XRP News Today: SEC's October Decision on XRP ETFs Poised to Reshape Market Dynamics

The U.S. Securities and Exchange Commission (SEC) is nearing a decision on multiple XRP-based exchange-traded fund (ETF) applications, with final rulings expected between October 18 and October 25, 2025. Over a dozen sponsors, including Grayscale, 21Shares, Bitwise, and WisdomTree, have submitted proposals, reflecting growing institutional interest in the asset. The SEC’s recent guidelines require XRP futures trading for at least six months on regulated exchanges like Coinbase Derivatives, a condition XRP is projected to meet by late September Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2]. Prediction markets indicate an 87% probability of approval, with some analysts estimating a 95% chance in August, underscoring the regulatory timeline as the primary uncertainty Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2].

Forecasts for potential inflows vary widely. Steven McClurg of Canary Capital predicts an XRP ETF could attract $5 billion in its first month, while JPMorgan analysts suggest up to $8 billion in the first year Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2]. Early indicators of demand include a leveraged XRP ETF from Teucrium with $353 million in assets and XRP futures-based ETFs collectively amassing over $800 million. CME’s XRP futures open interest exceeded $1 billion within three months of launch, signaling robust regulated demand channels Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2]. These figures contrast with Bitcoin ETF inflows, which reached higher levels but operate in a distinct market context.

The approval process hinges on regulatory efficiency and standardized frameworks. Exchanges like Cboe BZX, Nasdaq, and NYSE Arca have filed 19b-4 rule changes to streamline crypto ETF listings, potentially shortening the 240-day SEC review window. XRP’s compliance with the proposed three-prong standard—trading on an ISG-member market, having a six-month futures contract, and initial 40% economic exposure—is seen as a critical milestone Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2]. Galaxy Research notes that XRP’s futures condition is expected to be satisfied by late September, bolstered by the resolved SEC v. Ripple case and leadership shifts at the agency Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2].

Currently, the only approved XRP ETF in the U.S. is the ProShares Ultra XRP ETF, launched in July 2025. This fund, which includes leveraged and inverse strategies, was filed in January 2025 and reflects the sector’s experimental phase. Meanwhile, Canadian regulators have already approved multiple XRP ETFs, highlighting the U.S. market’s relative lag XRP ETF (XRPI) Stock Price, News, Quote & History - Yahoo Finance^[3]. The SEC’s October 2025 deadline creates a concentrated decision window, with Grayscale’s application leading the queue on October 18. If approved, the ETFs would offer a regulated vehicle for XRP exposure, potentially expanding institutional and retail access akin to Bitcoin and Ethereum ETFs Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2].

Market observers remain divided on XRP’s institutional appeal. Optimists argue that demand is underestimated, citing the asset’s utility in cross-border payments and its growing derivatives ecosystem. Skeptics, however, question whether XRP can replicate the capital inflows of Bitcoin or Ethereum, given its smaller market cap and less mature narrative. The outcome of these applications could reshape XRP’s market dynamics, particularly if the SEC adopts a standardized framework for crypto ETFs Full List of XRP ETFs Awaiting SEC Approval: Dates, Filings and What’s Next^[2]. For now, the focus remains on regulatory decisions, with investors tracking updates to filings and the agency’s rulemaking progress.