Analyst Armando Pantoja predicts an 81% chance of XRP ETF approval within the next year, arguing that it would not only drive institutional demand but also validate that XRP is not an illegal security.

The United States Securities and Exchange Commission (SEC) has formally acknowledged three applications for XRP exchange-traded funds (ETFs) within a five-day span. This development has fuelled speculation about the regulator’s stance on XRP and its potential classification as a commodity.

Grayscale XRP ETF may soon be acknowledged by SEC, impacting crypto markets, amid ongoing legal battles over XRP's status.

The fund is in a pre-operational pphase after being set up late last year. There's no official date as to when it'll start trading.

The SEC is reviewing multiple XRP ETF proposals from major asset managers, including Bitwise, Grayscale, and 21Shares, as part of a broader expansion of crypto investment products following the successful launch of Bitcoin and Ethereum ETFs.

XRP saw a slight bump early Thursday as token holders anticipate the SEC will acknowledge Grayscale's application for an $XRP ETF.

XRP was giving up some of its recent gains on Monday, but the cryptocurrency has still gotten a sizable boost from speculation that the Securities and Exchange Commission could approve an exchange-traded fund tracking its price.

According to new reports, the U.S. Securities and Exchange Commission (SEC) has confirmed the receipt of an application for a Bitwise spot XRP Exchange-Traded Fund (ETF). According to earlier reports,