The post SWF, XRP & Bitcoin ETF Rally Update appeared on BitcoinEthereumNews.com.

XRP ETF filings rise, mirroring Bitcoin’s ETF success and boosting institutional interest.   The U.S. sovereign wealth fund may invest in Bitcoin, accelerating crypto adoption.   BlackRock leads Bitcoin ETFs, helping SWFs view crypto as an inflation hedge. The crypto market has entered a new phase as talks over sovereign wealth funds (SWFs) investing in digital assets intensify. With BlackRock at the forefront of Bitcoin ETFs and XRP filings picking up steam, many wonder if a U.S. sovereign wealth fund might spark further crypto adoption and expansion. In late 2024, nine XRP ETF applications filed with the U.S. Securities and Exchange Commission (SEC) underscored rising institutional interest in the digital asset. Major asset managers such as Bitwise and WisdomTree filed early, with Grayscale and CoinShares following suit. There are currently 9 #XRP ETFs pending approval in the U.S! 🔵 Bitwise🔵 Canary🔵 21Shares🔵 Wisdomtree🔵 ProShares🔵 Rex & Osprey 🔵 CoinShares🔵 Tuttle Capital🔵 Grayscale pic.twitter.com/4bPQRUBZkD — JackTheRippler ©️ (@RippleXrpie) February 1, 2025 This surge in filings resembles the 2023 wave of Bitcoin ETF applications, which culminated in the SEC approving 11 Bitcoin spot ETFs in January 2024. As XRP tracks Bitcoin’s trajectory, market participants speculate that an approved XRP ETF might trigger similar shifts, unlocking fresh avenues for the cryptocurrency. Related: Ripple’s XRP ETF Race Gains Traction With WisdomTree’s Filing However, insider reports suggest the U.S. is set to launch a sovereign wealth fund that may include Bitcoin and other crypto assets. This move bodes well, as talks with SWFs about Bitcoin investments are progressing. BlackRock’s CEO, Larry Fink, confirmed that his firm had engaged with SWFs about directing funds to Bitcoin, spurred by concerns over inflation and fiat currency devaluation. Fink suggested these investments might drive Bitcoin’s price to new heights, with forecasts reaching up to $700,000 per coin. BlackRock’s ETF Leadership BlackRock,…

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Filed under: News - @ February 4, 2025 9:24 pm