- Grayscale’s XRP ETF filing has officially entered the Federal Register, setting an October 18, 2025, deadline for the SEC to approve or deny the application.
- At the time of writing, Ripple’s native token XRP is trading with $2.69 marking a 398.39% in the past year.
The approval process for a potential Grayscale XRP exchange-traded fund (ETF) has officially begun. The U.S. Securities and Exchange Commission has officially posted the Grayscale XRP ETF 19b-4 filing in the Federal Register, triggering a timeline for regulatory review and public commentary.
Grayscale XRP ETF Filing Enters Federal Register
On January 30, NYSE Arca submitted a 19b-4 application to convert Grayscale’s XRP Trust into a spot-based ETF. Following this, the SEC acknowledged the filing on February 13, initiating a call for public comments. Now, the agency has taken the next step by entering the filing into the Federal Register.
It is worth mentioning that with this development, the SEC now has a maximum of 240 days to make a final decision on the Grayscale XRP ETF. The deadline for this decision is set for October 18, 2025. However, the SEC retains the discretion to announce its verdict earlier.
In the same vein, during the review period, the SEC will assess the ETF’s regulatory compliance, investor protection measures, and potential market impact before determining whether it meets the requirements for approval. In the meantime, the filing’s entry into the Federal Register has opened a 21-day window for public comments.
Should the SEC approve the ETF, it would signify a major milestone for XRP adoption and institutional investment. A spot-based XRP ETF would provide regulated exposure to the digital asset, potentially increasing liquidity and driving further mainstream acceptance.
As we earlier reported, Spot ETF will soon kick off after Brazil’s securities exchange the ‘Comissão de Valores Mobiliários’ gave the green light to the very first spot XRP ETF.
Other XRP ETF Filings Expected to Follow
Grayscale’s filing is just one of several XRP ETF applications under review. As we have reported, the SEC has already acknowledged six other XRP ETF 19b-4 filings from whale financial firms, including Bitwise, Canary Capital, 21Shares, WisdomTree, and CoinShares. These filings are expected to be posted in the Federal Register in the coming days, triggering similar approval timelines.
The SEC’s decision on these XRP ETF applications could shape the future of institutional investment in XRP and the broader cryptocurrency market. Given the growing interest in digital asset ETFs, industry experts are closely monitoring the SEC’s stance.
Despite lingering regulatory uncertainty, investor confidence in an XRP ETF approval has surged. According to Polymarket data, the probability of the SEC approving an XRP ETF in 2025 has jumped to 81%, up from 80% the previous day. This increase in optimism aligns with speculations that the SEC’s evolving leadership might adopt a more crypto-friendly approach, potentially resolving the ongoing Ripple lawsuit.
Additionally, the SEC has acknowledged multiple Solana ETF filings from firms such as Grayscale, VanEck, Canary Capital, and Bitwise. These filings were also posted in the Federal Register, with decisions expected by October 16, 2025.