As the US Securities and Exchange Commission (SEC) has scheduled its subsequent closed-door assembly this Thursday, all eyes are on a possible XRP ETF approval. In addition, the SEC’s ongoing overview of Grayscale Investment’s XRP ETF utility has fueled anticipations of the product approval this week.
XRP ETF Approval Anticipation Grows: SEC Decision Looms
The US SEC has more and more sparked optimism with repeated acknowledgments of XRP exchange-traded funds. While this transfer highlights the company’s shifting regulatory stance to crypto, the group expects an imminent approval of XRP’s funding product.
In a current improvement, the SEC scheduled its subsequent closed-door assembly on February 27, 2025 (Thursday). Notably, the regulator has straight highlighted the inclusion of discussions surrounding XRP ETF within the assembly. In specific, the SEC emphasised Cboe’s proposal to listing and commerce the XRP fund, stating,
Cboe BZX Exchange, Inc. (“BZX” or “the Exchange”) is submitting with the Securities and Exchange Commission a proposed rule change to listing and commerce shares of the Bitwise XRP ETF underneath BZX Rule 14.11 (e)(4), Commodity-Based Trust Shares.
Grayscale’s XRP ETF Under Review: What It Means?
Notably, Grayscale Investment filed to transform its $16 million XRP belief to an exchange-traded fund in January 2025. After turning into the primary XRP ETF to be acknowledged by the SEC, it just lately entered the SEC overview listing.
Recently, the US SEC published Grayscale’s XRP ETF submitting on the Federal Register, sparking widespread optimism. With the transfer, the SEC has begun a 240-day overview interval to determine whether or not to approve or oppose the ETF launch. Thus, the SEC’s choice on Grayscale’s XRP ETF could possibly be anticipated earlier than October 18, 2025.
Driven by the regulator’s current announcement, the group anticipates an early approval of Grayscale’s XRP fund. However, because the SEC hasn’t talked about Grayscale within the closed-meeting agenda, it stays unclear if the fee would take into account it on the day.
Will SEC Lawsuit Settlement Precede ETF Approval?
Interestingly, the joy round potential ETF approval is paired with growing hypothesis a couple of looming Ripple lawsuit settlement. While the settlement of Coinbase and Robinhood instances has sparked pleasure about an early Ripple lawsuit settlement, consultants predict a attainable delay. MetaLawMan acknowledged that it might discover a conclusion earlier than Ripple files its appellate brief on April 16, 2025. He cited the complexities surrounding the lawsuit as the key purpose for the delay.
Meanwhile, authorized skilled Jeremy Hogan commented that the XRP lawsuit settlement is more likely to happen earlier than the SEC’s XRP ETF approval. His assertion was primarily based on the lengthy procedures concerned within the regulatory approval of the fund.
XRP Price Slumps Despite Increasing ETF Odds
Significantly, the XRP ETF approval odds on Polymarket surged to 80%, fueling market adoption. While XRP awaits to hitch Bitcoin and Ether as the newest SEC-approved exchange-traded fund, the token worth plummets to a 23 day-low.
As of press time, XRP is trading at $2.21, marking a day by day decline of round 10%. Over the final week and month, XRP has confronted grave dips of 15.7% and 28.8%, respectively. Most importantly, XRP, which loved the third spot on CoinMarketCap over the previous weeks, has slipped to the 4th place, with a market cap of $128 billion.
However, the rising ETF expectations have boosted investor confidence. This is demonstrated by the staggering 215.8% uptick within the day by day buying and selling quantity, at present at $12.64 billion.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of expertise in blockchain, web3, and fintech spheres. She has established herself as a educated and fascinating voice within the cryptocurrency and blockchain house. Her expertise as an Assistant Professor in English Language and Literature has additional added to her quest for crafting informative, well-researched, and accessible content material.
Disclaimer: The offered content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
