The XRP community is closely watching a key regulatory deadline that could determine the fate of an exchange-traded fund (ETF) based on XRP. The U.S. Securities and Exchange Commission (SEC) has officially entered Grayscale’s XRP ETF proposal into the Federal Register, signaling the next step in the review process.
With this update, the SEC is now obligated to announce a decision by October 18. However, the regulator retains the option to approve or reject the application sooner if it deems it necessary.
Could an XRP ETF Finally Get Approved?
As multiple XRP ETF proposals gain regulatory recognition, speculation has intensified about whether approval is on the horizon. Market projections indicate that the chances of an XRP ETF launching in 2025 have climbed to 81%, reflecting growing confidence among investors.
This development follows a flurry of ETF applications for Solana, with Grayscale, VanEck, Canary Capital, and Bitwise all submitting proposals for spot ETFs. The SEC has scheduled decisions on these filings for October 16, making it a pivotal month for cryptocurrency ETFs.
Institutional Demand for Crypto ETFs on the Rise
The inclusion of multiple crypto ETF applications in the Federal Register highlights the increasing interest from institutional investors and financial firms. Analysts believe this surge in demand may influence the SEC’s stance on digital asset investment products.
The growing push for an XRP ETF follows the successful launch of spot Bitcoin ETFs, which have attracted significant investor capital since receiving regulatory approval. This momentum has strengthened the case for expanding regulated cryptocurrency ETFs, providing more accessible options for investors seeking exposure to digital assets.
If the XRP ETF gains approval, it would mark a major milestone for the crypto industry, potentially encouraging further institutional adoption. However, regulatory challenges remain, and it is still uncertain how the SEC will handle these applications in the long run.
Conclusion
The SEC’s final decision on Grayscale’s XRP ETF, expected by October 18, will be a turning point for the cryptocurrency market. As institutional interest continues to grow, the regulatory landscape is evolving, with crypto ETFs becoming a larger part of mainstream finance.
With multiple ETF applications under review, the SEC’s response will be closely monitored, as it could set the stage for the future of cryptocurrency-based investment products in the U.S.
Reece Conner
Reece Conner is a leading expert in the cryptocurrency industry, known for delivering cutting-edge insights and practical guidance to both newcomers and seasoned investors. With a background in finance and technology, Conner bridges the gap between complex blockchain concepts and real-world applications.