XRP News Today: XRP Surges 9.7% as ETF Approval Odds Hit 82% Amid Regulatory Progress

The approval timeline for XRP and Cardano-based exchange-traded funds (ETFs) in the United States has seen a notable shift in recent weeks, with updated forecasts and regulatory developments fueling optimism among investors and market analysts. According to Nate Geraci, president of NovaDius Wealth Management, the regulatory landscape is moving toward a more standardized framework that could accelerate the approval of new altcoin ETFs. This shift is largely driven by recent regulatory filings from major exchanges, including the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE), which have submitted proposals for standardized rules governing cryptocurrency ETF listings [1]. These initiatives are expected to streamline the approval process and reduce delays, particularly for products like those based on XRP and Cardano [1].

Geraci notes that more than 75 cryptocurrency ETF applications are currently under review by the U.S. Securities and Exchange Commission (SEC), and he anticipates that a number of these—particularly those for well-established altcoins—could receive approval once the new framework is finalized. He projects that the SEC could complete this process within the next two months, which would open the door to a wave of new ETFs entering the market [1]. If his timeline holds, the approval of XRP and Cardano ETFs may follow shortly thereafter, marking a significant step toward broader institutional access to these digital assets [1].

Market demand for cryptocurrency ETFs has remained robust in 2025, with over $26 billion flowing into such products year to date. Bitcoin and Ethereum spot ETFs accounted for the majority of these inflows, with $19 billion and $7 billion respectively. This trend has continued in the most recent months, with $6 billion and $5.5 billion added to Bitcoin and Ethereum ETFs in July alone [1]. The growing interest is supported by a more favorable regulatory environment, including legislative efforts such as the GENIUS and CLARITY Acts, as well as the SEC’s recent approval of in-kind creation and redemption processes for Bitcoin and Ethereum ETFs [1]. The SEC’s “Project Crypto” initiative, led by Chair Paul Atkins, also signals a broader commitment to integrating blockchain into the financial system [1].

Cardano has made notable progress in the ETF arena, with Grayscale submitting a formal application for a Cardano ETF to the SEC after setting up a Delaware trust on August 12, 2025. This follows Grayscale’s established approach of structuring assets before formal regulatory submissions [5]. Analysts expect a decision on the Cardano ETF application by the end of August 2025. With a market capitalization of $28.7 billion, Cardano remains a key player in the cryptocurrency space, and the prospect of an ETF is seen as a potential catalyst for increased investor access [6].

The probability of XRP ETF approval has also risen significantly in recent weeks, with prediction markets like Polymarket showing a 79% likelihood by July 28, 2025, and 82% by August 8, 2025 [4]. Analysts at JPMorgan have suggested that XRP and Solana ETFs could attract between $3 billion and $8 billion in investment upon approval [1]. These figures highlight the strong market potential for XRP-based ETFs, particularly as the resolution of the SEC’s legal case against Ripple has contributed to a renewed sense of confidence in the asset.

XRP’s price has already reflected this optimism, with a recent 9.7% increase attributed to the improving regulatory outlook and growing institutional interest [4]. The broader cryptocurrency market appears to be preparing for increased institutional participation, with ETFs serving as a key vehicle for mainstream adoption. The developments in XRP and Cardano ETF approval timelines suggest that both projects are closer than ever to formal recognition within the U.S. financial system.

Source:

[1] Updated Timeline for XRP and Cardano ETF Approvals (https://timestabloid.com/updated-timeline-for-xrp-and-cardano-etf-approvals/)

[4] XRP News Today: XRP Soars 9.7% as ETF Approval Odds Rise, Institutional Interest Grows (https://www.ainvest.com/news/xrp-news-today-xrp-soars-9-7-etf-approval-odds-rise-institutional-interest-grows-2508/)

[5] Grayscale's Cardano ETF Move and Record Holder Surge (https://www.mitrade.com/insights/news/live-news/article-3-1036829-20250814)

[6] Cardano Secures 3rd Spot in Grayscale List Amid ETF Decision Speculation (https://coincentral.com/cardano-secures-3rd-spot-in-grayscale-list-amid-etf-decision-speculation/)