**Crypto ETFs: The Next Big Thing?**

The launch of the first cryptocurrency-based ETFs in the US has investors buzzing about the next digital asset trading product. Tim McCourt, CME Group's senior managing director, hinted at the potential for an XRP ETF during Ripple Swell 2024. He noted that having an XRP reference rate and real-time index is a crucial first step.

Recently, Canary Capital filed the second application for an XRP ETF with the SEC, following Bitwise Asset Management. The introduction of Bitcoin and Ether ETFs has already accelerated the crypto industry's growth, with significant trading volume increases.

While XRP's price has lagged, rising just 8% over the past year compared to Bitcoin's 154% surge, the potential for an XRP or Solana ETF could be a game-changer. Brazil's approval of a Solana ETF has set a precedent, and experts believe a US-based Solana ETF could significantly boost its price if approved.

Stay tuned as the crypto ETF landscape continues to evolve!