- XRP ETF may face setback as SEC’s Crenshaw continues opposition.
- Crenshaw’s dissent blocks XRP ETF, approval odds drop sharply.
- XRP ETF approval uncertain as Crenshaw’s resistance halts progress.
XRP’s journey toward ETF approval may be facing a potential roadblock due to SEC Commissioner Caroline Crenshaw’s ongoing opposition to crypto exchange-traded products (ETPs).
This opposition has caused a sharp decline in the odds for XRP’s ETF approval, which has fallen to 65% from earlier highs of 80-90% as per Polymarket data. As the sole voice of opposition on the SEC, Crenshaw’s position may keep XRP out of the ETF market much longer.
Crenshaw’s Opposition Slows Crypto ETF Momentum
In the latest SEC votes on 13 crypto-related ETPs, including Bitcoin and Ethereum-based funds, Crenshaw voted against each proposal. This ongoing resistance raises concerns that the approval of XRP ETFs may face similar hurdles.
While many within the crypto industry have expressed optimism about XRP’s future in the ETF space, Crenshaw’s consistent objections stand as a significant barrier.
Also Read: Dogecoin’s Struggle Continues: Can It Bounce Back or Face a Bigger Crash?
She has not limited her criticism to ETFs; however, she has also criticized SEC guidance on liquid staking as being legally tenuous. Also, Crenshaw lamented that the marketing of USD-pegged stablecoins as a digital dollar is misleading to investors. These stands indicate that Crenshaw will remain a key figure in the impending authorization of crypto-related investment products.
Lone Democrat @SECGov commissioner Caroline Crenshaw is sending a clear message: she remains firmly opposed to crypto ETFs. https://t.co/NT4gCLH2k9
— Eleanor Terrett (@EleanorTerrett) August 7, 2025
Nevertheless, not all analysts are pessimistic about XRP ETFs, as Eric Balchunas at Bloomberg believes the SEC could greenlight altcoin ETPs, including XRP ETFs, because XRP now fits the SEC’s new listing standards.
These prerequisites require the tokens to have traded derivatives for at least six months, which XRP has already achieved.
Speculation Grows Over a BlackRock XRP ETF
Amid these regulatory challenges, there is growing speculation about the potential for a BlackRock XRP ETF. Maxwell Stein, BlackRock’s Director of Digital Assets, is set to speak at Ripple’s Swell 2025 conference, leading to rumors that the firm might soon file for an XRP ETF. If this happens, it could push forward the approval process, despite Crenshaw’s ongoing resistance.
With Crenshaw continuing to oppose crypto-related financial products, the future of XRP ETFs remains uncertain. The next few months will be crucial in determining whether Crenshaw’s influence can block further progress or whether the industry can overcome these regulatory challenges.
Also Read: XRP Dominates as Top Performing Crypto Asset in WisdomTree July Report
