XRP News Today: XRP ETF Approval Deadlines Loom in July, Sparking 95% Price Surge

July is a pivotal month for the approval of XRP-related exchange-traded funds (ETFs) in the United States, with several key deadlines approaching. The U.S. Securities and Exchange Commission (SEC) is expected to make decisions on multiple ETF applications, which could significantly influence the market dynamics and investor sentiment surrounding XRP.

ProShares is one of the main players in this regulatory landscape, aiming to launch three futures-based XRP ETFs on July 14. These ETFs include the ProShares Ultra XRP ETF, the UltraShort XRP ETF, and the Short XRP ETF. Each product is designed to offer investors different levels of daily XRP performance exposure, including leveraged and inverse positions. ProShares initially filed its applications in January 2025, with an effective date of April 30 that was later moved to July 14 following a June 24 update to its prospectus. Currently, only the Ultra XRP ETF is listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker UXRP, while the other two funds are pending DTCC listing. Unless the SEC raises objections before the deadline, ProShares plans to proceed with all three ETFs on July 14, providing new options for traders seeking futures-based exposure to XRP.

Turtle Capital and Volatility Shares are also in the mix, with both companies targeting July 21 for their ETF debuts. Turtle Capital aims to launch its 2X Long XRP Daily Target ETF, while Volatility Shares plans to introduce a standard and a 2X leveraged version of its XRP ETF. Volatility Shares' 1X XRP ETF became effective on July 7, indicating a smooth regulatory process so far. REX-Osprey is another firm awaiting clearance, with its filing targeting a July 25 activation date. All of these products are tied to futures contracts rather than spot market holdings.

Despite the progress with futures-based ETFs, the SEC has yet to approve any spot-based XRP ETFs. More than 10 applications for spot XRP ETFs remain pending, with a final decision expected by mid-October. This regulatory scrutiny highlights the SEC's cautious approach to approving cryptocurrency-related financial products, particularly those tied to spot markets.

The anticipation of these regulatory decisions has already sparked a surge in XRP's price, driven by the potential for institutional capital to enter the market. Analysts have predicted a 95% probability of an XRP ETF being approved by late 2025, which could bring billions of dollars in institutional investment into the XRP ecosystem. This optimism is further fueled by the technical momentum and breakouts observed in XRP's price movements, as the market closely watches the SEC's decisions. The approval process for these ETFs is expected to take several months, with the earliest possible approvals anticipated in late June or early July. This timeline has led to a surge in open interest for XRP, as traders position themselves in anticipation of the potential ETF approvals. The strategic importance of these decisions cannot be overstated, as they could pave the way for institutional investors to gain exposure to XRP through regulated financial products.

The potential approval of XRP ETFs is not only significant for the cryptocurrency itself but also for the broader digital asset market. It could set a precedent for other cryptocurrencies seeking similar regulatory approvals and open the door for increased institutional participation in the digital asset space. As the market awaits the SEC's decisions, the focus remains on the potential impact of these ETF approvals on XRP's price and market dynamics. The regulatory developments and potential ETF approvals have also led to a rise in XRP's market capitalization, pushing it to new heights. This optimism is further fueled by the technical momentum and breakouts observed in the cryptocurrency's price movements. The market is closely watching the SEC's decisions, as they could serve as a catalyst for further price appreciation and increased trading interest in XRP.