SEC Moves to Further Review WisdomTree XRP ETF Application – Coincu

WisdomTree’s XRP ETF application entered a new phase as the U.S. Securities and Exchange Commission announced it has ended the “public comment” stage and will begin further review procedures. The anticipated decision is expected by October 2025, with no direct approval or rejection confirmed yet.

The SEC’s extended review period for the WisdomTree XRP ETF underscores regulatory caution, influencing XRP’s market position and investor sentiment. The review’s outcome is pivotal for asset managers eyeing the potential launch of similar products.

SEC’s 240-Day Review Process Intensifies

The SEC is currently reviewing multiple XRP ETF applications, including those from reputable asset managers such as WisdomTree, Grayscale, and Franklin Templeton. The review process involves scrutinizing various compliance and investor protection aspects and could last up to 240 days. Among the key actions, further review procedures are set to determine the fate of WisdomTree’s proposal, now that the public comment phase has concluded.

Changes are occurring as the SEC’s handling of these cases shows an adapted stance toward crypto-based ETFs. This development has immediate implications for XRP’s positioning in the digital asset market, reflecting the regulatory body’s commitment to ensuring a comprehensive examination without hastily approving or disapproving applications.

Market responses demonstrate cautious optimism from stakeholders, despite the extended timelines. Reactions include company statements such as Ripple CEO Brad Garlinghouse’s confidence in seeing approvals in late 2025. Brad Garlinghouse noted, “I anticipate approval in the second half of 2025, well after the SEC cleared Bitcoin and Ethereum ETFs.”

Historical Context, Price Data, and Expert Insights

Did you know? Ripple ETF applications mark a significant phase in the SEC’s gradually evolving perspective toward granting cryptocurrency ETFs, following notable approvals of Bitcoin and Ethereum ETFs in previous years.

As of May 27, 2025, XRP was trading at $2.34 with a market cap of 137,468,672,952 USD, holding a market dominance of 3.96%. Notably, it experienced a small 24-hour increase of 0.86%. Price fluctuations over the past 90 days have shown an overall increase of 4.46%, as reported by CoinMarketCap.

Insights from the Coincu research team suggest that consistent application interest in XRP ETFs, paired with evolving regulatory attitudes, could spur long-term market growth. Moreover, XRP’s market dynamics may recalibrate substantially following expected regulatory clarity, boosting overall engagement and financial activities in the sector.