Twelve XRP ETF filings await SEC decision in 2025
Market awaits SEC decisions on 12 XRP ETF filings
Twelve applications for launching exchange-traded funds (ETFs) based on XRP, the native cryptocurrency of Ripple, are currently under official review by the U.S. Securities and Exchange Commission (SEC).
This development marks a significant milestone in the evolving relationship between the cryptocurrency industry and traditional financial institutions, according to Coin Edition. The applications were submitted by major financial firms including Grayscale, VanEck, ProShares, and Franklin Templeton. Final decision deadlines span from April to October 2025.
The absence of giants and rumors of late entrants
Equally noteworthy is who is absent from the XRP ETF race — asset management titans BlackRock and Vanguard. Their omission has sparked speculation, particularly after a recent post on platform X by crypto analyst EGRAG CRYPTO hinted at possible late entries: “Soon Vanguard and BlackRock.” However, no such filings have been confirmed to date, leaving the market in suspense.
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Legal precedents and ETF diversity
The surge of interest in XRP ETFs follows a landmark legal precedent: a U.S. federal court ruled that XRP is not considered a security when sold on secondary markets. This decision marked a turning point in the prolonged regulatory battle and has given institutional players the confidence to develop financial products based on XRP. The ETF applications vary in type — from traditional spot funds to higher-risk leveraged products — reflecting an effort to appeal to both retail and institutional investors.
Optimism amid regulatory transition
Amid the SEC’s review of the filings, market sentiment remains cautiously optimistic. The appointment of Paul Atkins as the new SEC chair has also bolstered confidence, as he is perceived to be more crypto-friendly than his predecessor.
Some industry observers believe the regulator may approve several applications at once — similar to the recent wave of spot Bitcoin ETF approvals. Whether the XRP ETFs get the green light will be determined in the coming 180 days. Their outcome could significantly influence the legitimacy of altcoins in the U.S. investment landscape.
As a reminder, it was previously reported that Teucrium Investment Advisors, a U.S.-based asset management firm, is preparing to launch a pioneering financial product — the first-ever credit-based XRP ETF. Trading is expected to take place on the NYSE Arca under the ticker “XXRP.”
