The Securities and Alternate Fee (SEC) now has a agency 240-day deadline to challenge a choice on an XRP exchange-traded fund (ETF).
This follows the publication of 19b-4 filings for 2 XRP-based funding merchandise—the Grayscale XRP Belief and the 21Shares Core XRP Belief—within the Federal Register.
Deadline Set for XRP ETF
On February 20, the NYSE Arca’s 19b-4 submitting to record and commerce shares of the Grayscale XRP Belief was posted to the Federal Register. Fox Business reporter Eleanor Terrett highlighted the event on X.
“All this means is that the clock starts now for the SEC to engage and either approve or deny on or before October 18,” Terrett wrote.
Furthermore, Cboe’s related submitting for the 21Shares Core XRP Belief was posted at present, February 21. The SEC’s deadline for this submitting is October 19, 2025. These dates mark the official finish of the SEC’s assessment course of for each proposals.
The SEC acknowledged the filings earlier this month, however the official posting has now initiated the 240-day assessment course of. The regulator should now assess whether or not to approve, deny, or prolong its assessment of those XRP ETFs.
Cboe has additionally submitted related 19b-4 filings for Bitwise Funding, Canary Funds, and WisdomTree. The SEC just lately acknowledged Bitwise’s submitting. Thus, the posting of the 21Shares submitting might indicate that Bitwise would quickly comply with swimsuit.
How Will an XRP ETF Carry out within the Market?
Presently, the US market has solely two tradable crypto ETFs—Bitcoin (BTC) and Ethereum (ETH). Nonetheless, the demand for an Ethereum ETF hasn’t been as important as Bitcoin’s, elevating questions concerning the efficiency of a possible XRP ETF.
In a latest interview with CNBC, Bitwise CIO Matt Hougan mentioned the potential for an XRP ETF.
“I think there’s substantial demand for an XRP ETF,” he stated.
Hougan additional famous that XRP has constructed a loyal neighborhood over an extended interval, making it a well-established asset available in the market. He highlighted that XRP is actively traded on centralized exchanges. Furthermore, he confused that traders strongly want an easy, cost-effective approach to maintain the asset.
Hougan additionally talked about that the SEC is now extra open to discussions below the brand new administration. Prior to now, he highlighted that conversations about subjects like staking, in-kind transactions, and new belongings have been usually shut down.
“They’re much more open to dialogue so I’m optimistic we’re going to see XRP ETFs Solana ETFs,” Hougan forecasted.
Furthermore, Polymarket, a prediction platform, exhibits an 81% likelihood of an XRP ETF being accepted in 2025.
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