Dan Tapiero, the founder of 10T Holdings, has shed light on the growing anticipation surrounding the approval of a spot XRP ($2.02) ETF in the United States. During a recent interview, Tapiero provided insights into why investors nationwide are closely monitoring XRP’s regulatory journey and why they view the potential ETF as uniquely promising.

X user @SMQKE, a well-known voice in the XRP community, shared a video clip of Tapiero’s remarks, bringing fresh attention to the discussion around an XRP exchange-traded fund.

XRP’s Appeal: “Made in America” Advantage

According to Tapiero, one key reason investors are eagerly awaiting an XRP ETF is its “Made in America” identity. Unlike Bitcoin and Ethereum, both of which many perceive as offshore-based protocols, XRP is closely linked to Ripple, a crypto payments firm headquartered in San Francisco.

This American connection, Tapiero explained, makes XRP especially attractive to U.S. investors who are keen to support and hold domestic financial instruments. In his words, XRP feels like a homegrown asset, which increases its appeal in a politically charged environment where national economic interests are under sharp scrutiny.

As a result, Tapiero believes the community’s anticipation for an XRP ETF stems not only from price speculation but from a desire to support a crypto asset with strong U.S. ties.

Current Status: Will the SEC Approve the XRP ETF?

While no spot XRP ETF has yet been approved, the U.S. Securities and Exchange Commission (SEC) is currently reviewing 11 applications. The agency recently delayed a decision on Franklin Templeton’s filing, pushing the following expected response to next month.

However, Bloomberg ETF analyst James Seyffart suggests that the SEC has a final deadline of October 17 to make its decisions. Despite the delay, optimism remains high. Bloomberg estimates an 85% chance that at least one XRP ETF will gain approval in 2025.

Several key developments bolster this confidence:

• A likely resolution in the Ripple vs. SEC lawsuit
  
• XRP’s classification as a non-security
  
• The existence of a regulated XRP futures product
  

Tapiero on XRP’s Resilience and Legal Battle

Though Tapiero admitted he isn’t the biggest fan of XRP, he still respects its resilience. He pointed to XRP’s survival through an intense legal battle with the SEC, one that began in late 2020. During that period, many U.S. exchanges, including Coinbase, delisted XRP, resulting in significant price losses.

However, the tide turned in July 2023 when a federal judge ruled that XRP is not a security, prompting exchanges to relist the token. XRP’s price, although slow to recover, experienced a significant surge in January 2024, reaching $3.34 following the resignation of SEC Chair Gary Gensler and the pro-crypto election victory of Donald Trump.

Today, despite a retracement to $2.19, market watchers continue to forecast significant growth for XRP in 2025, largely due to improving sentiment and potential catalysts related to an ETF.

Related article: Ripple CEO Predicts End of SWIFT as XRP Gains Momentum

Ripple CEO Praised for Leadership

Tapiero also took a moment to praise Ripple CEO Brad Garlinghouse for his leadership during turbulent regulatory times. He applauded Garlinghouse’s opposition to the SEC’s enforcement-heavy approach and credited him for building political ties with the Trump administration, both before and after the 2024 election.

Tapiero believes this outreach may have played a crucial role in shaping a more favourable crypto regulatory environment, which could soon lead to the approval of XRP-based ETFs.

The post 10T Holdings Founder Explains Why Investors Are Betting Big on a U.S. XRP ETF appeared first on FXcrypto News.