According to Fox journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) may acknowledge Grayscale’s XRP spot ETF filing as early as Thursday, February 13, 2025. The regulatory agency typically has 15 days to acknowledge a 194-b filing, and Grayscale submitted its application on January 30.
XRP ETF Approval Prospects and Market Implications
According to the table shared by Seyffart, the likelihood of approval for an XRP spot ETF in 2025 currently stands at 65%. Even though SEC has not yet acknowledged the filing, but the announcement of the acknowledgement date will be a crucial indicator of the regulator’s stance on Ripple’s native cryptocurrency token as an investment vehicle.
There has also been filing of other crypto assets such as the Litecoin, Solana, and Dogecoin and all of these digital assets also have different approval probabilities. There are high possibilities for Litecoin with 90% approval chances, followed by Dogecoin at 75% chances, and finally Solana at 70% chances of approval.
These probabilities reflect market sentiment and SEC classification consideration which involves the potential categorization of cryptocurrency as a security or commodity impacting its regulatory environment and adoption.
SEC’s Position and Market Expectations
One of the most crucial point in XRP’s ETF approval is its classification. According to the SEC, Dogecoin, Litecoin, are classified as commodities, whereas Ripple’s native cryptocurrency token faces regulatory challenges as it has been classified as a security by the SEC and the case is still ongoing. This impacts the chances of approval tremendously.
If the XRP-ETF is acknowledged, this filing will provide an insight as to how the SEC, under the current administration, views XRP and if the regulatory landscape of the agency is shifting or not.
With this being said, the crypto community will now be on a lookout for any further updates, specially on February 13, because an acknowledgement could lead to significant development in the token’s positioning within the market.
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