Ripple’s XRP is making headlines as the SEC acknowledges Grayscale’s proposal to convert its XRP Trust into an exchange-traded fund (ETF). While this doesn’t guarantee approval, it’s an important step forward, especially under the SEC’s new leadership.
Bloomberg analysts Eric Balchunas and James Seyffart estimate a 65% chance of an XRP ETF getting approved, which could bring in major institutional investment.
XRP isn’t the only crypto in the spotlight. Dogecoin has also entered the ETF race after the SEC acknowledged the New York Stock Exchange (NYSE) 19b-4 filing for both XRP and Dogecoin ETFs. This marks the start of the official review process.
Analyst James Seyffart shared the news on X, noting that while this was expected, it remains a key milestone. The SEC’s acknowledgment means the countdown for a decision has now begun.
If approved, a Dogecoin ETF could push the meme coin further into mainstream finance, while an XRP ETF would likely boost adoption and price. The SEC has also invited public comments on Grayscale’s Dogecoin ETF proposal, with responses due within 21 days. After that, the agency will decide whether to approve, reject, or extend the decision timeline.
Legal expert Jeremy Hogan predicts that the SEC could take between 8 to 12 months to approve any S-1 ETF filings. This means investors may have to wait before getting a final decision.
The acknowledgment of an XRP ETF comes as Ripple continues its legal battle with the SEC. Many believe an approval could be a turning point, possibly signaling the end of Ripple’s legal troubles. Some experts even suggest that if the SEC allows the fund, it could mean XRP is no longer considered a security, clearing a major hurdle for its future.
Ripple CEO brad garlinghouse
Analyst Nate Geraci believes the SEC’s decision shows a shift in attitude toward XRP, despite Ripple’s ongoing legal challenges. Optimism is growing as the SEC, under its new leadership, seems to be easing its aggressive stance on crypto enforcement.
The SEC is also expected to acknowledge additional XRP ETF filings from firms such as Bitwise, Canary Capital, WisdomTree, and 21Shares. Once these filings are listed in the Federal Register, the SEC will have 240 days to make a decision.
Following the ETF news, XRP has gained 4 percent and is currently testing resistance at $2.55. If it breaks above $2.72 and turns that level into support, it could confirm a rounded bottom pattern and push prices toward $3.15.
Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a bullish trend, with both indicators moving above key averages. However, if XRP fails to hold key levels, a drop to $2.26 is possible.
Which ETF Will Be Approved First – XRP or Dogecoin?
With both XRP and Dogecoin in the running, the big question is which one will get SEC approval first. If XRP wins, it could mark a new era for the token and set the stage for broader crypto adoption.
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