The SEC's consideration of XRP ETF approval raises significant market expectations. Let's explore the latest news and expert forecasts.
SEC Review Process
FOX Business reporter Eleanor Terrett revealed that the SEC may evaluate Grayscale's XRP ETF application on February 13, 2025. This suggests that XRP could join other cryptocurrencies like Bitcoin and Ethereum with spot ETFs. However, the ongoing lawsuit between Ripple and the SEC may influence the outcome of this process.
Legal Hurdles for XRP ETF Approval
Bloomberg analysts James Seyffart and Eric Balchunas estimate a 65% chance for a spot XRP ETF approval this year. Analysts emphasize that the approval of the XRP ETF hinges on the outcome of the case between Ripple and the SEC. Pro-XRP attorney Jeremy Hogan mentioned that the case is nearing resolution and he anticipates a quick conclusion.
Market Outlook and XRP Price Impact
Market participants speculate that the SEC's approval process could take between 8 to 12 months. Recently, Nasdaq also submitted an application for an XRP ETF. If approved, it would enable investors to invest in XRP without directly owning it, potentially increasing demand for the altcoin and driving up its price.
The XRP ETF application review process carries significant potential changes for the crypto market. Successful approval could not only strengthen XRP's position but also impact overall cryptocurrency regulation.
