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The SEC has yet to make a decision on 12 XRP ETFs.
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The top issuers are Grayscale, VanEck and ProShares.
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BlackRock & Vanguard have not yet filed XRP ETF proposals.
Twelve XRP-based exchange traded funds (ETFs) have been officially filed with the U.S. Securities and Exchange Commission. This could lead to a major shift in crypto investment if these products are approved.
The XRP ETF race heats up, but Giants sit out
While established firms such as Grayscale, VanEck and Franklin Templeton are at the top of the list, there is a lot of buzz about who isn’t, namely BlackRock and Vanguard, two of the world’s leading asset managers. These twelve proposals span the final SEC deadlines of April to October 2025.
The surge in ETF applications follows a wave a renewed confidence following XRP’s legal clarification in its SEC fight. Ripple’s native coin is no longer considered to be a security, so institutional players can now bring XRP into traditional finance channels via exchange-traded products that are compliant.
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The products proposed range from spot ETFs and leveraged plays to reflect Wall Street’s desire for retail and institutional traders to be catered to.
Markets Wait for New SEC Chairman’s Approach
A crypto analyst posted ” Soon BlackRock” on X to hint at upcoming filings. Skeptics point out that no decision has been made about the XRP filings as their deadlines approach.
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” Did i miss an SEC Update??” asked one user. A strategist for an ETF responded, ” it’s coming together just in time,” implying that approvals could be bundled like the recent spot Bitcoin ETF.
New SEC Chair Brings Cautious Optimism
If approved, the XRP ETFs would signal Wall Street’s willingness to embrace altcoins beyond Bitcoin and Ethereum. If denied, this could raise questions about altcoin’s readiness in U.S. market. The crypto community is hopeful that with the appointment of Paul Atkins as the new SEC Chair, a more balanced approach will be taken towards crypto assets.
The next 180 days will determine if XRP becomes an ETF-backed investment or if it remains in regulatory limbo. The SEC will make the final decision.
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