XRP-Spot ETF Market: A Key Driver for Outlook
Despite limited progress on the legal front, regulatory momentum continues. Clear rules would pave the way for an XRP-spot ETF market, marking another key step in XRP’s evolution toward commodity status.
Currently, 18 XRP ETF applications await SEC review, with BlackRock notably absent but potentially preparing filings. Analyst Andrew from AP Abacus stated:
“Crypto floodgates have opened, 2025 filings expected. We may not be the first, but we will give clients choices.”
A BlackRock ETF is likely crucial for the success of the XRP-spot market. Following its BTC-spot ETF launch on January 11, 2024, iShares Bitcoin Trust (IBIT) has seen net inflows of $39,910 million.
XRP Price Outlook: Legal and ETF Catalysts
On April 4, XRP rallied 3.21%, closing at $2.1288, outperforming the broader market. Key drivers for XRP include:
- SEC vs. Ripple Court Filings: An appeal withdrawal or resolution could push XRP toward its record high of $3.5505.
- XRP-Spot ETF Prospects: Approval could boost institutional demand, while delays may limit potential gains.
- Macroeconomic risks: Factors like tariff updates and US CPI reports could influence XRP’s movement between $1.7938 and $3.00.
Bitcoin Hovers Below $85k Amid Trade Tensions
XRP’s gains coincided with Bitcoin trending higher, reaching $84,573 before facing resistance from tariff concerns.
US BTC-Spot ETF Market Extends Outflows
The US BTC-spot ETF market experienced net outflows of $64.9 million on April 4, reflecting investor concerns. Notably:
- Grayscale Bitcoin Trust (GBTC) saw outflows of $25.2 million.
- ARK 21Shares Bitcoin ETF had outflows of $21.8 million.
- Bitwise Bitcoin ETF recorded $17.9 million in outflows.
Despite the market's challenges, Santiment noted Bitcoin's resilience amid tariff risks, suggesting that the cryptocurrency remains stable despite economic uncertainties.
BTC Price Outlook: Bearish and Bullish Scenarios
On April 4, BTC closed at $83,828, with potential scenarios:
- Bearish: Trade tensions and economic factors could drag BTC toward $70,000.
- Bullish: Positive economic indicators could lift BTC toward $109,312.
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