Jun. 19, 2025
I am writing as a member of the public and a digital asset investor to express my strong support for the approval of a spot XRP exchange-traded fund (ETF). The approval of such a product would mark a significant and long-overdue step toward expanding regulated investment access and transparency within the digital asset markets. XRP has been actively traded for over a decade and is one of the most liquid and widely held digital assets globally. The asset has proven resilience and utility, particularly in the areas of cross-border payments and financial infrastructure. Providing institutional and retail investors with a transparent, regulated vehicle like an ETF will help reduce reliance on offshore and unregulated exchanges, improve price discovery, and foster safer participation in this emerging asset class. The SEC has previously acknowledged the need for investor protection and market integrity in digital assets. A regulated XRP ETF would do just that—offering custodial safeguards, enhanced compliance measures, and improved access for investors who are otherwise exposed to higher risks through unregulated platforms. I respectfully urge the Commission to take into account the maturity of the XRP market, the availability of surveillance-sharing agreements with major exchanges, and the growing demand for secure and transparent investment vehicles in digital assets. Thank you for your time and consideration.