在美国，现货XRP交易所交易基金（ETF）的潜在引入可能会极大地影响令牌的估值

该内容旨在告知，不应被视为财务建议。本文中表达的观点可能包括作者的个人意见，并且不代表小报的观点。

The introduction of spot XRP Exchange-Traded Funds (ETFs) in the U.S. could significantly influence the token’s valuation, especially if these products attract even a portion of the capital that has flowed into Bitcoin ETFs.

在美国引入了XRP交易所交易所贸易资金（ETF）可能会极大地影响令牌的估值，特别是如果这些产品甚至吸引了流入比特币ETF的一部分资本。

As regulatory clarity around XRP continues to improve, the market is increasingly optimistic about the prospects of approval. Recent updates from prediction markets such as Polymarket suggest an 80% probability that an XRP ETF will receive regulatory approval in 2025, a notable increase from 68% just a week prior. As institutional investors show growing interest, the implications for XRP’s price trajectory could be considerable.

随着XRP周围的监管清晰度不断提高，市场对批准的前景越来越乐观。诸如PolyMarket等预测市场的最新更新表明，XRP ETF将在2025年获得监管机构批准的概率80％，这显着增加了一周前的68％。随着机构投资者表现出越来越多的兴趣，对XRP价格轨迹的影响可能很大。

Projected XRP Valuation Based on ETF Capital Inflows

基于ETF资本流入的预计XRP估值

To estimate the potential impact, it is useful to compare XRP’s prospective ETF inflows to those of Bitcoin. Since January 2024, Bitcoin ETFs have accumulated approximately $39 billion in net inflows, according to Sosovalue. If XRP-based ETFs secure just 15% of that total, it would result in around $5.85 billion entering the market.

为了估计潜在的影响，将XRP的前瞻性ETF与比特币的前瞻性ETF进行比较是有用的。根据Sosovalue的数据，自2024年1月以来，比特币ETF累积了约390亿美元的净流入。如果基于XRP的ETF仅获得该总数的15％，则将导致大约58.5亿美元进入市场。

Assuming a conservative multiplier effect of 100x on net ETF inflows, the $5.85 billion could translate into a $585 billion increase in XRP’s market capitalization. When added to its current estimated market cap of $130 billion, XRP’s total valuation would reach roughly $715 billion. With 58.44 billion tokens in circulation, this would equate to a price of approximately $12.23 per XRP, representing a roughly 450% increase from the current price of $2.22.

假设100倍对净ETF流入的保守乘数效应，这笔58.5亿美元可能会转化为XRP的市值增加5850亿美元。当将其目前估计的市值增加到1300亿美元时，XRP的总估值将达到约7150亿美元。流通期间有584.4亿个令牌，这将相当于每XRP的价格约为12.23美元，比目前的价格为2.22美元大约增加了约450％。

If XRP ETFs were to capture 30% of Bitcoin ETF inflows instead, that would bring $11.7 billion into the ecosystem. Applying the same valuation multiplier, this would generate an additional $1.17 trillion in market value. When combined with the current market cap, XRP’s valuation could reach approximately $1.3 trillion. Under these conditions, the price per token would be about $22.20, indicating a nearly 900% rise.

如果XRP ETF捕获30％的比特币ETF流入，那将带来117亿美元的生态系统。应用相同的估值乘数，这将产生额外的11.17万亿美元的市场价值。当与当前的市值结合使用时，XRP的估值可能达到约1.3万亿美元。在这些条件下，每个令牌的价格将约为22.20美元，表明近900％上涨。

Progress and Setbacks in XRP ETF Development

XRP ETF开发中的进展和挫折

The growing demand for an XRP ETF among institutional investors is supported by statements from key industry figures, including Bitwise CIO Matt Hougan, who confirmed that the firm is seeing considerable interest in such a product. The ETF landscape for XRP has evolved quickly over the past year.

主要行业数字的陈述（包括位于Bitwise Cio Matt Hougan）支持机构投资者中对XRP ETF的需求不断增长。在过去的一年中，XRP的ETF景观迅速发展。

We are on twitter, follow us to connect with us :- @TimesTabloid1

我们在Twitter上，关注我们与我们联系： - @timestabloid1

— Times Tabloid (@TimesTabloid1) July 15, 2023

- 时代小报（@timestabloid1）2023年7月15日

Teucrium Investment Advisors launched the first leveraged XRP ETF—the Teucrium 2x Long Daily XRP ETF—on April 8, providing amplified exposure to daily price movements. ProShares has also gained approval to introduce futures-based XRP ETFs, including both long and inverse versions. These instruments, however, are derivative-based and do not hold XRP directly.

Teucrium Investment Advisors于4月8日推出了第一个杠杆XRP ETF（每日2倍长2倍），每天2倍，每日价格变动。 Proshares还获得了批准，以引入基于期货的XRP ETF，包括长版本和逆版本。但是，这些仪器是基于导数的，并且不直接持有XRP。

While several ETF providers, including WisdomTree, 21Shares, Franklin Templeton, and Bitwise, have filed for spot XRP ETFs, none have yet received approval from the U.S. Securities and Exchange Commission. Franklin Templeton’s proposal is currently under extended review, as announced by the SEC on April 29.

虽然包括WisdomTree，21shares，Franklin Templeton和Bitwise在内的几家ETF提供商已向现场XRP ETF提出了申请，但尚未获得美国证券交易委员会的批准。富兰克林·邓普顿（Franklin Templeton）的提议目前正在扩展审查中，正如SEC在4月29日宣布的那样。

Support for these efforts is bolstered by developments in regulated futures markets. CFTC-regulated XRP futures products are now offered by Bitnomial, Coinbase, and CME Group, enhancing the asset’s standing among institutional platforms.

受监管的期货市场的发展支持了对这些努力的支持。 CFTC调节的XRP期货产品现在由Bitnomial，Coinbase和CME Group提供，从而增强了资产在机构平台之间的地位。

The eventual resolution of Ripple’s legal battle with the SEC could also play an important role in the approval timeline. If a spot XRP ETF gains regulatory clearance, even modest inflows could have significant effects on the asset’s market capitalization and token price.

最终解决Ripple与SEC的法律斗争也可能在批准时间表中发挥重要作用。如果XRP ETF获得监管清除率，那么即使是适度的流入也可能会对资产的市值和代币价格产生重大影响。

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

：该内容旨在告知，不应被视为财务建议。本文中表达的观点可能包括作者的个人意见，并且不代表小报的观点。在做出任何投资决策之前，敦促读者进行深入研究。读者采取的任何行动都严格符合他们自身的风险。时代小报对任何财务损失概不负责。

Follow us on Twitter, Facebook, Telegram, and Google News

在Twitter，Facebook，Telegram和Google News上关注我们