As Ripple‘s legal battle approaches its conclusion, excitement is brewing around the spot ETF applications for XRP. The U.S. Securities and Exchange Commission (SEC) has made noteworthy strides in its regulatory reviews, with numerous applications clearing preliminary scrutiny. Market experts and crypto enthusiasts believe these developments herald a pivotal moment for XRP, with predictions suggesting that nine ETF applications could receive approval by 2025. This optimism is fueled by surging market interest and a spike in trading volumes.
How Are Approval Stages Progressing?
Sources indicate that nine ETF applications have successfully passed initial SEC reviews and are now under intensive evaluation. The analytics platform All Things XRP notes that the favorable assessments of these applications are garnering significant attention in the markets.
All Things XRP also mentions that these ETF applications have received formal acknowledgment from the SEC, each with its own timeline for review. This development heightens anticipation among investors and impacts market activity. The rising trading volume within the XRP community suggests that the SEC’s evaluation process may be speeding up.
What Are the Expected Approval Timelines?
Key firms involved in XRP ETF applications, such as Bitwise, Canary Capital, 21Shares, and Grayscale, are generating buzz with their expected approval dates. Bitwise’s application is anticipated to be approved by May 18, 2025, while Grayscale’s is projected for May 21, and those from Canary Capital and 21Shares may be finalized by May 22.
Additionally, WisdomTree and CoinShares are also making headway, with expected approval timelines in July and August 2025, respectively. The SEC has officially recognized and included these applications in its review process.
Institutional applications from ProShares, Volatility Shares, and Franklin Templeton, submitted earlier this year, are also in the pipeline, with approval anticipated between November and December 2025.
The mounting interest in XRP ETF applications is drawing attention from both retail and institutional investors. Many expect that the SEC’s meticulous review process will bolster confidence in the market.
- Nine ETF applications are progressing through the SEC with initial approvals.
- Prominent firms have set timelines for upcoming approvals in mid to late 2025.
- Growing interest from both retail and institutional investors may strengthen XRP’s position.
Completion of these approvals by late 2025 could significantly enhance XRP’s stature as an asset within institutional investment frameworks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/will-xrp-etf-applications-transform-the-market