Valour, a publicly traded company backed by DeFi Technologies, has announced the launch of a new XRP Exchange Traded Product (ETP) in December 2023. This comes as part of a growing trend of multiple XRP ETPs being introduced into the market. The introduction of these ETPs is expected to bring in significant institutional inflows and drive the adoption of XRP, potentially pushing its price upwards. One example of a successful XRP ETP is the AXRP ETP issued by 21 Shares, which has recorded $49 million in assets and a year-to-date return of +69%. Valour’s upcoming ETP is generating interest among crypto investors who are closely monitoring the market for potential gains. Additionally, the anticipated launch of Ripple’s IPO and the resolution of the lawsuit with the SEC are events that could further impact the price of XRP. Overall, the introduction of ETPs and other developments in the XRP market are seen as positive developments for the community and the broader crypto space.