XRP News Today: XRP ETF Hype Rises as $5 Billion Inflows Loom in Regulatory Crosshairs

The U.S. Securities and Exchange Commission (SEC) is currently reviewing a growing list of cryptocurrency exchange-traded fund (ETF) applications, with more than 90 proposals pending approval, according to Bloomberg Intelligence ETF analyst James Seyffart. The applications span a range of altcoins, including Solana and XRP, with the most recent update showing eight and seven ETFs under review for Solana and XRP, respectively. The surge in submissions, which has grown from 72 in April to 92 in August, is part of a broader trend of increased institutional interest in digital assets.

A significant portion of these applications is expected to be reviewed by the SEC ahead of October deadlines, with XRP ETFs particularly prominent in the queue. Over a dozen XRP-based ETF proposals are in the pipeline, and recent updates to half of these applications have been viewed positively by industry analysts. Nate Geraci, President of the ETF Store, noted that demand for XRP and other altcoin ETFs is likely being underestimated, drawing comparisons to the initial demand seen for Bitcoin and Ethereum ETFs before their approval.

Market sentiment for XRP ETFs has also improved, with Polymarket data showing a 16% rise in the probability of approval to 87% in the last 24 hours. Earlier forecasts from JPMorgan and Canary Capital CEO Steve McClurg suggest that XRP ETFs could attract up to $8 billion in inflows within their first year and as much as $5 billion within the first month of trading. These figures underscore the potential scale of demand if regulatory hurdles are cleared.

In parallel, the broader crypto ETF landscape is evolving, with industry players like Grayscale and 21Shares actively seeking approval for new products. Grayscale, for example, is pursuing the conversion of five existing trusts into ETF structures, which would offer exposure to coins like Litecoin, Solana, and XRP. This effort comes as the SEC has provided some regulatory clarity for liquid staking operations, indicating these activities fall outside its direct jurisdiction.

Analysts are watching closely as the approval of these ETFs could represent a major inflection point for the crypto market. If the SEC adopts a more favorable stance toward ETF approvals, it could unlock substantial institutional capital and mark the start of a broader altseason rally. The outcome of the upcoming decisions will be critical in determining the pace and direction of crypto market growth in the near term.

Source: [1] XRP ETF approval seen to unlock $5bn bonanza, but 'people ... (https://finance.yahoo.com/news/xrp-etf-approval-seen-unlock-121250497.html) [2] Canary Capital CEO Reveals When XRP ETFs Will Be ... (https://www.okx.com/en-eu/news/article/canary-capital-ceo-reveals-when-xrp-etfs-approved-america-53816808767520) [3] 92 Crypto ETFs Now Await SEC Approval with Solana, XRP ... (https://finance.yahoo.com/news/92-crypto-etfs-now-await-130056606.html)