Ripple Prime Expands Into Leveraged ETF Financing
Ripple Prime is expanding into leveraged ETF financing, taking on a role traditionally dominated by major Wall Street banks. The business grew from Ripple’s $1.25 billion acquisition of prime brokerage Hidden Road, which was renamed Ripple Prime after the deal closed in October 2025. Ripple Prime launched its Delta One business in August and has also expanded brokerage, clearing and financing services for hedge fund manager Brevan Howard.
Neutral
The expansion could strengthen Ripple Prime’s institutional business, but the reported financing activity does not establish that XRP or RLUSD is used in the transactions. That makes a direct positive effect on XRP’s price difficult to infer. The latest summary reported XRP near $1.40, down more than 5% over 24 hours, with technical indicators leaning bearish; however, those signals are not evidence that the ETF financing news caused the decline. In the short term, traders may focus more on XRP’s momentum and broader market conditions. Over the longer term, growth in Ripple’s brokerage and financing businesses could improve the company’s commercial profile, but any effect on XRP would depend on demonstrable links between those services and demand for the token. Leveraged ETFs also carry daily-reset and volatility risks, which could expose financing providers to losses, but this risk does not by itself imply a specific direction for XRP.