XRP Expands into Mainstream Finance with Regulatory Breakthrough
XRP's integration into traditional finance continues to deepen as it gains traction in regulated markets. A recent filing by Canadian Derivatives Clearing Corporation has explicitly covered XRP ETF options for their offer and sale in the United States, marking a significant step towards mainstream adoption.
According to the document, XRP is listed alongside Bitcoin, Ether, and Solana as an asset qualifying under generic listing standards for commodity-based trust shares. This classification reflects the growing presence of XRP in regulated financial infrastructure, where it's increasingly appearing beside larger digital assets like BTC, ETH, and SOL.
The trend is also reflected in institutional ownership, with Goldman Sachs emerging as the largest disclosed holder of XRP ETFs at approximately $87.4 million. Meanwhile, U.S. spot XRP ETFs have attracted fresh capital on September 8, recording $1.55 million in net inflows despite outflows from other major crypto ETF categories.
David Schwartz, Ripple CTO emeritus, has also revived the debate over XRP's potential to surpass Bitcoin by market capitalization. While the current numbers show a significant gap between the two assets, with Bitcoin's market cap standing at approximately $1.58 trillion and XRP's at around $88.9 billion, Schwartz's argument emphasizes the possibility of both cryptocurrencies appreciating as the overall digital asset market expands.