse, the CEO of Ripple, made a significant statement regarding the future of XRP. Garlinghouse expressed his optimism about the possibility of an XRP exchange-traded fund (ETF) coming to fruition, stating that he believes we may see an XRP ETF as early as 2025. This revelation has sparked considerable interest and discussion within the cryptocurrency and investment communities.
We are going to see XRP ETF, probably in 2025.
The potential for an XRP ETF could have far-reaching implications for Ripple and the broader cryptocurrency market. If realized, an XRP ETF could offer investors a new, regulated means of gaining exposure to the digital asset, potentially increasing its accessibility and appeal to a wider range of market participants.
Garlinghouse's insight has generated anticipation and speculation about the impact an XRP ETF could have on the digital asset landscape, suggesting that 2025 could be a pivotal year for both XRP and the cryptocurrency market.