As regulatory deadlines approach in the U.S., there is a surging interest in potential XRP-based ETFs. More than ten asset managers are seeking approval.
Institutional Interest Accelerates
Firms including Grayscale, 21Shares, Bitwise, Canary, WisdomTree, CoinShares, and Franklin have filed S-1 registration statements with the SEC. Their objective is to gain regulatory approval to offer XRP ETFs to U.S. investors.
Final SEC Deadlines Revealed
The SEC has acknowledged the filings but has yet to issue approvals. In recent weeks, the agency postponed decisions for applications from VanEck, ProShares, and others. According to analyst GA Spark, the final rulings from the SEC are expected by mid-October 2025.
Growing Optimism Among Investors
Despite regulatory uncertainty, market sentiment remains optimistic. The prediction market platform Polymarket indicates a 79% chance that an XRP ETF will be approved by the end of 2025. This optimism is partially attributed to perceived changes in the SEC's approach under the current leadership.
With deadlines approaching and pressure mounting on the SEC, observers will closely watch how the regulator plans to handle the influx of XRP ETF applications.
