Spot XRP ETF Is Likely To Be Approved in 2025: Report

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Key Points:

Bloomberg analyst James Seyffart predicts a spot XRP ETF could gain approval in 2025.
Grayscale and other firms, including Bitwise and WisdomTree, have applied for spot XRP ETFs.

According to Fortune, Bloomberg analyst James Seyffart predicts that a spot XRP ETF could gain regulatory approval in 2025.

Spot XRP ETF Approval Could Happen in 2025, Analyst Predicts

Seyffart also said that given the SEC’s ongoing lawsuit over whether XRP qualifies as a security, a Litecoin ETF may be approved first, as Litecoin has not been classified as a security.

Grayscale, a major crypto asset manager, has joined the growing list of firms seeking approval for crypto ETFs, recently filing for a spot XRP ETF. According to the filing, the firm’s trust currently holds approximately $16.1 million in XRP investments from accounts looking to gain exposure to the asset without directly purchasing it.

The push for crypto ETFs has intensified under the Trump administration, which has adopted a more favourable stance on digital assets.

Regulatory Changes May Accelerate Crypto ETF Approvals

Several companies, including CoinShares, Bitwise, Canary Capital, WisdomTree, and 21Shares, have also submitted applications to launch XRP-based ETFs. In October 2024, Bitwise formally applied to the SEC for approval, adding to the increasing number of firms looking to expand crypto investment options.

Despite the influx of applications, the SEC has yet to issue any official rulings on spot XRP ETFs. Market observers remain optimistic that the regulatory environment could shift with the expected appointment of Paul Atkins, a crypto-friendly advocate, as SEC chair. Atkins’ leadership is anticipated to bring a more lenient approach to securities enforcement.

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