SEC's XRP ETF Decision Looms
The US Securities and Exchange Commission (SEC) is expected to make a decision regarding XRP Exchange-Traded Funds (ETFs) soon. This follows the SEC's review of Grayscale Investment's XRP ETF application, adding to market anticipation.
Growing Anticipation for XRP ETF Approval
Recent SEC actions have increased optimism surrounding XRP ETFs. This shift in regulatory stance is seen by the community as signaling a potential approval for XRP investment products. The SEC scheduled a closed-door meeting on February 27, 2025, with discussions specifically mentioning Cboe's proposal to list and trade a Bitwise XRP ETF:
Cboe BZX Exchange, Inc. is filing with the SEC a proposed rule change to list and trade shares of the Bitwise XRP ETF.
Grayscale's XRP ETF Application Under Review
Grayscale Investments filed in January 2025 to convert its $16 million XRP trust into an ETF. This was the first XRP ETF application acknowledged by the SEC and has since entered the SEC's formal review process. The SEC's publication of Grayscale's filing in the Federal Register triggered a 240-day review period, meaning a decision is expected by October 18, 2025. Although community anticipation is high for early approval, the SEC hasn't explicitly mentioned Grayscale's application on the closed-meeting agenda.
Ripple Lawsuit Settlement Speculation
The prospect of XRP ETF approval is intertwined with speculation about a potential settlement in the Ripple lawsuit. The recent settlements of Coinbase and Robinhood cases have fueled hopes for a quick resolution in the Ripple case, but experts suggest potential delays due to the case's complexity. Some believe a settlement might precede ETF approval, given the lengthy regulatory processes involved.
XRP Price Performance
Despite the positive outlook for XRP ETF approval (with odds on Polymarket reaching 80%), the XRP price has recently fallen to a 23-day low, trading at $2.21 at the time of writing. This represents a daily decline of approximately 10%, along with larger weekly and monthly dips of 15.7% and 28.8% respectively. XRP has also dropped from the third to the fourth position on CoinMarketCap, with a market cap of $128 billion. However, the daily trading volume has surged by a notable 215.8% to $12.64 billion, indicating continued investor interest.
Disclaimer: This information is for educational purposes only and is not financial advice. Market conditions are constantly changing. Conduct thorough research before making any investment decisions.
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