Is Grayscale XRP ETF Approval Just 240 Days Away?

2025 has been a rollercoaster year for XRP. On January 16, XRP touched an all-time high of $3.39. Since then, the price has been consolidating within a symmetrical triangle, and experts believe a breakout is imminent.

Now, the spotlight is back on XRP as Grayscale has filed to convert its XRP Trust into a publicly traded ETF—a move that could change everything for the XRP market.

Grayscale Files for XRP ETF, SEC Acknowledges Application

Grayscale is pushing to transform its XRP Trust into an ETF, and it has officially applied to the SEC. The U.S. Securities and Exchange Commission has now acknowledged the filing, triggering a 240-day countdown for approval or rejection.

Why an XRP ETF Could Be a Game-Changer

With a market cap of $128 billion and 24-hour volume of $2.6 billion, XRP is the third-largest cryptocurrency after Bitcoin and Ethereum (excluding stablecoins).

If the XRP ETF gets approved:

• Traditional investors could enter the XRP market.
  
• It would boost liquidity and trading volumes.
  
• It could solidify XRP’s status alongside BTC and ETH—both of which already have ETFs.
  

Ripple vs SEC  Legal Settlement Strengthens the Case

Ripple and the SEC are moving toward a final settlement. They’ve filed a joint motion to release $125 million in escrow, with $75M returning to Ripple and $50M going to the SEC. This step signals the end of a years-long legal battle, improving XRP’s position for ETF approval.

XRP Price Gains and Political Tailwinds Support ETF Hopes

XRP’s performance in the last year has been strong:

• 340.1% rise in the last 12 months
  
• 4.02% growth this quarter
  
• 0.45% gain in the previous quarter
  

The broader market sentiment is also bullish. Pro-crypto U.S. President Donald Trump has implemented crypto-friendly policies, further fueling optimism around XRP and digital assets.

What Could Happen Next: Timeline and Challenges Ahead

While excitement is high, approval is not guaranteed. Crypto researcher Ripple Van Winkle cautions that:

• The SEC has historically been slow to approve crypto ETFs.
  
• XRP’s past legal issues with the SEC could complicate the review.
  

If rejected, it would signal ongoing regulatory resistance to crypto, especially XRP.

Bottom LineThe XRP ETF application is a potential turning point. With strong price momentum, growing legal clarity, and a more supportive U.S. government, all eyes are now on the SEC’s next move. A green light could unleash the next XRP bull run.