The XRP ETF space is heating up as major asset managers edge closer to SEC approvals. All nine proposed funds have passed the initial review stage and now await final decisions. Expert insights reveal that the regulatory timeline could result in multiple XRP ETF launches by the end of 2025.
Bitwise, Canary Capital, 21Shares, and Grayscale Enter Final Phase
On February 18, 2025, Bitwise submitted its spot XRP ETF application to the SEC which was first acknowledged on October 2, 2024. The asset manager predicated a complete regulatory approval on May 18, 2025 for what will become one of the first expected decisions. The increasing number of financial institutions shows a growing commercial interest in XRP-based exchange-traded funds.
On October 8, 2024 Canary Capital submitted its XRP ETF proposal while simultaneously obtaining approval from the SEC at the same time as Bitwise. The company provides forecasts showing approval will come on May 22, 2025 following standard review periods for leading firms within the industry. The OK of Canary Capital will most likely lead to an immediate start of product development.
The application from 21Shares reached the SEC on November 1, 2024 followed by SEC approval on February 14, 2025. The expected decision date for its XRP ETF stands at May 22, 2025. Grayscale applied to turn its XRP Trust into an ETF through a filing on January 30, 2025 and anticipates receiving approval by May 21, 2025.
XRP ETF Launches Planned for 2025
WisdomTree initiated ETF proceedings for XRP through an application on December 2, 2024 and received acknowledgment from the SEC on February 19, 2025. The firm seeks SEC approval for its product during the second half of 2025 which signifies its intention to enter the market at mid-year. WisdomTree maintains a favorable position for launching their product in the third quarter of this year.
The CoinShares application to launch an ETF took place on January 24, 2025, and received approval from the SEC on February 19. The expert suggested that their platform will seek authorization during August 2025. XRP ETF filing reviews by the SEC seem to follow a regular time frame according to this general trend.
The organizations are preparing for future stock exchange submissions after obtaining approval. The timing for these applications depends both on regulatory preferences at the national level. Fund managers exhibit growing optimism through the ETF assessment process, which is demonstrated by its constant movement.
Ripple Products Gain Institutional Market Support
ProShares entered the XRP ETF competition in early 2025 by filing on January 17 and obtaining SEC approval by March 3. The company will have ample time between the November 2025 approval and operational logistics completion. Its scheduling process beats other late applications that have entered the market.
The Volatility Shares launched on March 7, 2025, and secured approval from the SEC on March 24. The expert suggests that the ETF will secure SEC approval in December 2025. Franklin Templeton participated in the market on March 11, submitting its filing before the SEC acknowledgment arrived on March 27.
The XRP ETF from Franklin Templeton may receive regulatory approval in December 2025. The Teucrium 2X Long Daily XRP ETF was approved for listing by NYSE Arca. Due to the developing situation, Ripple-backed financial products are showing increased acceptance among institutions.
