XRP ETFs gain momentum as optimism builds ahead of SEC decisions

XRP ETFs gain momentum as optimism builds ahead of SEC decisions
XRP ETF could rival Ethereum funds

​The potential entry of XRP into the exchange-traded fund (ETF) market is sparking increasingly lively discussions among industry leaders. Several prominent experts predict that investor demand could exceed expectations once U.S. regulators deliver their decision.

John E. Deaton, a well-known attorney in the digital asset space and an active advocate for the Ripple community, recently stated that inflows into XRP ETFs could surprise the market if the U.S. Securities and Exchange Commission (SEC) grants approval. His comments came amid talks about the growing number of applications, now totaling at least 16, including a filing by Amplify ETFs to launch an XRP Monthly Option Income ETF. Unlike traditional spot funds, this product would not rely primarily on the asset’s price appreciation but would instead focus on strategies designed to generate stable, capped income for investors.

Optimism and expert forecasts

Despite the surge in filings, the SEC has yet to issue approvals, with most decisions postponed until October following requests for updated documents and public comments. The XRP community, however, remains optimistic: prediction markets currently show high odds that at least one fund will be approved before year’s end.

Adding to the positive sentiment, Canary Capital CEO Steven McClurg described XRP as the “second most famous cryptocurrency on Wall Street” after Bitcoin. In an interview, he suggested that XRP ETFs could even outperform Ethereum funds, projecting up to $5 billion in inflows within the first month of trading. He also noted that macroeconomic conditions—especially Federal Reserve interest rate policy—could play a decisive role in shaping demand at launch.

The SEC’s role and market prospects

Canary Capital has also submitted an updated S-1 form for its XRP ETF, with the SEC expected to issue a decision by October 23. McClurg stressed that XRP’s availability on regulated futures platforms such as Coinbase and CME enhances the likelihood of approval, similar to the reasoning that paved the way for Bitcoin and Ethereum ETFs.

Beyond XRP, McClurg highlighted that funds tied to Solana, Litecoin, and Hedera could reach the market later this year, while other crypto products may be delayed until 2026. Still, most experts agree that XRP ETFs currently hold the strongest near-term approval prospects due to institutional recognition and steady demand in futures markets.

For now, traders and investors are watching closely for the SEC’s next move, viewing XRP’s ETF journey as a pivotal moment for the entire digital asset industry.

Read also: Convano plans 21,000 Bitcoin holdings and Yen-pegged stablecoin launch

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.