XRP ETF global interest spikes 730%

Key Points

1. Google search data shows a 733% increase in 'XRP ETF' searches over the past month, with Canada leading the search activity, followed by the US and South Korea.

2. The spike in interest is linked to speculation that the conclusion of Ripple's legal battle with the SEC could facilitate the approval of an XRP ETF.

3. Bloomberg Senior ETF Analyst Eric Balchunas maintains a 95% probability of XRP ETF approval by 2025, while Nate Geraci of The ETF Store believes major asset managers like BlackRock are likely to file for an XRP spot ETF.

4. The world’s first spot XRP ETF, issued by Hashdex in Brazil, gained nearly 7% in its last session and over 40% since its launch.

5. XRP's price dropped almost 4% in the last 24 hours but has rallied over the past week, with potential ETF approval possibly driving capital inflows and targeting new highs around $5.