A major regulatory milestone is approaching for XRP investors, as the U.S. Securities and Exchange Commission (SEC) must make a crucial decision regarding the clearance of an exchange-traded fund (ETF) tied to XRP. The proposal, submitted by Grayscale , has now been published in the Federal Register —the official record for federal government activities—triggering a countdown for the SEC’s verdict.
SEC’s Deadline and Decision Timeline
The regulatory body has until October 18 to approve or reject the product, though it can issue a decision sooner. Given the SEC’s recent pattern of acknowledging multiple XRP ETF proposals, optimism in the market has surged.
Rising Approval Odds for XRP ETF
According to projections, the probability of an XRP ETF gaining regulatory approval in 2025 has soared to 81%, a significant leap fueled by recent developments. This positive momentum aligns with similar movements in the cryptocurrency ETF space.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Earlier this week, the Federal Register also included several Solana ETF applications from firms such as Grayscale, VanEck, Canary Capital, and Bitwise, with their approval deadline set for October 16.
Implications for XRP Holders
As regulatory clarity edges closer, XRP holders eagerly anticipate the October deadline. Should the SEC approve an XRP ETF, they anticipate potential market shifts. The coming months will be pivotal in shaping the future of institutional investment in digital assets, as the SEC’s stance on these products could set the tone for further crypto ETF approvals.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter , Facebook , Telegram , and Google News
