The SEC has acknowledged a groundbreaking XRP ETF application from NYSE and Grayscale, setting a 240-day deadline for a verdict. This filing represents the first instance of the SEC formally acting on an XRP ETF proposal, signaling a potential shift in the agency’s approach to crypto-related ETFs.
Amid XRP’s high-profile legal battle with the SEC, the timing raises questions about how this decision could ripple – ha! Ripple, get it? – through the ETF market and reshape the regulatory landscape for crypto assets.
What Does the SEC’s Acknowledgment of XRP Mean?
By filing a 19b-4 form, the SEC has placed an XRP ETF proposal under formal review. Approval, rejection, or further proceedings are all in play, though the acknowledgment itself hints at potential regulatory movement.
XRP’s history with the SEC is deeply fraught. They were in the regulatory graveyard for the entirety of Joe Biden’s presidential administration.
$XRP holders right now. pic.twitter.com/BL8OYrrt4b
— John Squire (@TheCryptoSquire) February 13, 2025
Ripple Labs was sued in 2020 for allegedly selling XRP as an unregistered security. While Ripple gained a partial win in court, the legal dust is far from settled. The SEC actively appeals to parts of the decision, keeping XRP in limbo.
Despite this, analysts see signs of progress. Bloomberg’s James Seyffart and Eric Balchunas peg the odds of XRP ETF approval by 2025 at 65%. “They could have easily rejected this filing. Enormous message [in my opinion],” wrote Balchunas.
What’s at Stake for XRP Investors?
Crypto ETFs are gathering steam despite XRP’s ongoing legal troubles. Solana, Dogecoin, and Litecoin ETFs are next in line for SEC review, with decisions anticipated by October. Analysts predict strong odds for Litecoin’s approval at 90% and Dogecoin’s at 75%.
The rise of crypto ETFs signals the growing acceptance of digital assets in traditional finance.
Regulatory shifts under new SEC leadership have already greenlit spot Bitcoin and Ethereum ETFs this year, setting the stage for broader market integration.
If approved, the XRP ETF could open doors for institutional investment and bring much-needed legitimacy to the asset. Such a move might stabilize XRP’s legal saga, reassuring institutional investors.
More broadly, XRP’s success could spark renewed ETF fever, ushering in a new era for crypto-based financial offerings.
BTC Bull Token Presale Could Outperform Ripple
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Bitcoin’s 125% rally in 2024 has it eyeing $150,000, a 54.7% jump from its current $96,974. If it doubles again, $BTCBULL holders inch closer to the first token burn, adding further intrigue to the project.
They had their time. Now BTCBULL is taking over. 🐂 pic.twitter.com/H4867hw8V3
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The next big milestone for Bitcoin is 2025, the post-halving year. Historically, crypto thrives in that window—Februarys alone in post-halving years consistently deliver double-digit Bitcoin gains.
BTC Bull Token investors stand to benefit, especially those staking at 308% APY. Early adopters of $BTCBULL could ride a wave of Bitcoin momentum straight into 2025 while collecting airdrops along the way.
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Stay in the loop via X and Telegram as $BTCBULL shakes up the market.
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