Will US SEC Approve Grayscale’s XRP ETF This Week?

Because the US Securities and Alternate Fee (SEC) has scheduled its subsequent closed-door assembly this Thursday, all eyes are on a possible XRP ETF approval. As well as, the SEC’s ongoing evaluation of Grayscale Funding’s XRP ETF software has fueled anticipations of the product approval this week.

XRP ETF Approval Anticipation Grows: SEC Choice Looms

The US SEC has more and more sparked optimism with repeated acknowledgments of XRP exchange-traded funds. Whereas this transfer highlights the company’s shifting regulatory stance to crypto, the group expects an imminent approval of XRP’s funding product.

In a current improvement, the SEC scheduled its subsequent closed-door assembly on February 27, 2025 (Thursday). Notably, the regulator has straight highlighted the inclusion of discussions surrounding XRP ETF within the assembly. Specifically, the SEC emphasised Cboe’s proposal to listing and commerce the XRP fund, stating,

Cboe BZX Alternate, Inc. (“BZX” or “the Alternate”) is submitting with the Securities and Alternate Fee a proposed rule change to listing and commerce shares of the Bitwise XRP ETF underneath BZX Rule 14.11 (e)(4), Commodity-Primarily based Belief Shares.

Grayscale’s XRP ETF Beneath Evaluate: What It Means?

Notably, Grayscale Funding filed to transform its $16 million XRP belief to an exchange-traded fund in January 2025. After turning into the primary XRP ETF to be acknowledged by the SEC, it lately entered the SEC evaluation listing.

Lately, the US SEC published Grayscale’s XRP ETF submitting on the Federal Register, sparking widespread optimism. With the transfer, the SEC has begun a 240-day evaluation interval to determine whether or not to approve or oppose the ETF launch. Thus, the SEC’s choice on Grayscale’s XRP ETF might be anticipated earlier than October 18, 2025.

Pushed by the regulator’s current announcement, the group anticipates an early approval of Grayscale’s XRP fund. Nevertheless, because the SEC hasn’t talked about Grayscale within the closed-meeting agenda, it stays unclear if the fee would take into account it on the day.

Will SEC Lawsuit Settlement Precede ETF Approval?

Apparently, the joy round potential ETF approval is paired with rising hypothesis a few looming Ripple lawsuit settlement. Whereas the settlement of Coinbase and Robinhood instances has sparked pleasure about an early Ripple lawsuit settlement, consultants predict a attainable delay. MetaLawMan said that it may discover a conclusion earlier than Ripple files its appellate brief on April 16, 2025. He cited the complexities surrounding the lawsuit as the key cause for the delay.

In the meantime, authorized professional Jeremy Hogan commented that the XRP lawsuit settlement is prone to happen earlier than the SEC’s XRP ETF approval. His assertion was primarily based on the lengthy procedures concerned within the regulatory approval of the fund.

XRP Worth Slumps Regardless of Rising ETF Odds

Considerably, the XRP ETF approval odds on Polymarket surged to 80%, fueling market adoption. Whereas XRP awaits to affix Bitcoin and Ether as the most recent SEC-approved exchange-traded fund, the token worth plummets to a 23 day-low.

As of press time, XRP is trading at $2.21, marking a day by day decline of round 10%. During the last week and month, XRP has confronted grave dips of 15.7% and 28.8%, respectively. Most significantly, XRP, which loved the third spot on CoinMarketCap over the previous weeks, has slipped to the 4^th place, with a market cap of $128 billion.

Nevertheless, the rising ETF expectations have boosted investor confidence. That is demonstrated by the staggering 215.8% uptick within the day by day buying and selling quantity, at the moment at $12.64 billion.