XRP News Today: XRP ETF Race Heats Up as Legal Clarity Fuels Institutional Confidence

The U.S. Securities and Exchange Commission (SEC) is currently reviewing a total of 92 cryptocurrency exchange-traded fund (ETF) applications, with Solana (SOL) and XRP (Ripple) leading the applications. This surge in interest underscores the growing institutional appetite for digital assets and reflects broader market confidence in the regulatory environment, particularly following recent developments in the XRP space [1].

XRP, the native token of the Ripple network, has garnered significant attention among institutional investors. Notably, 21Shares and CoinShares have submitted XRP ETF proposals, both of which are in advanced stages of regulatory compliance. 21Shares' Core XRP Trust aims to list on the Cboe BZX Exchange and has secured key regulatory milestones, including Delaware registration. Meanwhile, CoinShares' XRP ETF is targeting a listing on Nasdaq, reinforcing the potential for XRP to gain a foothold in traditional investment portfolios [1].

The regulatory landscape for XRP ETFs has been shaped by a pivotal 2024 legal ruling in which Ripple emerged victorious against the SEC. The court determined that XRP is not a security, significantly reducing the regulatory risks associated with XRP ETF applications. This legal clarity has emboldened institutional players to pursue XRP ETFs with renewed confidence. Market analysts now estimate a 95% probability of XRP ETF approval, given the ruling's positive impact on investor sentiment and the broader market [1].

The SEC’s approval process for XRP ETFs follows a pattern observed in the approval of Bitcoin and Ethereum ETFs, which both faced prolonged regulatory scrutiny before eventual approval. The SEC has extended deadlines for XRP ETF decisions to October 2025, citing the need to address concerns such as market manipulation, liquidity, and investor protection. While delays have become routine, the growing familiarity with crypto ETFs and the precedent set by the Ripple case are expected to streamline the process for XRP ETFs compared to earlier applications [1].

Market analysts anticipate that the approval of XRP ETFs could lead to substantial market implications. Increased liquidity is expected to follow from easier access to XRP, potentially enhancing price stability and growth potential. Institutional adoption is also likely to rise as XRP ETFs attract a new cohort of investors who may previously have been hesitant to directly engage with the cryptocurrency market. Some forecasts suggest that XRP could experience significant price growth post-approval, driven by heightened demand and a broader investor base [1].

October 2025 is emerging as a critical period for XRP, with multiple ETF applications converging on the same deadline. This timing creates an environment of heightened anticipation among investors and market observers. Regulatory decisions, coupled with ongoing legislative efforts like the Digital Asset Market Clarity Act, are expected to shape the trajectory of XRP ETFs. Technical considerations, such as staking policies and in-kind redemption mechanisms, are also under review, highlighting the complexity of aligning ETF structures with existing market infrastructure [1].