New Key Date for XRP Holders: Grayscale’s XRP ETF Filing Hits Federal Register

New Key Date for XRP Holders: Grayscale’s XRP ETF Filing Hits Federal Register

Grayscale’s XRP ETF Filing Enters Federal Register, SEC Decision Expected by October 2025

Grayscale’s application to launch a spot XRP exchange-traded fund (ETF) has officially entered the Federal Register, setting the stage for a regulatory review by the U.S. Securities and Exchange Commission (SEC). The agency now has until October 18, 2025, to approve or reject the proposal, though a decision could come sooner.

Grayscale XRP ETF Approval Process Underway

The process began on January 30, when NYSE Arca submitted a 19b-4 filing to convert Grayscale’s XRP Trust into a spot-based ETF. The SEC acknowledged the application on February 13, calling for public comments. With its formal inclusion in the Federal Register, a 21-day public feedback period is now open, after which the SEC will evaluate the ETF’s compliance, investor protections, and market impact.

If approved, this would mark a major milestone for XRP, granting institutional investors regulated exposure to the asset. The ETF could significantly boost XRP liquidity and adoption, much like the impact seen with Bitcoin ETFs.

XRP Price Surges as ETF Optimism Grows

At the time of writing, XRP is trading at $2.69, reflecting a staggering 398.39% increase over the past year. Investor sentiment remains bullish, with data from Polymarket showing an 81% probability that the SEC will approve an XRP ETF in 2025—up from 80% the previous day.

This growing optimism coincides with speculation that the SEC’s leadership may adopt a more crypto-friendly stance, particularly as the agency continues to face legal challenges related to its oversight of Ripple.

More XRP ETF Filings Expected

Grayscale’s XRP ETF application is just one of several currently under review. The SEC has already acknowledged six additional 19b-4 filings from financial giants, including Bitwise, Canary Capital, 21Shares, WisdomTree, and CoinShares. These applications are expected to enter the Federal Register soon, triggering their own approval timelines.

The SEC’s decisions on these filings will likely shape the future of institutional investment in XRP and the broader cryptocurrency market. Meanwhile, regulatory developments extend beyond XRP—Solana ETF filings from Grayscale, VanEck, Canary Capital, and Bitwise have also been submitted, with October 16, 2025, as their expected decision deadline.

What’s Next for XRP Investors?

With the SEC’s final verdict on Grayscale’s XRP ETF expected by October 18, 2025, market participants are closely watching for regulatory signals. Should approval be granted, XRP could experience another surge in demand, further solidifying its role in the digital asset ecosystem.