XRP News Today: XRP ETF Approval Could Arrive in 21 Days Amid Streamlined SEC Rules

A major development in the U.S. cryptocurrency exchange-traded fund (ETF) landscape is on the verge of materializing, with a potential decision on a spot XRP ETF expected within 21 days. This timeline stems from a proposed rule change by the Securities and Exchange Commission (SEC), which aims to streamline the approval process for crypto-based ETFs. The new framework, introduced by the Cboe BZX Exchange and NYSE Arca, would eliminate the need for individual 19b-4 filings for each crypto ETF, reducing the approval period from up to 240 days to as little as 75 days [1].

The proposed changes would allow eligible crypto ETFs to list under generic standards, provided the underlying assets have at least six months of trading history on a regulated U.S. derivatives platform. XRP, alongside Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), meets this initial threshold [1]. The new listing framework is part of a broader regulatory shift toward integrating crypto assets into traditional financial markets, including recent approvals of in-kind creation and redemption mechanisms for crypto ETFs [1].

The SEC’s regulatory approach has signaled increased openness to crypto innovation. A recent policy roadmap, released on July 31, outlines plans to accommodate tokenized assets, reflecting a more favorable stance toward blockchain-based financial products [1]. Meanwhile, the legal uncertainty surrounding XRP has diminished following a court ruling that limited its classification as a security, emboldening institutional players to pursue XRP ETF applications [4]. Firms such as Franklin Templeton, Bitwise, Grayscale, and WisdomTree have already submitted applications [4].

If the new framework is adopted, XRP ETF issuers that meet the requirements could bypass the lengthy regulatory review and launch their products more quickly. This development would mark a significant milestone for XRP, which has gained 400% over the past year and has drawn growing institutional interest [8]. The potential for a 21-day SEC decision would represent a dramatic acceleration compared to the previous process [1].

Analysts remain cautiously optimistic. Nate Geraci of The ETF Store noted that BlackRock, the largest player in the ETF industry, is expected to file for an XRP ETF, signaling a strong endorsement of the asset. If BlackRock proceeds, it would likely mirror its successful strategies with Bitcoin and Ethereum, further legitimizing XRP in the institutional investment space [5].

The legal environment is also clearing up. Both sides in the ongoing XRP legal dispute may drop appeals ahead of an August 15 deadline, removing a key regulatory obstacle and potentially expediting the approval process [6]. This legal clarity, combined with the SEC’s proposed listing standards for crypto ETPs, could lead to final approval within 60 days [7].

Investor sentiment reflects the growing anticipation. While XRP recently fell below $3 amid bearish technical indicators, the asset has shown resilience amid speculation of imminent ETF approvals [8]. Bloomberg analysts estimate a 95% probability of a spot XRP ETF approval in 2025, though the timeline remains subject to SEC discretion [2].

If the 21-day timeline holds, it could mark a pivotal moment for XRP’s integration into mainstream finance. The regulatory landscape is increasingly accommodating crypto-based ETFs, and the adoption of a streamlined listing framework would further reduce entry barriers for new products. As the industry moves closer to a final decision, the potential for XRP to join Bitcoin and Ethereum in the U.S. ETF spotlight grows stronger [9].

Sources:

[1] "XRP ETF Decision Could Happen Within 21 Days. Here's Why" (https://timestabloid.com/xrp-etf-decision-could-happen-within-21-days-heres-why/)

[2] "Is an XRP Pullback on the Horizon? Here's What Investors..." (https://www.aol.com/xrp-pullback-horizon-heres-investors-101000954.html)

[4] "XRP News Today: Legal Clouds, ETF Bets Stir Volatility in..." (https://www.fxempire.com/forecasts/article/xrp-news-today-legal-clouds-etf-bets-stir-volatility-in-xrp-price-forecast-btc-below-115k-1537951)

[5] "BlackRock Ripple (XRP) ETF Coming Soon? Here's What..." (https://cryptoadventure.com/blackrock-ripple-xrp-etf-coming-soon-heres-what-you-need-to-know)

[6] "DOGEUSD - XRP ETF Approval Incoming? Analyst Eyes..." (https://ih.advfn.com/stock-market/COIN/DOGEUSD/crypto-news/96539168/xrp-etf-approval-incoming-analyst-eyes-september)

[7] "SEC Unveils Crypto ETP Listing Standards, Paving Way for..." (https://www.xt.com/en/blog/post/sec-unveils-crypto-etp-listing-standards-paving-way-for-altcoin-etfs)

[8] "XRP Price Crashes Below $3 as Bulls Get Squeezed" (https://thetradable.com/crypto/xrp-price-crashes-below-3-as-bulls-get-squeezed-is-the-rally-dead-1--a)

[9] "XRP (Ripple) Just Did Something It Hasn't Done Since..." (https://www.aol.com/xrp-ripple-just-did-something-085100204.html)