As 72 Crypto ETFs Await Approval: Final SEC Deadlines for XRP ETF

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The race toward regulatory clarity in the U.S. crypto market has entered a pivotal phase, with 72 spot-based cryptocurrency ETFs currently awaiting decisions from the Securities and Exchange Commission (SEC). Among these, XRP ETF applications have captured significant attention from investors, analysts, and the broader digital asset community.

With major asset managers like Grayscale, 21Shares, Bitwise, and WisdomTree actively pursuing approval, the final deadlines for SEC rulings on XRP ETFs are now firmly in sight—offering a clear timeline for what could be a transformative moment for the XRP ecosystem.

Growing Institutional Interest in XRP ETFs

In recent months, institutional momentum behind an XRP-based exchange-traded fund has surged. Over ten asset management firms have filed S-1 registration statements with the SEC to launch spot XRP ETFs in the United States. These include well-established names such as:

Additionally, major exchanges like Cboe BZX and NYSE Arca have submitted 19b-4 filings, which are necessary for listing and trading shares of proposed ETFs. These dual-track filings—S-1 for registration and 19b-4 for exchange listing—are standard procedures that signal serious intent and regulatory preparedness.

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This wave of institutional interest reflects growing confidence in XRP’s long-term viability, especially following Ripple’s partial legal victory in its high-profile case against the SEC in 2023. That ruling clarified that XRP is not inherently a security when sold to retail investors, opening the door for regulated financial products.

SEC Acknowledgment Triggers Final Decision Window

A key milestone in the ETF approval process occurs when the SEC officially acknowledges receipt of a filing. Once acknowledged, the agency has up to 240 days to issue a final decision on whether to approve or disapprove the proposed fund.

According to insights shared by prominent XRP community figure “GA Spark,” this 240-day clock has already started ticking for several major applications. The SEC recently postponed its initial decisions on filings from VanEck, REX-Osprey, Tuttle Capital, and ProShares—suggesting a more deliberate, coordinated review process may be underway.

While no official announcement has been made about consolidating decisions, historical precedent offers hope. In 2024, the SEC approved multiple spot Bitcoin and Ethereum ETFs simultaneously after extended review periods—indicating it may follow a similar pattern with other major cryptocurrencies like XRP.

Key Final Deadlines for XRP ETF Approvals

Based on public filings and SEC acknowledgment dates, here are the upcoming final deadlines for major XRP ETF applications:

Although each application carries its own deadline, market observers expect the SEC to make a coordinated decision across multiple filings—potentially approving one or more funds at once to maintain consistency in policy.

This approach would align with the agency’s recent behavior and help avoid fragmented outcomes that could lead to legal challenges or market confusion.

Why Investors Are Optimistic About XRP ETF Approval

Market sentiment around XRP ETF approval remains largely positive. On prediction market platform Polymarket, traders currently assign a 79% probability that at least one XRP ETF will be approved by the end of 2025. While near-term odds for an approval by July 31 stand at 43%—down slightly from previous highs—the overall trend suggests growing confidence.

Several factors are driving this optimism:

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Moreover, analysts note that delaying decisions beyond late 2025 could risk falling behind global competitors. Countries like Canada and Australia already have active XRP-linked investment products, increasing pressure on U.S. regulators to act.

The Bigger Picture: 72 Crypto ETFs in the Pipeline

The XRP ETF efforts are part of a much larger movement. As Bloomberg ETF analyst Eric Balchunas reports, there are currently 72 spot crypto ETF applications pending before the SEC. These cover a wide range of digital assets, including:

This surge underscores a fundamental shift: traditional finance is increasingly integrating digital assets into mainstream investment vehicles. If even a fraction of these ETFs gain approval, it could unlock billions in new capital flows into the crypto ecosystem.

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Frequently Asked Questions (FAQ)

Will the SEC approve an XRP ETF in 2025?

While no outcome is guaranteed, the likelihood appears strong. With final deadlines falling between October 18 and October 25, 2025, and growing institutional support, many experts believe approval is possible—if not probable—before year-end.

Why does the SEC take so long to approve crypto ETFs?

The SEC prioritizes investor protection and market integrity. Given the novelty and volatility of cryptocurrencies, the agency conducts thorough reviews to assess custody solutions, market manipulation risks, and pricing transparency before granting approval.

How will an XRP ETF impact XRP’s price?

Historically, the announcement or approval of spot ETFs has led to significant price rallies—for example, Bitcoin and Ethereum both saw substantial gains post-approval. A similar effect could occur with XRP, especially if inflows from institutional investors increase.

Can multiple XRP ETFs be approved at once?

Yes. The SEC has precedent for approving multiple competing ETFs simultaneously, as seen with Bitcoin and Ethereum. This approach ensures fair competition and prevents market distortion from exclusive product launches.

What happens if the SEC rejects all XRP ETF applications?

Rejection would likely lead to legal appeals or revised filings addressing SEC concerns. However, outright rejection becomes less likely given the Ripple lawsuit outcome and increasing regulatory clarity around non-security status for certain crypto assets.

Are XRP ETFs safe for retail investors?

Once approved, XRP ETFs would be subject to strict reporting requirements, regulated custody arrangements, and daily transparency—making them significantly safer than direct crypto holdings on exchanges.

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Conclusion

As the October 2025 deadlines approach, all eyes are on the SEC. The potential approval of one or more XRP ETFs represents more than just a win for Ripple or XRP holders—it signals deeper acceptance of digital assets within the U.S. financial system.

With 72 crypto ETFs in line and precedent already set by Bitcoin and Ethereum, the path forward is clearer than ever. Whether through a single approval or a coordinated rollout, the arrival of a spot XRP ETF could mark another milestone in the maturation of crypto as an investable asset class.