SEC Acknowledges XRP ETF Application: Price Surge Ahead?

Coin WorldFriday, Feb 14, 2025 2:55 pm ET
1min read

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged an application for an XRP exchange-traded fund (ETF) filed by 21Shares. This development signals growing interest in XRP-based investment products and has sparked speculation about the token's potential price surge.

Analysts believe that an approved ETF could drive XRP's price to new highs, with projections reaching as much as $59 per XRP. The SEC's acknowledgment of 21Shares' filing adds to the list of pending XRP ETF applications, including those from Grayscale, WisdomTree, and Bitwise.

The Cboe BZX Exchange has submitted regulatory filings to list shares of these products, and market analysts are closely watching the SEC's next steps. Ripple CEO Brad Garlinghouse has previously stated that an XRP ETF approval in the U.S. was "inevitable" despite ongoing legal challenges.