Grayscale's XRP ETF Filing Sets the Stage for Institutional Adoption

With ProShares' recent filing for a futures-based "Short XRP ETF," the question on many investors' minds is: When will Grayscale's XRP ETF get approved?

ProShares’s recent filing for a futures-based “Short XRP ETF,” set to launch as early as April 30, 2025, has brought renewed attention to XRP in the institutional sphere. While this is a significant development, the question on many investors’ minds is : When will Grayscale’s XRP ETF get approved ?

As one of the biggest names in crypto investment, Grayscale is yet to see its XRP ETF proposal approved, despite growing momentum for XRP-based financial products. ProShares is not the only one entering the space—Hashdex’s launch of XRPH11, the world’s first spot XRP ETF, directly tied to the Nasdaq XRP Reference Price Index, showcases that demand for XRP-linked investment vehicles is skyrocketing.

XRP ETFs: Surging Interest and Top Altcoin Status

XRP has surpassed many altcoins, including Solana, Litecoin, and Dogecoin, in terms of ETF filings, and now stands as the top altcoin in this regard. According to research by Kaiko, XRP has more ETF filings than any other altcoin, highlighting the surging interest in this asset class.

With a track record in liquidity and stability, XRP is becoming an increasingly attractive asset for both institutional and retail investors. Its liquidity makes it easier to buy and sell at a stable price, a crucial factor for regulators when considering approval for financial products like ETFs.

This growing demand, combined with increased filings from major players like Bitwise, 21Shares, and CoinShares, signals a shift toward broader institutional acceptance of cryptocurrencies. However, the most anticipated move will be the potential approval of Grayscale’s XRP ETF.

Possible Ripple Settlement Could Impact Approval Process

The buzz around XRP has been amplified recently by crypto analyst John Squire, who hinted at a possible settlement between Ripple and the SEC. Such a resolution could significantly impact the approval process for XRP-based ETFs.

Squire views ProShares’s filing as a pivotal step in XRP’s transition from a niche asset to an integral part of traditional financial systems. Even figures like Paul Atkins, a prominent regulatory expert, have begun to recognize XRP’s potential as essential infrastructure for the future of finance.

When will the Grayscale XRP ETF be approved?

With ProShares leading the way, the big question is whether Grayscale’s XRP ETF will be approved next. If approved, this would provide investors with an accessible and regulated way to gain exposure to XRP, driving further growth and legitimacy for the cryptocurrency.

As of now, XRP’s future in the financial landscape looks promising, but the real game-changer will be the SEC’s decision on Grayscale’s proposal. With a settlement potentially on the horizon, the countdown to regulatory approval has begun. Stay tuned as the crypto world eagerly anticipates the next chapter for XRP.

An XRP ETF (Exchange-Traded Fund) is a financial product that allows investors to gain exposure to the price movements of XRP, the cryptocurrency associated with Ripple, without directly owning the digital asset.

ProShares is launching three XRP ETFs: an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage). The Ultra ETFs offer leveraged exposure to XRP, while the Short ETFs allow investors to profit from XRP price declines.

Grayscale’s XRP ETF filing is currently under review by the SEC, with a critical deadline set for May 22. The approval of this spot ETF could pave the way for more traditional financial products tied to XRP.

Once approved and launched, XRP ETFs can be purchased through brokerage accounts that offer access to U.S. or international stock exchanges. Investors should consult with financial advisors to understand the risks and suitability of these products for their investment portfolios.

The post When Will Grayscale's XRP ETF Get Approved? appeared first on Benzinga.

This article is written by Benzinga and has been edited and adapted by Tech Monitor.