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As 72 Crypto ETFs Await Approval, Here Are SEC’s Final Deadlines for XRP ETF
April 22, 2025
XRP community figures have highlighted the final deadlines for the SEC decisions on the multiple spot-based XRP ETF applications.
In recent weeks, XRP community members have deliberated on whether the U.S. SEC would approve a spot exchange-traded fund (ETF) for the coin this year. This comes as the number of asset managers seeking to launch XRP ETFs soars tremendously. Over 10 asset managers have submitted S-1 applications to the SEC to launch XRP ETFs in the U.S.
Some of these firms include Grayscale, 21Shares, Bitwise, Canary, WisdomTree, CoinShares, and Franklin. Several exchanges, including Cboe and NYSE Arca, have also submitted 19b-4 filings to the SEC to list and trade shares of these XRP ETFs.
SEC Recent Decisions
Amid the growing institutional interest in XRP, popular community figure “GA Spark” has highlighted the final deadline for the SEC to decide whether to approve or disapprove the funds. These deadlines went live after the SEC acknowledged the applications of XRP ETFs. The SEC must issue its decision on the filing within 240 days from the date of the acknowledgment.
The regulator postponed its April 13 decision for several filings, including VanEck, REX-Osprey, Tuttle Capital, and ProShares. After the postponement, XRP enthusiasts anticipate the final decision on the other applications.
Final Deadline
According to a table provided by GA Spark, the SEC has a final deadline of October 18, 2025, to approve or disapprove Grayscale’s application to convert its XRP Trust to a spot-based ETF. Likewise, the SEC must decide on the 21Shares XRP ETF filing by October 19, while Bitwise’s is on October 20, 2025. Canary’s deadline is October 24, with the following day, October 25, set as the final deadline for the SEC’s decision on WisdomTree, CoinShares, and Franklin’s XRP ETF filings.
Although each ETF has its own final deadline, the SEC could pick a date within the approval window to decide the fate of the applications. Recall that the SEC made a similar move last year when it approved multiple spot-based exchange-traded funds for Bitcoin and Ethereum.
Investors Optimistic About XRP ETF Approval This Year
In the meantime, Polymarket bettors believe there is a 79% chance that the SEC will approve XRP ETFs by year-end. However, the approval odds for July 31 currently stand at 43%, representing a decline of 10% over the past day. The community is optimistic that the U.S. SEC will approve at least one XRP ETF this year. This optimism stems from the agency’s current shift toward crypto regulation, which has been favorable to the industry compared to what was observed in the past administration. Whether this will happen remains to be seen.
72 Crypto ETFs
Meanwhile, the XRP ETFs are among 72 crypto spot-based exchange-traded funds awaiting the SEC’s approval. According to Bloomberg ETF analyst Eric Balchunas, some of these funds are tied to cryptos such as Solana, Dogecoin, Cardano, Litecoin, and Official Melania meme coin.
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