- The U.S. SEC will decide on six applications for spot XRP ETFs between October 18 and October 24.
- Applicants include Grayscale, 21Shares, Bitwise, CanaryCapital, CoinShares, and WisdomTree.
- New SEC listing standards introduced on September 17 aim to streamline approval for crypto-based ETFs.
- The likelihood of at least one XRP ETF gaining approval this year is reported as high by the source.
- An SEC approval could lead to significant institutional investment in XRP, but price growth is not guaranteed.
The U.S. Securities and Exchange Commission (SEC) is set to review and announce decisions on six applications for spot XRP exchange-traded funds (ETFs) in the window of October 18 to October 24. The filings have been submitted by Grayscale, 21Shares, Bitwise, CanaryCapital, CoinShares, and WisdomTree. If approved, these would mark the first spot XRP ETFs in the United States.
On September 17, the SEC put in place new, broader listing standards for commodity-based trust shares. This change is intended to make the ETF approval process more efficient and to encourage innovation. The shift aligns with the SEC’s recent support for cryptocurrency initiatives under President Trump’s administration.
The source states there is a strong possibility for at least one spot XRP ETF to receive approval this year. SEC Chair Paul Atkins has said he wants to advance the crypto sector in the U.S. President Trump also shared his goal of making the country a leader in cryptocurrency. The article notes that XRP, as a U.S.-based crypto project, could benefit from this outlook. It also mentions that Brad Garlinghouse, CEO of Ripple, attended a dinner with the President earlier in the year.
The approval of an ETF could open the door for a large influx of institutional money into XRP. The article points out that previous approvals for Bitcoin and Ethereum ETFs have resulted in record-high prices for those assets. However, it cautions that delays or denials remain possible, which could impact XRP’s price. Additionally, current economic conditions remain uncertain, which may affect the overall impact of an ETF approval on the XRP market.
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