The US Securities and Exchange Commission (SEC) is currently reviewing multiple XRP ETF applications, with the majority awaiting final decisions. However, the recent Ripple lawsuit dismissal has brightened prospects for SEC approval as it provides much-needed regulatory clarity. 8 major XRP ETF filings are currently pending a decision by October 2025. Here’s a breakdown of those applications and their status:
**List of XRP ETFs Filings:**
– ProShares Ultra XRP ETF: Application filed on January 17, 2025 and approved for listing on the NYSE Arca in mid-July 2025. The ETF launched on July 18, 2025, providing 2x leveraged exposure to XRP futures.
– Grayscale XRP ETF: Application filed on November 21, 2024 via Form 19b-1 to convert its XRP Trust into an ETF. The SEC is expected to decide on October 18, 2025.
– 21Shares XRP ETF: Application filed on November 21, 2024 via Form 19b-1 to register its Core XRP Trust shares for listing on the Cboe BZX Exchange. The SEC officially acknowledged this application on February 19th and a final decision is expected on October 19, 2025.
– Bitwise: Application filed on December 2, 2024 via Form S-1 to launch a spot XRP ETF that would hold XRP directly. The SEC officially acknowledged this application on February 19th and the final decision is expected on October 20, 2025.
– Canary Capital: Application filed on October 8, 2024 via Form S-1 to launch a spot XRP ETF. Investors can gain direct exposure to XRP’s price without needing to buy, hold or manage the cryptocurrency themselves. The SEC officially acknowledged this application on February 19th and a final decision is expected on October 24, 2025.
– WisdomTree: Application filed on December 2, 2024 via Form S-1 to launch a spot XRP ETF that directly tracks the price of XRP. The SEC officially acknowledged this application on February 19th and a final decision is expected on October 25, 2025.
– Franklin Templeton: Application filed on March via Form S-1 to provide a regulated institutional investment vehicle that directly holds XRP tokens. The final deadline for approval or disapproval is expected on October 25, 2025.
– CoinShares: Application filed on January 24, 2025 via Form S-1 to launch a spot XRP ETF. This aims to provide investors with regulated, direct exposure to XRP through a traditional exchange-traded fund. The SEC officially acknowledged this application on February 19th and the final decision is expected on October 25, 2025.
– RexShares Rex-Osprey: Application filed on January 21, 2025 via Form S-1 to launch a spot XRP ETF that holds XRP tokens directly. The SEC was expected to make a decision on July 25th but this got delayed allowing more time for review before granting approval.
– Volatility Shares XRP ETF: Application filed on May 21, 2025 via Form N-1A Post-Effective Amendment registration. This plan is to launch both a 1x XRP futures ETF and a 2x leveraged XRP futures ETF. The SEC’s decision timeline was scheduled for July 2025 but was later delayed.
What’s Next?
Nate Geraci, President of NovaDius Wealth Management, believes the SEC will soon unveil a standardized crypto framework to oversee multiple XRP ETFs and other crypto-based ETFs. If implemented, this could lead to a surge in approvals for spot and futures XRP ETFs between October–December 2025.
**FAQs:**
– How many XRP ETF applications are pending with the SEC? Eight major XRP ETF filings are awaiting SEC decisions, with deadlines in October 2025.
– What does Ripple’s lawsuit dismissal mean for XRP ETFs? The lawsuit dismissal provides much-needed regulatory clarity and improves the odds of SEC approval.
– Could multiple XRP ETFs launch in 2025? Yes, experts expect a wave of spot and futures XRP ETF approvals between October–December 2025.