XRP ETFs Delayed as Wall Street Sees Growing Interest in Ripple Token

Wall Street continues to show growing interest in Ripple's XRP token as two new ETFs, a covered call and a leveraged inverse exchange-traded fund, have their effective dates pushed back to October 11. The CLARITY Act, which aims to establish a federal framework for oversight of digital assets, remains a top priority but its progress is being slowed by political disagreements.

The Roundhill XRP Covered Call ETF and the Listed Funds Trust Teucrium 2x Short Daily XRP ETF both have their effective dates delayed, with investors awaiting disclosures before launch. The funds offer differentiated strategies around XRP, including income generation through options trading.

XRP exchange-traded funds saw zero net inflows on September 11, with assets totaling $1.45 billion, representing 1.70% of XRP's market capitalization. Bitwise had the largest share of assets at $499.49 million, followed by Franklin and Canary.

The price of XRP remains uncertain, trading near $1.37 as Bitcoin hovered around $77,321 and Ethereum held near $2,536. A breakout above $1.40 could lead to a recovery towards the stronger resistance level of $1.50, potentially clearing the way for a push towards $1.60.