While everyone is waiting for the approval of XRP Spot ETF, another positive development has occurred for XRP!

According to cryptocurrency journalist Eleonora Terrett, another positive development occurred for Ripple (XRP) before the launch of ETF.
According to Fox Business journalist Eleanor Terrett, accredited investors will soon have a new way to feel the impact of XRP without directly buying the coin.
Recently, Terrett announced that XRP deposit tickets can be purchased through RDC and Digital Wealth Partners. This structure is similar to American depositary receipts (ADRs), which represent shares of foreign companies, and allows investors to be exposed to the asset without directly trading on cryptocurrency exchanges.
Terrer explained that XRP DRs are very similar to ETFs traded on the stock exchange and provide an alternative to investors who want to access XRP through traditional financial channels, known as TradFi, stating that the receipts will be held by Anchorage Digital, a federally authorized bank regulated by the Office of the Comptroller of the Currency (OCC) (.
"In short, this is another way to connect TradFi and DeFi," Terett said.
The issuance of XRP DRs may increase institutional adoption of XRP by providing a regulatory compliant investment vehicle for companies and high-net-worth individuals. However, while applications have been made for XRP Spot ETFs, it is unknown whether the SEC will approve these applications under new leadership.
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