The path towards accessible XRP Exchange-Traded Funds (ETFs) appears to be gaining momentum as regulatory approvals inch closer. Industry experts anticipate that nine distinct applications for XRP ETFs will receive the green light from the U.S. Securities and Exchange Commission (SEC) by December 2025. The approval timeline is expected to unfold in phases, with a significant wave of decisions anticipated within the next few months.
Bitwise, Grayscale, CoinShares, and 21Shares are set to receive SEC approvals for their XRP ETFs this year, with early estimates placing the potential timeframe around May 2025. This is followed by WisdomTree and CoinShares, each anticipating regulatory clearance between July and August 2025.
The momentum generated from these approvals is expected to propel further growth in the XRP-linked financial products market as more players in the industry seek opportunities in this space.
Several key players are anticipated to receive approval for their applications. Bitwise, which filed its XRP ETF application in October 2024 and received SEC acknowledgment in February 2025, is poised to be one of the first companies to be granted approval by May 18. Canary Capital and 21Shares with similar timeline anticipate approvals by May 22. Grayscale, meanwhile, seeking to convert its existing XRP Trust into an ETF, could receive approval by May 21.
Further approvals are expected later in the year from WisdomTree, CoinShares, and ProShares, with a focus on November 2025 as their projected deadline.
The current regulatory developments have created heightened market interest for XRP-linked financial products as the SEC’s lawsuit against Ripple nears its conclusion. This is further fueling optimism about the future of these products.