Expectations are rising for the approval of an XRP exchange-traded fund (ETF) in the United States.

And one example of this is that Google searches for “ XRP ETF” are at an all-time high, suggesting that there is unprecedented enthusiasm for the arrival of these financial instruments on Wall Street.

Google's search engine, the most used globally, works as a metric to measure the popularity of a currency, in this case XRP.

There is widespread euphoria over an XRP ETF, according to Google Trends. Source: Google Trends.

Now, how likely is it that a Ripple cryptocurrency fund will be launched? According to Bloomberg Intelligence analysts Eric Balchunas and James Seyffart, one of the next cryptocurrencies to have its own ETF is XRP.

“Our official altcoin ETF approval odds are out of the question. LTC leads with a 90% chance, followed by DOGE, followed by SOL and XRP,” Balchunas detailed.

To date, asset managers Grayscale, Bitwise, Canary Capital Group, 21Shares, and WisdomTree have filed their respective applications with the U.S. Securities and Exchange Commission (SEC).  

The approval of these regulated products will give the asset greater visibility among more traditional investors, in addition to attracting greater liquidity to the Ripple Labs ecosystem.

Another thing to keep in mind is that ETFs simplify the entry of corporate and business capital , since their operation is very similar to purchasing a traditional stock.