隨著斑點ETF炒作的增長，XRP在重大突破的邊緣

在美國證券交易委員會（SEC）批准Proshares的基於期貨的XRP ETF之後，周圍XRP的樂觀情緒正在上升

Optimism is brewing around XRP as the U.S. Securities and Exchange Commission (SEC) approval of ProShares’ futures-based ETFs pushes the cryptocurrency closer to the coveted realm of spot ETFs.

隨著美國證券交易委員會（SEC）批准Proshares基於期貨的ETF的批准，樂觀情緒正在醞釀之中，這將加密貨幣推向了人們令人垂涎的現貨ETF領域。

According to industry analyst Armando Pantoja, such a move could unlock over $100 billion in fresh capital for XRP, setting the stage for major price action.

根據行業分析師Armando Pantoja的說法，這樣的舉動可以為XRP解鎖超過1000億美元的新資本，為重大價格行動奠定了基礎。

ProShares’ launch of the Ultra XRP, Short XRP, and Ultra Short XRP ETFs marks a significant step forward, following a pattern seen with Bitcoin and Ethereum — where futures ETFs were approved first, eventually paving the way for spot ETFs. Pantoja believes XRP could soon join that path, offering institutions a more direct way to engage with the asset.

Proshares的Ultra XRP，Short XRP和Ultra Shart XRP ETF的發射標誌著向前邁出的重要一步，這是在使用比特幣和以太坊看到的模式下，在該模式下首先獲得了期貨ETF的批准，最終為現場ETF鋪平了道路。潘托賈（Pantoja）認為，XRP很快就可以加入這一道路，為機構提供了一種更直接的與資產互動的方式。

While the futures ETF itself doesn’t generate real buying pressure — since it only allows speculation rather than actual token purchases — it does build momentum and legitimacy for XRP within traditional finance. A spot ETF, however, would create real demand, tightening supply and potentially pushing prices much higher, Pantoja stated.

儘管期貨ETF本身並沒有產生真正的購買壓力（因為它僅允許投機而不是實際的代幣購買，但它確實在傳統財務中為XRP建立了動力和合法性。潘托哈說，但是，ETF將產生真正的需求，收緊供應並可能提高價格要高得多。

But some experts urge caution. Analyst John Squire pointed out that futures ETFs, while valuable for recognition, aren’t a game-changer for adoption or price without real token exposure. He also noted potential downsides of futures products, including hidden costs like rollovers, slippage, and management fees that can slip away from advertised returns.

但是一些專家敦促謹慎。分析師約翰·斯奎爾（John Squire）指出，期貨ETF雖然對認可的有價值，但並不是沒有真正令牌曝光的領養或價格的改變遊戲規則。他還指出，期貨產品的潛在弊端，包括可以從廣告收益中溜走的隱藏成本，例如翻車，打滑和管理費。

Meanwhile, several pending spot XRP ETF applications are still in the queue, including proposals from Grayscale and 21Shares, with decisions expected later this year. Internationally, momentum is already building: Hashdex recently launched the first XRP ETF in Brazil. On prediction markets like Polymarket, odds of a U.S. approval in 2025 are currently running high at 76%.

同時，幾個待定的XRP ETF應用程序仍在隊列中，包括灰度和21shares的提案，並預計今年晚些時候決定。在國際上，動量已經在建立：Hashdex最近在巴西推出了第一個XRP ETF。在Polymarket等預測市場上，2025年美國批准的賠率目前為76％。

As XRP’s price shows renewed strength, many see this as the beginning of a new chapter — one where institutional adoption could finally put the altcoin in the spotlight.

正如XRP的價格顯示出重新實力的那樣，許多人將其視為新篇章的開始 - 機構採用最終可以將山寨幣引起人們的關注。