According to Jaiko Research, Ripple’s XRP has the highest number of ETF filings. The analysis firm’s data shows there are 10 active XRP ETF applications. XRP is followed by Solana (SOL), which has five live applications, and Litecoin (LTC) and Dogecoin (DOGE, which have three each, followed by others.
Also Read: Amazon Set to Accept $XRP Payments—Ripple Price Predicted to Reach $2.10 by April 2025
Will The SEC Approve An XRP ETF This Year?
According to a report by Bloomberg ETF analysts James Seyyfart and Eric Balchunas, Ripple’s XRP token has a 65% chance of approval. The report says that the asset’s 19b-4 has not been acknowledged. This development has since changed. The 19b-4 filing for Grayscales’s XRP ETF was posted to the Federal Reserve on Feb. 14. The authorities now have until Oct. 18 to make their decision.
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There is a high chance that the US will get several crypto-based ETFs this year. There is a pro-crypto administration in power. President Trump has said he wants the crypto industry to thrive in the US. An ETF for Ripple’s XRP may see the light of day very soon.
The SEC also has a new chair. The US Senate confirmed Paul Atkins as the new head of the financial watchdog. Outgoing SEC chair Gary Gensler was often in a negative light within the crypto space. Many are hopeful that Atkins will be more lenient to the crypto industry.
Will The Asset Rally If An ETF Is Approved?
There is a high chance that Ripple’s XRP will soar to new heights if an ETF is approved. Bitcoin (BTC) hit multiple all-time highs after the SEC approved 11 spot BTC ETFs last year. We may see a similar pattern for XRP.
Also Read: XRP Price Prediction: M2 Surge & ETF Deadline Hint $10 Breakout
The SEC also dropped its litigation against Ripple earlier this year. With its legal woes out of the way, XRP may hit a new all-time high soon.
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