SEC to Decide on Six Spot XRP ETF Applications in October

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SEC to review XRP ETFs Between October 18–25.

Highlights

  • Six spot XRP ETF applications face SEC rulings between October 18 and 25.
  • CME Group XRP futures hit $1B open interest, fastest growth among crypto derivatives.
  • Ripple’s U.S. bank charter decision also expected in October, raising institutional stakes.

The U.S. Securities and Exchange Commission (SEC) is preparing for a key week in October as six applications for spot XRP exchange-traded funds (ETFs) move toward decision deadlines. The rulings, expected between October 18 and October 25, could determine whether XRP becomes the third cryptocurrency after Bitcoin and Ethereum to gain access to U.S.-listed spot ETFs. 

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SEC to Review Multiple XRP ETF Applications Under New Listing Standards

According to a X post by XRP_Cro, the SEC’s schedule places several high-profile applications into focus. Grayscale’s XRP ETF is set for review on October 18. The 21Shares Core XRP Trust ETF will follow on October 19. The agency will then consider Bitwise’s XRP ETF on October 22, with rulings on Canary Capital’s and CoinShares’ proposals expected October 23. WisdomTree’s XRP ETF filing completes the week on October 24.

These submissions arrive during changes in the regulatory dynamics. In recent weeks, the SEC approved generic listing standards for crypto ETFs. This change aims to accelerate approvals beyond the case-by-case framework applied to earlier filings.

The first U.S.-listed ETF tied directly to spot XRP, the REX-Osprey XRP ETF (ticker: XRPR), was launched in late September. The product quickly expanded with the addition of options trading, indicating that XRP-related investment vehicles are already entering regulated markets.

In parallel, the Hashdex Index ETF gained clearance under the SEC’s updated listing standards. Market participants note that this framework could allow the inclusion of additional crypto assets such as XRP.

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Derivatives, ETFs, and a Bank Charter Could Reshape XRP Momentum in October

Momentum behind XRP derivatives has also intensified. Data from CME Group show that XRP futures open interest recently surpassed $1 billion. This marks the fastest growth rate among crypto derivatives contracts tracked by the exchange.

Also, CME confirmed it will announce the launch options on XRP and Micro XRP futures on October 13. The move is expected to expand institutional access to the asset class.

Industry observers point to these developments as evidence of rising institutional appetite for regulated XRP products. The timing of new derivatives alongside pending ETF decisions suggests that October could mark a turning point in the market structure for XRP.

Alongside the ETF process, Ripple’s application for a national bank charter remains under review by the Office of the Comptroller of the Currency (OCC). A decision is also anticipated in October, adding another layer of regulatory value to the month.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
At CoinGape, the team of crypto journalists, writers, and editors delivers neutral, insightful, accurate, and timely coverage of the blockchain industry. We uphold the highest standards of journalistic ethics, transparency, and fact-checking. Our goal is to keep readers informed through accurate and reliable reporting. This article includes contributions from CoinGape writers and reporters.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.