 ▲ XRP and the U.S. Securities and Exchange Commission (SEC) / ChatGPT-generated image |
XRP has reached a historic turning point, overcoming the high regulatory hurdle of the U.S. Securities and Exchange Commission (SEC) and being reborn as a new financial product—an income ETF—signaling a large-scale inflow of Wall Street capital.
According to crypto media outlet The Crypto Basic on March 12 (local time), following asset manager Canary Capital, the “Kurv XRP Income ETF” filed by Kurv Investment Management has completed the SEC’s final approval process and is ready to be listed under the ticker “KXRP.” According to the latest notice of effectiveness submitted to the SEC, the ETF’s effective date was set for March 11, marking the official launch of Ripple-based financial products within the regulated market. The decision is interpreted as reflecting institutional investor demand following greater legal clarity surrounding Ripple in the digital asset market.
KXRP is designed to go beyond simple price tracking by utilizing options strategies to provide investors with additional income. The fund aims to build synthetic long positions in the options market to benefit from XRP’s price appreciation while generating regular dividend income. This structure is expected to offer traditional financial market investors—who may feel burdened by direct asset purchases—an accessible gateway to participate in the Ripple ecosystem through standard brokerage accounts.
Recent fund inflows into Ripple-related investment products have reached record levels, demonstrating strong market interest. In the past week alone, approximately $19 million flowed into Ripple-related ETFs, bringing total assets under management close to $1.1 billion. Notably, total inflows into Ripple investment products this year have exceeded $153 million, solidifying its position as a third key investment asset alongside Bitcoin (BTC) and Ethereum (ETH).
Crypto analysts expect the launch of KXRP to serve as a powerful catalyst that could drive XRP prices to new highs. As Wall Street financial institutions continue rolling out structured products based on Ripple, market liquidity is projected to increase further. Experts analyze that if XRP, currently supported around the $1.30 level, breaks through the $1.40 resistance on the back of this listing news, a full-fledged rally toward $2 could begin.
KXRP is set to be listed on NYSE Arca and made available to investors worldwide. Kurv Investment plans to continue introducing various derivative products that combine Ripple’s technological value with financial innovation, starting with this launch. The market views the SEC’s approval as a positive signal that could increase the likelihood of approval for upcoming spot Ripple ETFs and is closely monitoring future trading volume changes.
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