XRP Holders Are Closely Watching the SEC's Next Move, with ETF Decisions Poised to Reshape the Ripple Market

In a recent episode of Ripple's “Crypto in One Minute,” CEO Brad Garlinghouse underscored the transformative role of crypto ETFs in opening Wall Street to digital assets.

The SEC is closely monitoring new developments in the crypto market, notably focusing on ETF (Exchange Traded Fund) decisions and their potential to reshape the Ripple (XRP) market.

Recently, Brad Garlinghouse, CEO of Ripple, highlighted the pivotal role of crypto ETFs in opening up Wall Street to digital assets.

“This was really the first time you had institutions be able to go on Wall Street and trade directly in crypto,” Garlinghouse stated.

He described ETFs as the “gateway to financial power” for institutions, providing a safe and regulated entry point into cryptocurrencies.

Highlighting the rapid pace of institutional access to crypto, Garlinghouse mentioned the launch of XRP futures and ETFs on major platforms like CME and Nasdaq.

He added, “These products are starting to have the same legitimacy as gold ETFs did when they were first introduced.”

Several applications for XRP spot ETFs from firms like Bitwise, Grayscale, Franklin Templeton, and 21Shares are currently pending with the SEC. The first key decision deadline is June 17, 2025, for Franklin Templeton’s application. However, Bloomberg ETF analyst James Seyffart predicts that formal approvals may not arrive until Q4 2025.

Despite the delays, optimism is growing. According to Polymarket, the odds of the SEC approving a Ripple XRP spot ETF by the end of 2025 are now 83%.

Analysts believe that approval for an XRP spot ETF could propel significant price gains, similar to Bitcoin’s 131% rally following the BTC-spot ETF launches earlier this year.

However, the progress of these ETF applications may depend on the resolution of the ongoing lawsuit between the SEC and Ripple.

The SEC’s request to lift the injunction on institutional XRP sales and reduce the $125 million penalty was recently denied by Judge Analisa Torres.

Former SEC attorney Marc Fagel clarified that no official settlement has yet been approved, despite rumors.

“The parties had agreed to try to resolve the case quickly, but the judge signaled that she may not accept the parties’ recommendations without further briefing from them or, potentially, additional evidence on certain issues in the case.”

He added, “The court indicated that it would not simply do what the parties asked without further discussion and input from the parties.”