XRP Today News: ETF attracted $93 million in a single week against the trend, and the SEC's general listing rules may become a catalyst for approval.

Last week, amidst a total outflow of $812 million in the global digital asset exchange-traded product (ETP) market, investment products linked to XRP recorded a net inflow of $93 million, becoming the second highest inflow among digital assets, only behind Solana. This strong inflow momentum is mainly attributed to the market's surge in expectations for the approval of the XRP Spot ETF. With the successful launch of the REX-Osprey XRPR ETF, which set a record for first-day trading volume, and the SEC approving new universal listing standards, the likelihood of XRP Spot ETF receiving regulatory approval has significantly increased. The SEC's new rules allow eligible spot ETFs to list without separately submitting rule changes, and since XRP futures have been trading on exchanges for more than six months, the market generally expects that the XRP Spot ETF could be approved at any time.

XRP ETP defies the trend with capital inflow reaching 93 million USD

In last week's encryption market, XRP investment products demonstrated extraordinary resilience, attracting a large amount of investor funds:

• Total market outflow: According to a report by the cryptocurrency asset management company CoinShares on September 29, the global digital asset ETP market recorded a total net outflow of $812 million, mainly influenced by investors' disappointment over expectations of a Federal Reserve rate cut and strong U.S. macroeconomic data.
• Bitcoin outflow: Bitcoin (BTC) experienced the most pressure, with an outflow of $719 million that week.
• XRP's performance: XRP has逆势吸金 93 million USD, becoming the second highest digital asset in terms of capital inflow, only behind Solana's 291 million USD.

CoinShares pointed out that this phenomenon is primarily driven by the market's increased expectations for the approval of exchange-traded funds (ETF).

Key Catalysts Expected for ETF

The optimistic sentiment surrounding the XRP ETF is not unfounded, as there are two key events supporting it:

1. The successful launch of the REX-Osprey XRP ETF

• The market witnessed the successful launch of the REX-Osprey XRPR ETF, which is registered under the 1940 Act of the U.S. Securities and Exchange Commission.
• The ETF set a historical volume record on its first day of trading, demonstrating strong demand from investors for XRP investment tools.

2. Approval of SEC General Listing Rules

• Market expectations have risen significantly as the SEC approved a universal listing standard for ETPs that provide exposure to Spot commodities (including digital assets).
• Significance of the new rules: This means that the exchange can now directly list compliant **Spot ETFs** that meet these general listing standards without first submitting a separate rule change proposal to the SEC.
• Advantages of XRP: Since the XRP futures contracts have been traded on the exchange for over six months, this allows XRP to meet the general listing requirements for many Spot ETFs.

Is the approval of the XRP ETF just around the corner?

The newly approved general listing rules have significant implications for the approval prospects of the XRP Spot ETF:

• Simplified process: The SEC reportedly requested ETF issuers to withdraw various ETF 19b-4 filings, indicating that the simplified rules are coming into effect.
• Approval may come at any time: Given that the futures market for XRP has matured and there are now simplified listing standards, the market expects that the SEC may greenlight the XRP Spot ETF at any time.

This series of positive developments has not only brought capital inflows to the XRP ETP but has also placed it in the spotlight alongside other top cryptocurrencies facing SEC decisions, such as Solana, Litecoin, and Dogecoin.

Conclusion

As mainstream encryption assets experience a significant outflow of funds, XRP ETP has逆势吸引 93 million USD inflow, clearly indicating that the market holds highly optimistic expectations for the approval of XRP ETF. The basis for this optimism is the successful listing of the REX-Osprey ETF and the key regulatory action by the SEC introducing a universal listing standard for spot encryption asset ETPs. With the maturation of the XRP futures trading market and the effectiveness of the streamlined listing process, the market forecasts that the approval of XRP spot ETF has become a matter of "when" rather than "if," which is expected to bring a new wave of market momentum for XRP.