As the Ripple vs SEC lawsuit nears its end, attention is shifting toward XRP ETFs. Multiple asset managers have filed applications, with the U.S. SEC acknowledging some of these filings. A Ripple-focused expert, All Things XRP, recently released a breakdown of the current state of nine XRP ETF applications and when approvals may be expected.
XRP ETF Approval Timeline for Major Asset Managers
Top asset managers Bitwise, Canary Capital, 21Shares, and Grayscale have submitted XRP ETF applications to the SEC. According to data shared by All Things XRP on X, all four entities have received formal acknowledgments from the regulator.
Bitwise filed for its XRP ETF on October 2, 2024. The SEC officially acknowledged the application on February 18, 2025. All Things XRP stated that Bitwise is expected to receive approval by May 18, 2025.
Canary Capital filed its application on October 8, 2024. The SEC acknowledged it on the same day as Bitwise. The expert predicts a May 22, 2025, approval date.
21Shares submitted its XRP ETF filing on November 1, 2024. The SEC issued its acknowledgment on February 14, 2025. Approval is expected by May 22, 2025, based on review timelines.
Grayscale filed to convert its XRP Trust into an ETF on January 30, 2025. The SEC recognized the filing on February 14, 2025. Based on the expert’s insights, Grayscale may secure approval by May 21, 2025.
July-August Approval Expected for More XRP ETFs
Additional asset managers, such as WisdomTree and CoinShares, are also in the review pipeline. Their applications have moved to the next stage after SEC acknowledgment.
WisdomTree filed its ETF application on December 2, 2024. The SEC acknowledged the filing on February 19, 2025. A potential decision is expected by July 2025.
CoinShares entered the ETF space with a filing on January 24, 2025. SEC acknowledgment came on February 19, 2025. The expert estimates an approval window around August 2025.
ProShares, Volatility Shares, and Franklin Templeton Await Later Approvals
ProShares filed its XRP ETF application on January 17, 2025. The SEC recognized it on March 3, 2025. Approval is anticipated by November 2025, according to the expert.
Volatility Shares submitted its application on March 7, 2025. The acknowledgment from the SEC arrived on March 24. Regulatory approval may come by December 2025.
Franklin Templeton filed to launch its XRP ETF on March 11, 2025. The SEC acknowledged it on March 27. Approval is also estimated for December 2025. NYSE Arca has approved listing and registration of Teucrium’s 2X Long Daily XRP ETF.
Expert Says All XRP ETFs Will Be Approved in 2025
The expert noted that all nine XRP ETFs are expected to be approved by the end of 2025. The community is watching closely as each application progresses through the regulatory process.
Ripple’s whale activity has increased in recent weeks, according to on-chain data. Asset managers continue to explore XRP-based products as Ripple’s regulatory position becomes more defined.
The Securities and Exchange Commission’s formal acknowledgments play a critical role in maintaining the application process. All applications need to complete multiple stages even after receiving formal acknowledgment from the SEC.
The report relies on All Things XRP on X expert information, while prediction dates stem from existing SEC review protocols and past ETF approval patterns.
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