XRP ETF News: SEC May Review Grayscale Filing – Key Date Revealed

The buzz around an XRP exchange-traded fund (ETF) is growing louder, and investors are watching closely. FOX Business journalist Eleanor Terrett suggests that the US Securities and Exchange Commission (SEC) could acknowledge Grayscale’s 19b-4 filing for an XRP ETF as early as February 13, 2025. If that happens, it could be a major step toward XRP joining the ranks of Bitcoin and Ethereum, both of which already have spot ETFs.

This development comes after NYSE Arca applied on January 30 to list and trade shares of Grayscale’s XRP Trust, mirroring its Bitcoin and Ethereum Trusts.

But will the SEC approve it? And how does the ongoing Ripple lawsuit play into this? The road ahead is full of twists and turns – here’s what you need to know.

What the SEC’s Next Move Could Mean for XRP

Terrett noted that the SEC usually acknowledges such filings within 15 days. If that happens, it could give insights into how the current SEC leadership views XRP. This is important because, under former SEC Chair gary gensler gary gensler Gary Gensler is a pioneer and the current chair of the U.S. Securities and Exchange Commission. He has extensive experience that spans Wall Street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. Gary S. Gensler was on born October 18, 1957, in Baltimore, Maryland.He graduated from Pikesville High School in 1975, where he was later given a Distinguished Alumnus award. He also earned a degree in economics.Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Markets from 1997 to 1999, then as Undersecretary for Domestic Finance from 1999 to 2001He has expressed his desire to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages. Chairman , XRP was considered an unregistered security. That stance was later challenged when a federal court ruled that XRP is not a security.

XRP Faces Tougher Odds – Here’s Why

While the possibility of an XRP ETF is exciting, Bloomberg analysts James Seyffart and Eric Balchunas estimate only a 65% chance of approval this year. This is notably lower compared to Litecoin (90%), Dogecoin (75%), and Solana (70%). The odds could improve dramatically if the SEC acknowledges Grayscale’s filing and resolves the ongoing Ripple lawsuit. Seyffart also noted that an XRP ETF approval is unlikely until the lawsuit concludes.

• Also Read :
•   XRP Price Prediction For February 12
•   ,

Legal Challenges & Timeline for XRP ETF

Pro-XRP lawyer Jeremy Hogan agrees that an XRP ETF approval is unlikely before the Ripple vs. SEC case is settled. However, he also said that there is little left to argue in the case, making a resolution the next logical step.

Even if the SEC does move forward, the approval process could still take 8 to 12 months due to the required S-1 filing. Meanwhile, Nasdaq has also requested SEC approval to list XRP ETFs, which would allow investors to gain exposure to XRP without directly owning it. If approved, strong demand could push XRP’s price higher.

Could the Crypto Task Force Change Everything?

The SEC’s newly formed Crypto Task Force is working to clarify cryptocurrency regulations, which could influence ongoing legal battles, including Ripple’s case.

Recently, the SEC and Binance filed a joint motion to pause their lawsuit for 60 days, raising speculation that similar delays could happen in the Ripple case. Some believe the SEC might be waiting for former SEC Commissioner Paul Atkins’ confirmation on the matter before making a decision.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Subscribe to News

The pieces are moving, the stakes are high, and XRP’s future hangs.