The approval process for multiple cryptocurrency exchange-traded funds (ETFs) is gaining attention, with the U.S. Securities and Exchange Commission (SEC) currently reviewing over 70 spot-based crypto ETF proposals. Among these are several applications centered around XRP, a digital asset whose community has remained vocal and engaged in anticipation of regulatory clarity.
Rising Institutional Interest in XRP ETFs
A growing number of asset management firms are seeking approval to launch spot XRP ETFs. More than 10 companies have filed applications with the SEC, including well-known names such as Grayscale, 21Shares, Bitwise, WisdomTree, CoinShares, Canary, ProShares, and Franklin Templeton. Simultaneously, exchanges like NYSE Arca and Cboe have submitted the necessary 19b-4 forms to facilitate the listing and trading of these funds upon regulatory approval.
The SEC’s acknowledgment of these applications triggered the beginning of the formal review period, during which the Commission is legally required to decide within 240 days. In recent weeks, community discussions have intensified around whether the SEC will give XRP ETFs the green light in 2025.
Specific Deadlines for SEC Action
The final deadlines for decisions on several XRP ETF filings were recently highlighted by a prominent XRP advocate known as GA Spark. According to a detailed breakdown provided by the community figure, Grayscale’s application to transform its XRP Trust into a spot ETF must be resolved by October 18, 2025.
Additional deadlines include October 19 for the 21Shares XRP ETF, October 20 for Bitwise, October 24 for Canary, and October 25 for the filings submitted by WisdomTree, CoinShares, and Franklin. These dates represent the end of the SEC’s decision window for each application, although the Commission may issue rulings earlier.
It’s worth noting that the SEC has previously chosen to announce decisions on multiple crypto ETFs at once, as was the case with recent approvals for Bitcoin and Ethereum spot-based funds.
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Community Sentiment and Market Expectations
Investor sentiment within the XRP community remains largely hopeful. A prediction market on Polymarket currently shows a 79% probability of XRP ETF approval occurring before the end of 2025. However, the likelihood of approval by July 31 has recently decreased, now standing at 43%—a 10% drop compared to the previous day.
Much of the optimism is driven by the belief that the SEC’s posture toward digital assets has gradually become more receptive under the current administration. Proponents argue that approving an XRP ETF would further align regulatory oversight with growing institutional demand.
XRP ETF applications are part of a wider wave of crypto-related proposals awaiting regulatory verdicts. Bloomberg ETF analyst Eric Balchunas recently confirmed that the SEC is evaluating 72 spot-based cryptocurrency ETFs, some of which involve assets like Solana, Dogecoin, Cardano, Litecoin, and even a fund linked to the “Official Melania Meme Coin.”
With increasing interest from traditional finance players and clearer deadlines established, the remainder of 2025 is expected to be promising for XRP ETF prospects and broader crypto ETF approvals in the U.S.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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