"XRP ETF Approval: SEC's Oct. 18 Deadline Looms, 81% Likelihood in 2025"

XRP holders have been eagerly awaiting news on the potential approval of a Grayscale XRP ETF, and recent developments have provided a clearer timeline for a decision. The U.S. Securities and Exchange Commission (SEC) has received the ETF filing, which was posted to the Federal Register, the official journal of the federal government. The SEC now has until Oct. 18 to either approve or deny the proposed product, although an earlier announcement is possible.

The SEC has previously acknowledged several XRP ETF proposals, and the latest developments have increased the likelihood of such a product being approved in 2025 to 81%. This news comes as multiple Solana ETF filings from various firms, including Grayscale, VanEck, Canary Capital, and Bitwise, have also entered the Federal Register. The SEC will need to announce its decision regarding these products before Oct. 16.