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The wait for a spot XRP ETF is far from over, but there’s now a clearer picture of when a final decision might arrive. In a tweet, Crypto America Host Eleanor Terrett shared details of her conversation with ETF expert James Seyffart, shedding light on potential timelines for the approval of the XRP spot ETF.
XRP ETF Approval Around Mid-October
James Seyffart, a well-known ETF expert, suggested that the final decision on the XRP spot ETF is expected to come around mid-October, with October 18th being a likely deadline.
However, Seyffart also noted that the SEC could make a decision before then, depending on how actively they engage with the applications. The process has been slower than expected, but this date provides a glimmer of hope for those eagerly awaiting the outcome.
While it’s possible the agency could make its move before October, Seyffart believes Q4 will likely be the most active period for crypto-related ETF decisions across the board.
Franklin XRP ETF Decision Pushed to June
This update comes shortly after the SEC delayed its decision on Franklin Templeton’s XRP ETF filing. Instead of moving forward in May, the agency has pushed the review date to June 17. For many, this delay isn’t surprising, the SEC has taken its time on Bitcoin and Ethereum ETFs, too.
But here’s the twist, the SEC doesn’t always use the full time allowed. If they engage actively with the issuers and legal teams early on, the decision could arrive sooner.
Polymarket Prediction: XRP ETF Approval Could Happen in 2025
At the same time, Polymarket, a prediction platform, says there is a 78% chance the XRP ETF will be approved by 2025. This fits with what many in the crypto world believe, even though the SEC has delayed its decision.
It shows that, while the approval might take a few more years, interest in crypto ETFs is growing.
Brazil Launches First XRP ETF
Although Brazil has recently launched the world’s first XRP ETF, called XRPH11. It is managed by Hashdex and Genial Investimentos. This move is big for the crypto world, as it shows growing interest in XRP ETFs.
This could also increase the chances of an XRP ETF being approved in the U.S. The success of Brazil’s ETF might push U.S. regulators to act sooner.