“Good sign” for XRP: Is ETF approval moving forward?
- Slowly but surely, signs are mounting that several altcoin-based spot ETFs may be on the verge of SEC approval in the US. One of the candidates is XRP.
- Various asset managers, including Grayscale, Bitwise, CoinShares, and Franklin, submitted updated declarations for their planned Spot XRP exchange-traded funds on Friday. Analysts view this as a sign of constructive discussions with the regulator.
- The applications were “almost certainly filed based on feedback from the SEC,” wrote James Seyffart, ETF analyst at Bloomberg, on X. “A good sign, but also largely expected.”
- Nate Geraci, president of NovaDius Wealth, also stated: “It's very remarkable that they're grouping together like this. I think it's a very good sign.”
- The SEC recently postponed its decisions on several crypto ETFs, including those for Truth Social, Solana, and XRP. The decision on the approval of the 21Shares Core XRP Trust was postponed until October 19, 2025.
- However, observers consider approval virtually certain. According to Polymarket, the probability of an XRP ETF being approved this year is 78 percent. Cardano's chances also appear good.
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Sources
James Seyffart on X
Nate Geraci on X