XRP Exchange-Traded Fund in North America Reaches Significant Landmark
In the world of cryptocurrency, the race to launch Exchange-Traded Funds (ETFs) based on popular digital assets is heating up. While the US Securities and Exchange Commission (SEC) has yet to approve a spot XRP ETF, several applications are currently under review, with a probable decision expected by late 2025.
### The Current State of XRP ETFs in the US
The SEC has opened a public comment period on Franklin Templeton’s spot XRP ETF filings, effectively delaying the decision deadline by about 35 days to late July 2025. This period is a critical procedural step and not an approval or rejection itself. In parallel, the SEC is also reviewing spot ETF applications for other altcoins like Solana and Litecoin, indicating a cautious but progressive stance toward crypto ETFs beyond Bitcoin and Ethereum.
Several XRP futures ETFs are in the pipeline, with firms such as ProShares and Grayscale filing for these, signalling strong institutional interest even before spot ETFs are approved.
### Timeline for XRP ETF Approval
Industry experts and the SEC anticipate that the verdict on XRP spot ETF applications will come by late 2025, possibly after the public commentary and rebuttal periods close in July and the SEC completes its review. Market analysts and projects estimate high odds (around 89%) for XRP ETF approval by the end of 2025, driven by improved legal clarity around Ripple and growing institutional backing.
### Implications of Approval
If approved, XRP spot ETFs would mark a pivotal moment for altcoins in the US, potentially launching an "Altcoin ETF Summer" with broad institutional adoption. This could boost XRP’s price significantly, with some analysts predicting a surge to $3-$6 or even higher by the end of 2025, depending on market conditions.
The growing institutional interest, including from major banks and asset managers, enhances XRP’s legitimacy and market liquidity.
### Canada's XRP ETF Market
Meanwhile, north of the border, Canada's ETF market is relatively small compared to that of the US, with $432 billion and $10 trillion worth of assets under management, respectively. However, 3iQ was among the first issuers to launch a spot ETF in Canada, debuting competing XRP ETFs with Purpose Investments and Evolve Funds Group.
The 3iQ XRP-based ETF, the largest North American spot ETF focused on the Ripple-linked token, has surpassed $50 million in assets under management. According to CEO and President Pascal St-Jean, both retail and institutional investors are responsible for the product's early success.
As the regulatory landscape for cryptocurrencies continues to evolve, the potential approval of XRP spot ETFs in the US could signal a new era for altcoins, bringing increased legitimacy, institutional backing, and potentially significant price increases.
- With the SEC reviewing spot ETF applications for altcoins like Solana and Litecoin, it appears that the regulatory body is taking a cautious yet progressive stance towards crypto ETFs beyond Bitcoin and Ethereum.
- Several XRP futures ETFs are in the pipeline, signaling strong institutional interest even before spot XRP ETFs are approved.
- If approved, XRP spot ETFs would mark a pivotal moment for altcoins in the US, possibly launching an "Altcoin ETF Summer" with broad institutional adoption, potentially boosting XRP’s price significantly.
