The U.S. Securities and Exchange Commission (SEC) is working through a crowded pipeline of XRP ETF applications, with several high-profile issuers awaiting decisions in the coming months.
The momentum follows Ripple’s legal victory in August, which cleared major regulatory hurdles and restored optimism around institutional adoption of XRP.
First XRP ETF Already Live
ProShares became the first mover, winning SEC approval in July for its Ultra XRP ETF. Launched on the NYSE Arca on July 18, the fund provides 2x leveraged exposure to XRP futures, marking a historic milestone for the asset.
Wave of Spot ETF Applications
A flood of spot XRP ETFs now awaits final judgment. Grayscale is seeking to convert its XRP Trust into an ETF, with a decision deadline set for October 18, 2025. Just a day later, the SEC must rule on 21Shares’ Core XRP Trust, followed by Bitwise on October 20.
The schedule continues with Canary Capital’s filing due October 24, WisdomTree on October 25, and both Franklin Templeton and CoinShares on the same date. Each of these proposals seeks to provide direct, regulated exposure to XRP, mirroring the structure of Bitcoin and Ethereum spot ETFs approved in prior years.
Additional Filings Still in Limbo
Other issuers are also waiting in line. RexShares, in partnership with Osprey, submitted an XRP ETF proposal earlier this year, though its July 25 deadline was delayed. Meanwhile, Volatility Shares is seeking approval for both a 1x XRP futures ETF and a 2x leveraged product, though its review timeline was similarly pushed back.
What Comes Next
Industry observers believe the SEC will eventually issue a standardized framework to handle the wave of crypto ETF proposals. Nate Geraci, president of NovaDius Wealth Management, recently told CNBC he expects such a framework to cover XRP alongside other major assets like Solana, Cardano, and HBAR, helping bring clarity to a rapidly expanding market.
With so many applications converging on late October deadlines, the SEC’s rulings could determine whether XRP follows Bitcoin and Ethereum into the mainstream ETF era — or faces further delays that prolong uncertainty.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-etf-countdown-all-filings-final-deadlines-and-market-outlook/