As regulatory deadlines fast approach, a wave of institutional momentum is building behind the potential approval of a spot XRP exchange-traded fund (ETF) in the U.S.. The U.S. Securities and Exchange Commission (SEC) now faces growing scrutiny from the XRP community and market observers, with more than ten asset managers actively pursuing approval for spot-based XRP ETFs.
Institutional Interest Accelerates
In a significant show of confidence, firms including Grayscale, 21Shares, Bitwise, Canary, WisdomTree, CoinShares, and Franklin have all filed S-1 registration statements with the SEC. Their objective is clear: to gain regulatory approval to offer spot XRP ETFs to U.S. investors.
Backing these efforts, major stock exchanges such as NYSE Arca and Cboe have also submitted corresponding 19b-4 filings to list and trade the proposed ETFs. This wave of applications represents the most coordinated institutional push to date for the launch of XRP-backed investment products.
Final SEC Deadlines Revealed
Although the SEC has acknowledged the filings, it has yet to issue approvals. In recent weeks, the agency postponed its April 13 decisions for applications from VanEck, ProShares, Tuttle Capital, and REX-Osprey.
Now, according to XRP community member and analyst “GA Spark,” the commission must issue its final rulings by specific statutory deadlines. Based on the 240-day timeline from each acknowledgment date:
Grayscale must receive a decision by October 18, 2025, 21Shares by October 19, Bitwise by October 20, Canary by October 24, while WisdomTree, CoinShares, and Franklin must receive approval by October 25
🚨 XRP ETF COUNTDOWN IS ON 🚨
Big names. Bold moves.Final deadlines are locked.
Will 2025 be the year XRP enters Wall Street’s elite?#XRP #Ripple #CryptoETF #CryptoNews #XRPArmy https://t.co/waN23MSwfn pic.twitter.com/5nu4qZPcEP
— GA Spark (@1themoonshoott) April 21, 2025
These dates mark the end of the review period, although the SEC could approve any of the filings earlier, as it did in January 2024 with multiple spot Bitcoin ETFs.
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Growing Optimism Among Investors
Despite regulatory uncertainty, market sentiment remains upbeat. According to the prediction market platform Polymarket, there is currently a 79% probability that an XRP ETF will be approved by the end of 2025. However, near-term optimism has dipped slightly, with odds for a July 31 approval falling to 43%, down 10% from the previous day.
Much of the optimism stems from perceived changes in the SEC’s approach under its current leadership, which appears more open to embracing the broader crypto sector than in past administrations.
Part of a Larger Crypto ETF Pipeline
XRP is among 72 spot-based crypto ETF filings now sitting before the SEC. According to Bloomberg ETF analyst Eric Balchunas, the regulator is also considering products based on Solana, Cardano, Dogecoin, Litecoin, and even tokens linked to high-profile personalities, such as the “Official Melania” meme coin.
As the ETF race heats up, XRP’s regulatory clarity and growing institutional backing place it firmly among the frontrunners.
With October deadlines approaching and the SEC under pressure to provide clarity, all eyes are on how the regulator will handle the flood of XRP ETF applications. Whether a decision comes early or at the final hour, the implications for XRP and the broader crypto market could be transformative.
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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