XRP Community Figures Highlight Final Deadlines for SEC Decisions on Multiple Spot-Based XRP ETF Applications

In recent weeks, XRP community members have deliberated on whether the U.S. SEC would approve a spot exchange-traded fund (ETF) for the coin this year.

Community figures have highlighted the final deadlines for the U.S. SEC to decide on the multiple spot-based XRP ETF applications.

The fate of the various exchange-traded funds now rests in the hands of the SEC to approve or disapprove the products.

Final Deadline For Grayscale, 21Shares, Bitwise, Canary, WisdomTree, CoinShares, Franklin XRP ETFs

The final deadlines for the SEC to approve or disapprove the various ETFs were set after the regulator acknowledged the applications.

According to the data, the SEC must issue its decision on the filing within 240 days from the date of the acknowledgment.

However, the regulator postponed its April 13 decision for several filings, including VanEck, REX‑Osprey, Tuttle Capital, and ProShares. After the postponement, the fate of the other applications is now pending.

According to a table provided by GA Spark, the SEC has a final deadline of October 18, 2025, to approve or disapprove Grayscale’s application to convert its XRP Trust to a spot-based ETF.

Likewise, the SEC must decide on the 21Shares XRP ETF filing by October 19, while Bitwise’s is on October 20, 2025. Canary’s deadline is October 24, with the following day, October 25, set as the final deadline for the SEC’s decision on WisdomTree, CoinShares, and Franklin’s XRP ETF filings.

Although each ETF has its own final deadline, the SEC could pick a date within the approval window to decide the fate of the applications.

Recall that the SEC made a similar move last year when it approved multiple spot-based exchange-traded funds for Bitcoin and Ethereum.

After the approval of the first BTC ETFs in 2021, the regulator went on to approve several other crypto ETFs, including Ether ETFs and a Solana ETF.

Despite the approval of the various crypto ETFs, the SEC has yet to approve any XRP ETFs.

Investors Optimistic About XRP ETF Approval This Year

Meanwhile, Polymarket bettors believe there is a 79% chance that the SEC will approve XRP ETFs by year-end. However, the approval odds for July 31 currently stand at 43%, showing a decline of 10% over the past day.

The community is optimistic that the U.S. SEC will approve at least one XRP ETF this year. This optimism stems from the agency's current shift toward crypto regulation, which has been favorable to the industry compared to what was observed in the past administration. Whether this will happen remains to be seen.

72 Crypto ETFs

The XRP ETFs are among 72 crypto spot-based exchange-traded funds awaiting the SEC’s approval. According to Bloomberg ETF analyst Eric Balchunas, some of these funds are linked to cryptos such as Solana, Dogecoin, Cardano, Litecoin, and Official Melania meme coin.