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- SEC’s acknowledgment of multiple XRP ETF filings signals increased regulatory consideration, but approval is not yet guaranteed.
- Global interest in XRP ETFs, including Brazil’s first spot XRP ETF, could drive institutional demand and market growth.
As predicted in a recent CNF update, the U.S. Securities and Exchange Commission (SEC) may recognize XRP ETF filings this week. The SEC has recently acknowledged multiple spot XRP exchange-traded fund (ETF) filings, signaling a potential shift in regulatory stance toward XRP-based investment products.
This development has sparked optimism within the cryptocurrency community, as the approval of such ETFs could significantly impact XRP’s market dynamics.
SEC Acknowledges Multiple XRP ETF Filings
In a series of recent actions, the SEC has formally acknowledged spot XRP ETF applications from prominent asset managers, including CoinShares, Canary Capital, WisdomTree, Bitwise, 21Shares, and Grayscale.
This manifestation was also anticipated in a tweet by Digital Assets Daily, stating that the US SEC acknowledged three XRP ETF filings in one day.
US SEC Acknowledges Three XRP ETF FIlings in One Day https://t.co/jObITvbLEx
— Digital Assets Daily (@AssetsDaily) February 20, 2025
Market Response and Price Implications
These acknowledgments initiate a public comment period, during which the SEC will evaluate the proposals before making a final decision. While acknowledgment does not guarantee approval, it indicates that the SEC is actively considering these applications.
According to a Barron’s report, XRP experienced a notable price increase following the SEC’s acknowledgment of these filings. The cryptocurrency surged over 5% in a 24-hour period, reaching approximately $2.71.
This upward movement reflects growing investor confidence in the potential approval of XRP ETFs, which could lead to increased institutional participation and liquidity in the XRP market.
Future Outlook for XRP
Beyond the U.S., international developments further strengthen XRP’s case for mainstream adoption. Brazil’s securities regulator has approved the launch of the world’s first spot XRP ETF, managed by Hashdex. This milestone highlights the growing global demand for regulated XRP investment vehicles and may influence other jurisdictions to consider similar approvals.
As the SEC continues its review process, the cryptocurrency community remains focused on potential outcomes. The approval of one or more XRP ETFs could lead to substantial inflows from institutional investors, potentially driving XRP’s price to new highs.
However, the final decision rests with the SEC, and the market awaits further updates on this evolving situation.
As of now, Ripple (XRP) is trading at $2.65, reflecting a 2.09% decrease in the past day but a 3.34% increase over the past week.
