XRP Spot ETFs: May 22 Deadline Looms as SEC Weighs Applications

Crypto researcher SMQKE (@SMQKEDQG) has highlighted a potentially pivotal date for XRP spot exchange-traded funds (ETFs): May 22. This deadline coincides with the SEC’s expected response to Grayscale’s XRP spot ETF application and adds significance to the timeline following Teucrium’s successful approval of their 2x Leveraged XRP ETF. The SEC is actively reviewing numerous applications for XRP spot ETFs, signaling a formal regulatory process. The recent approval of Teucrium’s leveraged product has heightened pressure on the SEC to justify why less risky spot products should not be granted approval.