Which XRP ETFs Are Closest To The SEC Approval In 2025

The crypto world is watching XRP ETFs closely. On April 16, 2025, XRP’s price hit $2.05, climbing just 1% in seven days, driven by big investors eyeing regulated funds.

Nine firms, which handle billions in assets, want to launch XRP exchange-traded funds. The U.S. Securities and Exchange Commission (SEC) is digging into their paperwork.

This piece explores which funds might get the green light soon based on filing dates and expert takes. The SEC’s decisions could cement XRP’s place in traditional markets.

XRP ETFs: Who is in the Game?

Nine companies pushing for XRP ETFs are Bitwise, Canary Capital, 21Shares, Grayscale, WisdomTree, CoinShares, ProShares, Volatility Shares, and Franklin Templeton.

These companies filed XRP ETF applications between October 2024 and March 2025. The SEC has officially noted all nine, starting clocks on reviews that can last 240 days.

Bitwise kicked things off on October 2, 2024. Bloomberg’s Eric Balchunas and James Seyffart see a 75% chance of approvals this year. They are pointing to Bitcoin ETFs holding $95 billion as of March 12, 2025.

May 2025: The Early Favorites

Four XRP ETFs are on track for May 2025 decisions. Bitwise filed on October 2, 2024, and got the SEC acknowledgment on February 18, 2025. It is aiming for approval by May 18, 2025.

Grayscale wants to turn its $16.1 million XRP Trust into an ETF. It filed on January 30, 2025, with the SEC recognition on February 14, 2025, and expects a nod by May 21, 2025.

Canary Capital and 21Shares, filing on October 8 and November 1, 2024, got SEC confirmations by February 18 and 14, 2025. Both target between May 19-22, 2025.

All Things XRP, an influential X account, says these four are likely to lead, giving XRP a regulated boost.

Summer 2025: The Next Wave

WisdomTree and CoinShares are up next. WisdomTree filed on December 2, 2024, and the SEC acknowledged it on February 19, 2025. It’s gunning for July 2025.

CoinShares filed on January 24, 2025, with SEC recognition on February 19, 2025, and hopes for August 2025. According to All Things XRP, those dates are crucial, noting CoinShares’ plan to list on Nasdaq.

Late 2025: The Long Shots

Three firms face later timelines. ProShares filed on January 17, 2025, with SEC’s recognition on March 3, 2025, targeting November 2025.

Volatility Shares filed the application on March 7, 2025, and was acknowledged on March 24, 2025. It is aiming for December 2025. Franklin Templeton filed its application on March 11, 2025, and was recognized on March 27, 2025. It also expects a December green light, according to experts.

Another source noted on March 11, 2025, that Franklin uses Coinbase Custody. All Things XRP predicted that all nine will clear by December 2025.

What Next for XRP ETFs?

XRP ETFs follow Bitcoin and Ethereum funds, which set the stage. On March 12, 2025, Vincent Van Code predicted approvals by May 22, 2025.

Attorney Jeremy Hogan, in the same piece, links approvals to the Ripple-SEC lawsuit wrapping up by April 2025. An X user @TheXRP_guy posted on February 21, 2025, about six filings moving forward. On March 11, 2025, the SEC pushed Grayscale and Canary decisions to May 2025.

XRP ETFs could open doors for big investors. The nine firms, managing $40 billion to $15 trillion, are betting on XRP. However, without a futures market, unlike Bitcoin, the SEC’s job is trickier. May 2025 could be a turning point for XRP in mainstream finance.

As reported by The Coin Republic, JPMorgan analysts believe Solana (SOL) and XRP ETFs could attract up to $8 billion in investments. VanEck’s Head of Digital Assets Research, Matthew Sigel, shared this view in an X post.