XRP ETF Approvals Gain Momentum as SEC Review Intensifies

Seven applications for Ripple XRP ETFs are currently pending with the U.S. Securities and Exchange Commission (SEC), and additional information was submitted for all of them over the weekend. Experts see this as a sign of approval.

Ripple has been hoping for months that its cryptocurrency XRP will make the leap to traditional exchanges in the form of ETFs. Now, a small detail has improved the prospects for XRP ETFs. Bloomberg expert James Seyffart points out via X that updates have been submitted to the U.S. Securities and Exchange Commission (SEC) for seven applications for XRP ETFs. “A good sign, albeit largely expected,” writes Seyffart.

Together with his colleague Eric Balchunas, he raised the prospects for XRP ETFs in 2025 to 95 percent in July. The two experts cited October 17th as an important date, as that is the SEC’s deadline for evaluating XRP ETFs. The latest amendments to the applications incorporate the improvements for crypto ETFs that the SEC approved at the end of July. Now, crypto ETFs can be settled not only in US dollars, but also based on the underlying cryptocurrency, such as XRP (Ripple).

BlackRock apparently does not plan an XRP ETF

Seven asset managers, Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree, are officially interested in issuing XRP ETFs. They already have experience with Bitcoin and Ethereum ETFs. Observers note that BlackRock, in particular, has not yet applied for an XRP ETF, even though BlackRock’s Bitcoin ETFs, like those for Ethereum, are market leaders. Reportedly, BlackRock doubts that XRP ETFs will generate significant demand.

XRP, with a market capitalization of just over $170 billion, is the world’s third-largest cryptocurrency and was developed by Ripple. JPMorgan has forecast that XRP ETFs could generate capital inflows of between $4 billion and $8 billion in their first year. If such momentum develops, this is likely to be reflected in the Ripple price curve.

Conclusion: Will XRP open the crypto ETF fall in the US?

Behind the scenes, the SEC appears to be preparing to standardize approval procedures for crypto ETFs. Besides XRP, other altcoins such as Cardano, Litecoin, and Dogecoin are also in the ETF starting blocks.

Bloomberg expects a wave of debuts this year. Whether we’ll have to wait until October for XRP ETFs or whether the SEC will bring forward its decisions remains a mystery even to experts. The SEC has at least restructured its relationship with Ripple when a long-standing legal dispute over XP was settled a few weeks ago.

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