The possibility of an XRP exchange-traded fund (ETF) becoming a reality took a significant step forward as the U.S. Securities and Exchange Commission (SEC) officially acknowledged a filing for an XRP ETF from Grayscale and the New York Stock Exchange (NYSE).
Despite ongoing legal battles between Ripple Labs and the SEC, this acknowledgment signals growing momentum for a spot XRP ETF, mirroring the recent success of Bitcoin (BTC) and Ethereum (ETH) ETFs.
Brad Garlinghouse Reacts: ‘I Told You So’
Ripple CEO Brad Garlinghouse wasted no time addressing skeptics, taking to social media to deliver an “I told you so” response following the news.
With the SEC now having 240 days to approve or deny the filing, industry experts believe that under the Trump administration, the new-look SEC may be shifting its stance on crypto regulations—potentially paving the way for XRP and other altcoin ETFs.
XRP Gains Momentum Amid ETF Speculation
The acknowledgment of the XRP ETF filing has fueled renewed investor interest, pushing XRP’s price up 13% over the past week, with the token now trading above $2.75.
Why the XRP ETF Matters
📈 Legitimacy & Institutional Interest – Spot ETFs attract institutional investors, offering exposure to XRP without the complexity of direct crypto ownership.
📉 Reduced Selling Pressure – ETFs require underlying asset reserves, potentially reducing supply on exchanges.
✅ Broader Market Adoption – Following Bitcoin and Ethereum’s ETF approvals, XRP could be next in line for mainstream financial adoption.
For years, XRP has remained a top 10 crypto by market capitalization but struggled with price stagnation due to regulatory uncertainty. However, with a Trump-led administration taking a more favorable stance on crypto, the narrative surrounding XRP is rapidly shifting.
The SEC’s Expanding Crypto ETF Review Process
The XRP ETF acknowledgment is part of a broader movement toward expanding crypto ETF offerings beyond Bitcoin and Ethereum.
Recently, the SEC also acknowledged a proposed Solana (SOL) ETF filing, and other institutions have applied for Litecoin (LTC) and Dogecoin (DOGE) ETFs.
Bloomberg analysts James Seyffart and Eric Balchunas have suggested that approvals for altcoin ETFs are now more likely than ever, particularly as fund managers push for wider crypto adoption under the Trump administration.
Will the SEC Approve an XRP ETF?
🔹 The SEC now has 240 days to decide on the XRP ETF.
🔹 Industry experts believe approval is increasingly possible, given Bitcoin and Ethereum ETFs’ success.
🔹 Ongoing legal disputes between Ripple and the SEC remain an obstacle, but the acknowledgment suggests a potential softening of the SEC’s stance.
XRP ETF Approval Could Be a Game Changer
With the SEC officially acknowledging XRP’s ETF filing, the conversation around institutional adoption and regulatory clarity for XRP is reaching new heights.
If approved, an XRP ETF could significantly boost market demand, further legitimizing the asset among institutional investors. For now, all eyes are on the SEC’s next move—but investor sentiment is already shifting bullish, pushing XRP past $2.75 and beyond.
