The SEC Could Approve Grayscale’s XRP ETF Before October 18

The SEC has officially acknowledged six XRP ETF 19b-4 filings, marking a significant step forward for these investment products.

The acknowledged filings include Grayscale, Bitwise, Canary Capital, 21Shares, and CoinShares. These acknowledgments initiate a 21-day public comment period, which will be opened to the public so as to allow stakeholders to provide feedback on the proposal.

Afterward, the SEC will review the filings, considering factors such as investor protection concerns, market integrity, and potential manipulation risks, and then decide whether to approve, reject, or initiate further proceedings.

Grayscale’s proposal aims to convert its existing XRP Trust into a fully tradable ETF on the New York Stock Exchange (NYSE) Arca. If approved, this proposal will go a long way toward increasing liquidity and accessibility for investors.

Chances of XRP ETF Launch This Year Skyrocket

Despite the Ripple lawsuit’s uncertainty, crypto enthusiasts are optimistic about the SEC approving at least one XRP ETF this year.

The odds of approval reached 81%, a notable increase than last year. This surge in confidence stems from speculation that the new SEC leadership, with its pro-crypto stance, might dismiss the Ripple lawsuit, paving the way for a spot-based XRP ETF.

According to analyst Armando Pantoja, SEC approval of such ETF would have a dual impact: boosting institutional demand and legitimizing XRP as a non-security asset.

The crypto community is eagerly awaiting the SEC’s decision, with multiple applications, including those from Grayscale and 21Shares, currently under review. Despite ongoing challenges, XRP’s market performance reflects growing optimism, with a 10% surge over the past two days.

Furthermore, the body has set a deadline of October 18, 2025, to decide on Grayscale’s proposed XRP Exchange-Traded Fund (ETF). This development comes after it posted the filing to the Federal Register, marking the beginning of the SEC’s review process. The SEC will assess the proposal, taking into account public comments and various regulatory considerations, before deciding by the October deadline.

Nonetheless, the SEC has demonstrated greater caution toward altcoin ETFs compared to Bitcoin ETFs, citing increased market manipulation risks