XRP: ETF approval underway? Analysts celebrate "very positive sign"
Movement in the crypto sector! A whole host of well-known asset managers, including industry giants such as Grayscale, Bitwise, and WisdomTree, submitted updated applications for spot ETFs on the digital currency XRP on Friday. This is seen in the crypto community as a clear signal that the U.S. Securities and Exchange Commission (SEC) could soon give the green light.
Leading market observers view the coordinated effort as an extremely positive sign. The consolidated submission of the revised documents strongly indicates that the companies are responding specifically to the SEC's feedback and demands. This removes a crucial hurdle in the lengthy approval process.
For example, well-known Bloomberg ETF analyst James Seyffart commented on Platform X that the applications were certainly a reaction to the SEC's feedback. His conclusion: "A good sign, but also largely expected." Nate Geraci, President of NovaDius Wealth, also expressed optimism: "A very good sign in my opinion," he wrote, emphasizing how remarkable the combined action was.
One downside remainsBunch of XRP ETF filings being updated by issuers today. Almost certainly due to feedback from SEC. Good sign, but also mostly expected pic.twitter.com/GiSL1kc6lt
— James Seyffart (@JSeyff) August 22, 2025
However, one giant is conspicuously missing from the list of applicants: BlackRock. The world's largest asset manager, which is already breaking records with its Bitcoin and Ethereum ETFs, is conspicuously holding back on XRP. At the beginning of August, the financial giant confirmed that it currently has no plans for its own XRP fund.
For XRP investors, however, recent developments are a cause for hope. The concerted action by ETF providers shows that pressure on the SEC is growing and the industry is working feverishly on a solution. This latest step is the clearest indication yet that the next major crypto ETF could already be in the starting blocks.
Gerd Weger has been successfully active in the markets since the 1980s and is known to many stock market participants as a columnist for €uro am Sonntag and as the operator of his legendary "Millionaire Depot." In 2017, he shifted his focus from stocks to cryptocurrencies and has now published a standard work: The focus is on the valuation factors of Bitcoin and other cryptocurrencies. The book systematically presents fundamental analysis approaches that are completely different from those used for stocks. Also important are considerations for tax optimization. For informed investors and traders, all of this is essential for sustainable investment success with cryptocurrencies.
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