XRP ETF News: Latest Approval Updates, Impact, and Price Insights in the Crypto World

XRP ETF developments have hit a real turning point lately, thanks to some big regulatory shifts and—finally—the first US-based fund launch. The Securities and Exchange Commission just approved new listing standards, making it way easier for crypto ETFs to get through. Before this, approvals dragged on for months, sometimes feeling endless.

The REX-Osprey XRP ETF launched on September 18, 2025, becoming the first XRP exchange-traded fund available to US investors. This huge milestone followed Ripple’s courtroom win against the SEC, which finally clarified that XRP isn’t a security. That little detail opened the floodgates—now there are several more XRP ETF applications in the pipeline.

Traders and investors are watching closely as eleven issuers have tossed their hats in the ring for XRP ETFs, with decision deadlines just around the corner in October and November. The SEC’s updated framework might speed things up, and there’s a real chance we’ll see big money flow into XRP products, kind of like what happened with Bitcoin and Ethereum ETFs earlier this year.

Key XRP ETF News and SEC Approval Developments

The XRP ETF landscape looks totally different in 2025. Bloomberg analysts are giving multiple applications a whopping 95% chance of approval. Big-name financial firms have already filed 19b-4 forms with the SEC, setting the stage for a flurry of decisions through October 2025. Ripple’s legal wins have cleared away most of the regulatory roadblocks for spot ETF approvals.

Spot XRP ETF Launches and Approvals

The SEC has started greenlighting XRP ETFs after these regulatory shakeups. Grayscale's Digital Large fund got the nod with XRP exposure, which is a big deal for crypto fans.

A bunch of applications are still on the table, each with its own timeline:

The REX-Osprey ETF already hit the market and is pulling in strong institutional inflows. That’s a clear signal investors want XRP exposure through more familiar investment vehicles.

Seven major firms recently tweaked their XRP ETF filings, which probably means they’re working closely with the SEC and making progress.

Major Players: BlackRock, Bitwise, and Grayscale

Grayscale is leading the XRP ETF pack with its $2.1 billion XRP Trust conversion application. They’re leveraging their Bitcoin ETF experience and strong ties with Coinbase custody.

Franklin Templeton jumped in back in February 2025, touting ultra-low fees and integrated brokerage services with Coinbase.

Bitwise and 21Shares are eyeing November 2025 for their joint application, betting on an 85% shot at approval with CSC Delaware as trustee.

Other big names like WisdomTree are in the mix too, aiming for December 2025 with Gemini as their custody partner.

Bloomberg Intelligence seems pretty bullish on these filings, mainly because the firms have ticked the right regulatory boxes—especially on surveillance-sharing and market manipulation.

Ripple's Legal Milestones and SEC Settlement

Ripple scored a major win when Judge Analisa Torres ruled that XRP isn’t a security when traded on exchanges. That 2023 decision set the stage for ETF approvals.

The US SEC dropped its appeal in March 2025, pretty much locking in XRP’s non-security status alongside Bitcoin and Ethereum.

Ripple’s legal victory ended a four-year legal slog that started back in 2020. The SEC insisted XRP was an unregistered security, but the courts didn’t buy it.

Now, XRP sits in the same commodity camp as other approved crypto ETFs. That shift removed the main regulatory roadblock that had blocked ETF applications for years.

The settlement finally gives the regulatory clarity institutional investors wanted. Banks and asset managers can now offer XRP without tripping over securities laws.

Market Impact, Analysis, and XRP Price Trends

The XRP ETF launch shook up the market, sparking a flurry of institutional moves. XRP’s price has bounced around—sometimes wildly—but there’s real growth potential. Trading volumes went through the roof on day one.

XRP Price Reactions and Forecasts

XRP shot up to $3.12 right after the ETF debut and the SEC’s rule changes. It’s now sitting near $3.04, pulling back a bit after the initial excitement.

The REX-Osprey spot XRP ETF kicked off with $37.7 million in debut volume, the biggest ETF launch day of 2025. XRP itself rallied more than 5% after the September 18, 2025 launch.

Some market analysts are calling for major long-term upside. AI models are tossing out numbers like $50 to $100 by 2035—which, if you do the math, would put XRP’s market cap between $3 trillion and $6 trillion. Wild, right?

Key price drivers:

• Federal Reserve rate cuts boosting risk assets

  
  

• Ongoing institutional inflows

  
  

• Regulatory clarity post-SEC settlement

Crypto analyst Lennaert Snyder thinks we’ll see a slow-and-steady climb, not a sudden moonshot. The old “buy the rumor, sell the news” pattern still holds for crypto ETFs.

Institutional Interest and ETF Trading Volumes

XRP futures on CME Group just cracked $1 billion in open interest for the first time. That’s a new record for institutional action in XRP.

Several fund managers updated their S-1 forms after the Ripple-SEC settlement—names like Canary, Franklin, 21Shares, WisdomTree, and Bitwise.

Exchange activity spiked right after the ETF launch. Liquidity looks strong enough to handle institutional demand without causing wild price swings.

Institutional adoption factors:

• Record trading volumes on debut

  
  

• Rising derivatives market activity

  
  

• Multiple ETF applications pending

Most analysts expect steady inflows to drive longer-term price growth. The conversation is shifting toward adding XRP to portfolios for the long haul, not just chasing quick gains.

Crypto Market Context: Comparing with Bitcoin and Ethereum ETFs

XRP now stands alongside Bitcoin and Ethereum, each hitting $1 billion in futures open interest. The entire crypto futures market? It’s topped $30 billion in total notional value.

XRP’s growth outpaces the other major crypto ETFs so far. You can sense a real institutional appetite here, even though XRP’s the latest to the party.

Bitcoin ETFs set the stage for institutional crypto products. Ethereum ETFs came next, with smaller but still notable volumes.

ETF comparison metrics:

Spot XRP ETFs need actual token holdings, so they can directly affect exchange liquidity. That’s a big deal—regulated custody requirements can add natural price support.

The ProShares ETF keeps attracting demand as XRP breaks out of those bull flag patterns. If the broader crypto market trends higher, technical analysis hints at some real outperformance potential here.