SEC’s Potential Decision on Spot XRP ETFs

The Securities and Exchange Commission (SEC) is expected to rule on multiple applications for spot XRP exchange-traded funds (ETFs). If approved, this regulatory decision could mark a major shift in how investors access XRP, potentially driving a price surge.

Timeline for Decision

The SEC has until mid-October 2025 to approve or reject these ETF proposals. Notable filings include Grayscale’s application to convert its XRP Trust into a spot ETF and submissions from 21Shares and Bitwise. However, a decision could come as early as mid-April 2025, depending on the review process.

Legal Context

These applications have emerged despite the ongoing legal battle between the SEC and Ripple. Nevertheless, the XRP community remains optimistic, believing approval odds have improved within the cryptocurrency-friendly regulatory environment. Analysts from Bloomberg ETF project a 65% chance of a spot XRP ETF being approved.

Regulatory Milestone for XRP

The ETF approval would serve as a key milestone for XRP, especially as the SEC’s case against Ripple has previously weighed down the asset. Speculation is growing that this legal matter could be resolved soon, particularly with pro-crypto advocate Paul Atkins being nominated to lead the agency. The XRP community anticipates that he may advocate for a dismissal of the case or a favorable settlement for Ripple.

After the SEC withdrew its lawsuit against Coinbase on February 21, 2025, ending a nearly two-year case, there are thoughts that a similar outcome could occur in its legal battle with Ripple.

XRP Price Analysis

As of the latest report, XRP was trading at $2.58, down about 0.8% in the last 24 hours. Over the week, the asset has plunged over 7%. XRP’s price is struggling in line with the broader cryptocurrency market, indicating possible sustained short-term bearishness while trading below the 50-day simple moving average (SMA) of $2.68. However, the 200-day SMA at $1.43 suggests a long-term bullish outlook.

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