- Bitwise, Grayscale, and 21Shares are expected to receive SEC approval for their XRP ETFs by mid-May 2025, according to expert analysis.
- WisdomTree and CoinShares anticipate regulatory clearance for their XRP ETFs between July and August as part of the ongoing approval wave.
- All nine XRP ETFs are projected to be approved by December 2025, with filings and SEC acknowledgments completed by early 2025.
The approval timeline for nine XRP exchange-traded fund (ETF) applications has come into sharper focus as regulatory proceedings advance. According to updates shared by Ripple-focused analyst “All Things XRP,” asset managers including Bitwise, Grayscale, CoinShares, and 21Shares are positioned to receive approval from the U.S. Securities and Exchange Commission by the end of the year.
Bitwise, 21Shares, Grayscale, and Canary Capital are scheduled to be the first batch to receive decisions. Bitwise filed for its XRP ETF in October 2024 and received acknowledgment in February 2025. A final decision is expected by May 18. Canary Capital and 21Shares, with applications recognized by the SEC in February, anticipate approvals by May 22. Grayscale, which aims to convert its existing XRP Trust into an ETF, could receive clearance by May 21.
More Approvals Projected Mid-Year
Additional applications are progressing through the regulatory process. WisdomTree’s filing, submitted in December 2024 and acknowledged by the SEC in February 2025, is expected to secure approval by July. CoinShares, having filed in January 2025, is on a similar trajectory with a potential green light forecasted for August.
Three more asset managers are expected to complete the approval cycle later in the year. ProShares, which submitted its application in January and received SEC acknowledgment in March, is targeting a November decision. Volatility Shares and Franklin Templeton, both of which filed in March 2025 and received recognition later that month, are projected to receive approval in December.
All nine ETF applications have now cleared the initial SEC acknowledgment stage. The anticipated approvals come amid a broader regulatory shift and the nearing conclusion of the SEC’s ongoing lawsuit against Ripple. This momentum has intensified market interest in XRP-linked financial products.
