Vivek (@Vivek4real_), a prominent crypto pundit and Bitcoin Magazine reporter, recently highlighted a significant development on X.
Vivek shared a prospectus for multiple Exchange-Traded Funds (ETFs), including one for XRP, filed with the U.S. Securities and Exchange Commission (SEC).
This document includes high-profile digital assets such as Ethereum, Bitcoin, and Solana, alongside unexpected names like $TRUMP, Donald Trump’s recently launched meme coin , Dogecoin, and Bonk.
$TRUMP , $BONK , $DOGE ETFS JUST GOT FILED WITH THE SEC 👀 pic.twitter.com/Mh2ruifttM
— Vivek⚡️ (@Vivek4real_) January 21, 2025
ETF Filings Closer than Ever to Approval
For years, the possibility of crypto ETFs, especially for XRP, has been a topic of speculation among industry observers. The increasing mainstream adoption of cryptocurrencies prompted financial institutions to explore ETFs to offer regulated exposure to digital assets.
However, regulatory challenges under former SEC Chair Gary Gensler’s leadership posed significant obstacles. He approved ETFs for Bitcoin in January 2024, and Ethereum ETFs a few months later.
Late in 2024, several firms began filing for XRP ETFs , but the SEC did not approve any, as it had appealed the final ruling in its legal battle with Ripple. The SEC also ignored filings for assets like Solana and others, revealing in December that it would not approve any SOL ETF applications under the Biden administration.
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With the resignation of Gary Gensler and the new administration led by Donald Trump, the first-ever pro-crypto U.S. President, market participants are hopeful for a more crypto-friendly approach to ETF approvals.
An XRP ETF approval could mark a pivotal moment for the digital asset market. As the third-largest cryptocurrency by market capitalization, XRP’s inclusion in regulated investment products could substantially boost its adoption among institutional and retail investors. Such developments would help enhance liquidity and strengthen XRP’s position as a global payment solution.
Will the SEC Finally Approve XRP ETFs
While multiple assets have pending ETF applications, XRP is a unique addition, as the legal battle between Ripple and the SEC has not officially ended, and the SEC filed its opening brief just a few days ago. While this lawsuit has lingered above XRP and its investors since 2020, it may be nearing its end.
Many experts believe the new administration will dismiss all non-fraud crypto-related lawsuits. This includes the XRP lawsuit and would finally set XRP free from unnecessary regulatory shackles, and pave the way for XRP ETF approval.
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.
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