Currently, the US Securities and Exchange Commission (SEC) is reviewing several applications for XRP-based ETFs. The situation is changing in light of the recent dismissal of the lawsuit against Ripple, which increases the chances of approval for these applications.
List of XRP ETF Applications
The SEC is currently considering the following XRP ETF applications:
1. **ProShares Ultra XRP ETF** - Application filed on January 17, 2025, approved for listing on NYSE Arca in mid-July 2025. Launched on July 18, 2025, providing 2x leveraged exposure to XRP futures.
2. **Grayscale XRP ETF** - Application filed on November 21, 2024, to convert its XRP Trust into an ETF. Final decision expected on October 18, 2025.
3. **21Shares XRP ETF** - Application filed on November 21, 2024. The SEC acknowledged the application on February 19, with a decision expected on October 19, 2025.
4. **Bitwise** - Application filed on December 2, 2024, to launch a spot XRP ETF. Decision expected on October 20, 2025.
5. **Canary Capital** - Application filed on October 8, 2024. Decision to be made on October 24, 2025.
6. **WisdomTree** - Application filed on December 2, 2024, with a decision expected on October 25, 2025.
7. **Franklin Templeton** - Application filed in March to provide a regulated investment vehicle holding XRP tokens directly. Expected approval deadline is October 25, 2025.
8. **CoinShares** - Application filed on January 24, 2025, for a spot XRP ETF, with a decision expected on October 25, 2025.
9. **RexShares Rex-Osprey** - Application filed on January 21, 2025; decision initially expected on July 25, but pending further review.
10. **Volatility Shares XRP ETF** - Application filed on May 21, 2025, for both a 1x and 2x XRP futures ETF, with timelines delayed.
The Future of XRP ETFs
According to a recent interview with Nate Geraci, President of NovaDius Wealth Management, a standardized crypto framework is expected to be released soon, which will regulate the issuance of various XRP ETFs. Geraci stated, "If that happens, we’re going to see a wave of approvals, and you’re going to see a boatload of new crypto ETFs coming to market."
Frequently Asked Questions
1. **How many XRP ETF applications are pending with the SEC?** Eight major XRP ETF filings are awaiting SEC decisions, with deadlines in October 2025.
2. **What does Ripple’s lawsuit dismissal mean for XRP ETFs?** The lawsuit dismissal improves odds of SEC approval by providing long-awaited regulatory clarity.
3. **Could multiple XRP ETFs launch in 2025?** Yes, experts expect a wave of spot and futures XRP ETF approvals between October and December 2025.
In conclusion, with increasing regulatory clarity and the expected approval of XRP ETF applications, the future of the ETF market could become quite dynamic.
