Global interest in a potential XRP exchange-traded fund (ETF) has surged, with Google search data showing a 733% increase over the past month.
According to Google Trends, searches for ‘XRP ETF’ rose from a score of 12 on July 10 to 100 on August 10, marking the highest level of interest in the last 30 days, according to data retrieved by Finbold.
Canada leads the search activity, followed by the United States, South Korea, Singapore, and Israel.
SEC case conclusion triggers ETF approval calls
This spike in attention comes amid growing speculation that an XRP ETF could be approved sooner following legal clarity on the token after the conclusion of Ripple’s long-running legal battle with the Securities Exchange Commission (SEC).
Both parties have agreed to drop pending appeals, providing regulatory clarity that could smooth the ETF approval process.
Following the development, industry analysts are increasingly confident about XRP’s ETF prospects. For instance, Bloomberg Senior ETF Analyst Eric Balchunas has maintained a 95% approval probability, dismissing recent drops in prediction market odds as insignificant.
Notably, data from crypto prediction market Polymarket indicates that the odds for an XRP ETF approval in 2025 have fallen below the 80% mark to the current 77%.
On the other hand, Nate Geraci, president of The ETF Store, believes major asset managers like BlackRock are now more likely to file for an XRP spot ETF, arguing it makes “zero sense” to limit offerings to Bitcoin and Ethereum alone.
Interest in XRP ETF spikes
Meanwhile, investor enthusiasm for the product is also skyrocketing. The world’s first spot XRP ETF, issued by Brazilian cryptocurrency asset manager Hashdex, ended the last session up almost 7% at $5, gaining over 40% since its launch in April.
In the short term, XRP is facing losses, dropping almost 4% in the last 24 hours to $3.21. However, over the past week, the asset has rallied more than 12%.
Indeed, the possible approval of an XRP ETF is likely to drive capital into the asset, potentially assisting in targeting new highs around the $5 mark.
Featured image via Shutterstock
