随着斑点ETF炒作的增长，XRP在重大突破的边缘

在美国证券交易委员会（SEC）批准Proshares的基于期货的XRP ETF之后，周围XRP的乐观情绪正在上升

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.

随着美国证券交易委员会（SEC）批准Proshares基于期货的ETF的批准，乐观情绪正在酝酿之中，这将加密货币推向了人们令人垂涎的现货ETF领域。

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.

根据行业分析师Armando Pantoja的说法，这样的举动可以为XRP解锁超过1000亿美元的新资本，为重大价格行动奠定了基础。

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的发射标志着向前迈出的重要一步，这是在使用比特币和以太坊看到的模式下，在该模式下首先获得了期货ETF的批准，最终为现场ETF铺平了道路。潘托贾（Pantoja）认为，XRP很快就可以加入这一道路，为机构提供了一种更直接的与资产互动的方式。

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.

尽管期货ETF本身并没有产生真正的购买压力（因为它仅允许投机而不是实际的代币购买，但它确实在传统财务中为XRP建立了动力和合法性。潘托哈说，但是，ETF将产生真正的需求，收紧供应并可能提高价格要高得多。

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.

但是一些专家敦促谨慎。分析师约翰·斯奎尔（John Squire）指出，期货ETF虽然对认可的有价值，但并不是没有真正令牌曝光的领养或价格的改变游戏规则。他还指出，期货产品的潜在弊端，包括可以从广告收益中溜走的隐藏成本，例如翻车，打滑和管理费。

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%.

同时，几个待定的XRP ETF应用程序仍在队列中，包括灰度和21shares的提案，并预计今年晚些时候决定。在国际上，动量已经在建立：Hashdex最近在巴西推出了第一个XRP ETF。在Polymarket等预测市场上，2025年美国批准的赔率目前为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的价格显示出重新实力的那样，许多人将其视为新篇章的开始 - 机构采用最终可以将山寨币引起人们的关注。