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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Feb 21, 2025 07:03 UTC
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XRP News: Grayscale’s XRP ETF Faces SEC Review – Decision by Oct 18!
Grayscale’s XRP ETF awaits SEC decision, with a final ruling expected by October 18.
Ripple’s ongoing lawsuit with the SEC might delay or impact the ETF approval process.
SEC’s approval of an XRP ETF could push XRP’s price toward its all-time high.
Grayscale’s push for an XRP exchange-traded fund (ETF) has reached a crucial milestone. The U.S. Securities and Exchange Commission (SEC) has officially posted the company’s 19b-4 filing to the Federal Register, marking the start of the review process. This means the SEC now has until October 18 to approve or reject the proposal.
With regulatory tensions surrounding XRP and the SEC’s cautious stance on altcoin ETFs, could this be the breakthrough that sends XRP soaring toward its all-time high of $3.84?
Let’s break down what this means for XRP’s future.
Grayscale Expands Its Crypto ETF Ambitions
Grayscale, one of the world’s leading crypto asset managers, is actively expanding its ETF offerings. After securing approval for a Bitcoin ETF, the firm is now looking to introduce additional cryptocurrency ETFs, including XRP.
According to Fox Business journalist Eleanor Terrett, the filing’s publication is a significant step in the regulatory process. While it doesn’t guarantee approval, it officially starts the clock for the SEC to review the application.
SEC Review Process and Key Deadlines
The SEC’s 240-day review process began on February 14, when the agency acknowledged Grayscale’s filing. As part of this process:
- A 21-day public comment period allows stakeholders to submit their opinions.
- The SEC will then evaluate feedback and assess the proposal.
- A final decision—approval, rejection, or an extended evaluation—must be made by October 18, 2025.
Ripple Lawsuit Could Delay Approval
Despite the progress, regulatory hurdles remain. The SEC has been locked in a legal battle with Ripple over whether XRP should be classified as a security. While Ripple has secured partial victories in court, uncertainty lingers regarding how the SEC will approach an XRP ETF.
Historically, the SEC has been more cautious about approving altcoin ETFs compared to Bitcoin ETFs due to concerns about market manipulation.
However, if approved, an XRP ETF could drive significant institutional investment and fuel price growth.
- Also Read :
- XRP Price Prediction For February 21
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XRP Price Analysis: Will a Breakout Happen?
XRP has been trading sideways between $2.40 and $2.80 over the past few weeks. Currently, it is priced at $2.66, reflecting a 1% drop in the last 24 hours, with a market cap of $154 billion.
Technical indicators suggest mixed signals:
- Relative Strength Index (RSI): 51.84 (Neutral)
- Commodity Channel Index (CCI): 69.60 (Neutral)
- Moving Average Convergence Divergence (MACD): Hinting at a possible bullish move
If XRP breaks above the $2.75–$2.80 resistance level with strong volume, it could climb to $3 and potentially test $3.40.
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If history is any indicator, the SEC’s ruling could set the tone for the future of altcoin ETFs.
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