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 the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies. Quick Facts Full name Gary Scott Gensler Birth 18-10-1957, Baltimore, Maryland, United States Nationality American Education MBA from the University of Pennsylvania Marital status Married to Francesca Danieli (1986-2006) Net worth Estimated $100 million   Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies.   Gary Gensler - Career Highlights 1997 – Became Assistant Secretary of the Treasury. 2009 – Led CFTC, regulating financial derivatives post-2008 crisis. 2018 – Taught blockchain and crypto at MIT. 2021 – Appointed SEC Chairman, focusing on crypto regulations. 2022 – Proposed stricter rules for crypto exchanges. 2023 – Took legal action against major crypto firms. 2024 – Advocated for stronger stablecoin and DeFi regulations.   Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement.   Awards & Recognitions of Gary Gensler Year Institution  Description 2009 U.S. Treasury Financial Regulation Leader 2018 MIT Blockchain & Crypto Educator 2021 SEC SEC Chairman Overseeing Crypto Policies 2023 Bloomberg Most Influential Regulator in Crypto 2024 Forbes Top Policy Maker in Digital Assets   Useful Links to Connect With Gary Gensler Platform Link X (formerly Twitter) twitter.com/GaryGensler CFTC website Chairman Gary Gensler   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.

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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.

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