While the XRP community continues to wait on important updates surrounding the project, a new important deadline has been revealed for a potential ETF decision. Grayscale’s proposed XRP exchange-traded fund (ETF) has officially been published in the Federal Register, marking a significant step in the regulatory review process.
With this filing, the U.S. Securities and Exchange Commission (SEC) is now required to decide on the product by October 18. However, the regulatory agency has the option to announce its ruling ahead of the deadline.
The SEC has already acknowledged multiple XRP ETF proposals, fueling speculation about the likelihood of approval. Based on the latest developments, the probability of an XRP ETF getting the green light in 2025 has surged to 81%, reflecting the market’s growing anticipation.
This follows a string of filings related to spot Solana ETFs, with applications from major financial firms such as Grayscale, VanEck, Canary Capital, and Bitwise also included in the Federal Register. The SEC is required to decide on these proposals by October 16.
Also Read: Canary Capital’s Spot Litecoin ETF Appears on DTCC Website, Signaling Possible Institutional Demand
Increasing Optimism Over Cryptocurrency ETFs
The inclusion of these ETF proposals in the Federal Register indicates the SEC’s willingness to engage with digital asset products, which is a notable shift in the regulatory landscape.
Market analysts suggest that increasing ETF applications and the growing institutional interest in cryptocurrencies could influence the SEC’s stance on these investment vehicles.
The push for an XRP ETF comes after the broader acceptance of spot Bitcoin ETFs, which have seen substantial inflows since their approval. This shift in the market has strengthened the argument that additional cryptocurrency-based ETFs should be considered.
The potential approval of an XRP ETF would represent a major development for the crypto market, providing investors with regulated exposure to the digital asset.
While regulatory uncertainty remains a challenge, the recent wave of ETF filings indicates a growing effort from financial firms to secure approval. Investors and market participants will closely watch the SEC’s final decision and the set date, which could set a precedent for future digital asset ETFs.
Conclusion
The SEC’s upcoming ruling on Grayscale’s XRP ETF will be a key moment for the cryptocurrency industry. With an October 18 deadline, the market awaits further regulatory clarity on whether the product will be approved.
The growing number of ETF applications suggests an evolving regulatory environment with potential implications for the broader digital asset market.
Also Read: SEC Latest Move Sparks Speculation Over Ripple (XRP) Lawsuit, Here is What Happened
