The U.S. Securities and Exchange Commission (SEC) has set a deadline for deciding whether to approve multiple exchange-traded funds (ETF) that track the price of Ripple-promoted XRP directly. The SEC acknowledged another batch of XRP ETF filings, representing the agency’s formal review of the proposals. XRP is up 5.7% on the day, trading at $2.70 after climbing 11.2% in the last week, per CoinGecko data . SEC Acknowledges More XRP ETF Filings The U.S. Securities and Exchange Commission has acknowledged spot XRP ETF filings submitted by major asset managers Bitwise , WisdomTree , and Canary Capital , fueling optimism that XRP could soon be available to institutional investors through a regulated investment vehicle. In the filings acknowledging the proposals, the SEC asked for public comments to be sent 21 days after its filing was published in the Federal Register. The regulator then has up to 90 days to decide to approve, reject, or “institute proceedings”, with a final decision expected in up to 240 days. The timing of the SEC’s acknowledgment is noteworthy, as it coincides with growing speculation around the future of XRP amid the regulatory agency’s prolonged legal dispute with Ripple. The SEC is now seeking to reverse the SEC vs. Ripple court ruling, which determined that the blockchain firm’s programmatic sales of the XRP crypto were not securities transactions. Nonetheless, some pundits are optimistic that the SEC may soon pause its appeal in the Ripple case , which could provide a clearer path forward for the third largest crypto by market cap. While the SEC is still in its acknowledgment phase, Brazil has officially outpaced the United States to greenlight the first-ever spot XRP ETF , with Hashdex receiving approval from Brazil’s securities regulator to list the Nasdaq XRP Index Fund on the B3 exchange. Could XRP ETFs Hit The US Market In 2025? As you may recall, the SEC greenlighted the introduction of spot Bitcoin exchange-traded funds in January 2024 and spot Ether ETFs in July of the same year. Asset managers have since submitted a spate of crypto ETF filings over the past couple of months in light of the crypto-friendly Donald Trump administration assuming office. Last week, the SEC also acknowledged spot XRP ETF filings from Grayscale and 21Shares. This was interpreted as a powerful message given that the SEC has been locked in a multi-year-long legal battle with Ripple. Although these acknowledgments don’t necessarily guarantee an XRP ETF approval from the regulatory agency, they bode well for such an investment vehicle. Meanwhile, XRP is presently just 20.7% away from its lifetime high of $3.40 posted in January 2018. If the spot XRP ETFs successfully cross the regulatory finish line, they would likely attract considerable demand from institutional investors, subsequently putting the cross-border token on a path to new all-time highs. Alongside the spot ETF bullish catalyst, popular analyst DonAlt has observed that XRP’s chart is “excellent.” But as ZyCrypto recently covered, not everyone is pleased about the increasing prospects of a spot XRP ETF becoming a reality in the US. Well-known angel investor Jason Calacanis believes that the greenlighting of such a product would lead to “chaos,” contending that the token is a “centrally controlled security.”
