Dan Tapiero, the founder of 10T Holdings, recently commented on the immense anticipation around the launch of spot XRP ETFs in the United States.
Tapiero made this disclosure during a recent interview. A popular XRP community figure known by the pseudonym ‘SMQKE’ shared an excerpt of Tapiero’s remark, particularly focusing on his XRP ETF commentary.
“There are quite a few people anticipating the XRP ETF.”🎯
Listen.👂 pic.twitter.com/0QeECE7Ii2
— SMQKE (@SMQKEDQG) April 30, 2025
Why Investors Are Anticipating XRP ETF
According to Tapiero, many investors are looking forward to the launch of the XRP ETF because it is ‘Made in America.’ His reasoning stems from the fact that XRP is closely affiliated with Ripple, a crypto payments company headquartered in San Francisco.
XRP’s affiliation with Ripple makes many, like Tapiero, believe it is homegrown compared to Bitcoin and Ethereum, which many consider offshore assets. In Tapiero’s view, XRP’s domestic pedigree makes it attractive to investors looking to invest in ‘Made in America’ financial instruments, including an ETF.
As a result, the founder of 10T Holdings suggests that many people are anticipating the launch of XRP ETFs.
Current Status of XRP ETF
For context, the SEC is still reviewing 11 applications for spot XRP ETFs. The regulator recently postponed its decision on Franklin Templeton’s XRP ETF filing, which is now due next month.
Nonetheless, Bloomberg ETF analyst James Seyffart suggests that the SEC has a final deadline of October 17 to decide whether to approve the multiple XRP ETF applications on its desk.
In the meantime, optimism remains high that at least one XRP ETF will be approved this year. Specifically, Bloomberg experts set its chances at 85%.
This optimism is due to multiple factors, including the potential resolution of the Ripple lawsuit, XRP’s non-security classification, and its regulated futures product.
Tapiero Respects XRP’s Survival Ability
Further, Tapiero noted that even though he is not a big fan of XRP, he still respects the coin’s ability to survive. It is common knowledge that XRP ensured a lengthy legal tussle between the SEC and Ripple, which commenced in late 2020.
During the peak of the lawsuit, the coin lost a significant chunk of its value, especially as several U.S. trading platforms like Coinbase delisted it.
However, these platforms re-listed XRP in July 2023 after a New York federal judge declared XRP a non-security. Despite this, XRP’s price still struggled until after the 2024 U.S. election, which led to the emergence of pro-crypto advocate Donald Trump as President.
At the time, the news of the former SEC chairman resigning and a potential resolution of the lawsuit against Ripple led to the massive XRP price spike. Specifically, the coin hit $3.34 on January 20, the same day Gary Gensler resigned.
Although XRP has plunged 34.43% to $2.19, market watchers still expect remarkable surges to lofty targets this year. This projection is due to the positive developments surrounding XRP. They include its potential inclusion in the U.S. crypto stockpile and the imminent resolution of the Ripple lawsuit.
10T Holdings Founder Praises Ripple CEO
Meanwhile, the 10T Holdings founder praised Ripple’s CEO, Brad Garlinghouse, for his ‘hard work’ on behalf of the broader crypto industry. Tapiero particularly cited his pushback on the Gary Gensler-led SEC’s enforcement stance.
He also commended the Ripple CEO for cultivating relationships with President Trump before and after the election. The relationship likely helped soften the crypto industry’s regulatory challenges and opened the road for ETF approval.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
