XRP News Today: Seven ETF Providers Rev Up for SEC Battle in XRP Showdown

Seven major ETF providers have submitted revised applications for spot XRP exchange-traded funds (ETFs), indicating that the U.S. Securities and Exchange Commission (SEC) is actively reviewing these proposals. The updated filings came from Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree. These firms are positioning themselves for potential early approval amid anticipation of a growing crypto ETF market. According to Bloomberg Intelligence analyst James Seyffarth, the amendments suggest that ongoing dialogue with the SEC is a positive sign, signaling that the approval process is progressing [1].

The SEC has set a mid-October 2025 deadline for most spot XRP ETF applications, aligning with Seyffarth’s earlier prediction that approvals would not occur before the fourth quarter. The updated filings address key concerns raised by the SEC, such as the redemption mechanics of the trust shares. For instance, Bitwise revised its S-1 filing to include an option for cash redemptions, a feature that was also a point of contention during the approval process for spot Bitcoin ETFs [1]. The move reflects the SEC’s ongoing scrutiny and the need for ETF providers to demonstrate compliance with regulatory standards.

Analysts are optimistic about the likelihood of XRP ETF approval, with some estimating a 95% chance of success by late October. Nate Geraci, CEO of The ETF Store, believes that the SEC will approve spot altcoin ETFs “within a couple of months” and predicts that staking could soon be permitted in existing Ethereum ETFs, expanding the broader crypto ETF landscape [1]. Experts at Kaiko Research suggest that the XRP ETF may be the first altcoin ETF to receive approval, potentially beating out other proposals [1].

In the broader altcoin market, Ethereum, Solana, and Polkadot are considered strong candidates for potential breakout performance as investors speculate on the broader implications of XRP ETF approvals. Ethereum has seen a recent price surge, trading at around $4,730, up 9.4% in the past 24 hours. Meanwhile, Solana and Polkadot remain in focus as their ecosystems continue to evolve with upgrades and increasing adoption. Analysts believe that an XRP ETF approval could serve as a catalyst for renewed investor interest in the altcoin sector, encouraging portfolio diversification among crypto investors [3].

Despite the optimism, the SEC has delayed decisions on several XRP ETF applications, moving the deadlines from mid-August to October. These delays are seen as a regulatory review process rather than a rejection. Some analysts argue that a slow but robust regulatory framework is preferable to a rushed approval process that could lead to instability. The delays affect not only XRP ETFs but also other altcoin-related products, including proposed funds for Solana and Litecoin. The SEC’s approach is viewed as cautious but ultimately beneficial for long-term market stability [2].

The potential approval of XRP ETFs could mark a significant milestone in the mainstream adoption of altcoins beyond Bitcoin and Ethereum. With more than $8 billion in estimated inflows projected for XRP ETFs in their first year, as estimated by JPMorgan, the broader market implications could be substantial. If approved, the XRP ETF would offer institutional and retail investors an accessible and regulated vehicle to gain exposure to the altcoin market, potentially driving increased liquidity and price appreciation for XRP and other altcoins poised for breakout performance [3].

Source:

[1] XRP ETFs May Be First to Win SEC Approval (https://coinpaper.com/10679/xrp-et-fs-near-approval-sec-dialogue-sparks-optimism)

[2] The SEC Just Announced Delays for an XRP ETF And Spot ... (https://finance.yahoo.com/news/sec-just-announced-delays-xrp-183700230.html)

[3] 'Cluster' of amended XRP ETF filings roll in as Ripple seals ... (https://www.dlnews.com/articles/markets/cluster-amended-xrp-etf-filings-roll-in-ripple-sec-dismissal/)