According to the latest report by Coinbase Institutional Research, there’s over 90 exchange traded-fund (ETF) applications on the United States Securities and Exchange Commission’s (SEC) table right now.
Coinbase Bursts With XRP ETF Confidence
According to Bloomberg’s Senior ETF analyst James Seyffart, “hundreds of crypto related ETP launches” are coming in the next 12 to 18 months, which could easily include one of XRP ETF pitches. According to Coinbase, multiple XRP ETF applicants have freshly amended their SEC fillings, which is a strong sign of eventual approval.
Which XRP ETF products have advanced the furthest? Per multiple analysts, Grayscale’s XRP ETF submission on January 13, 2025 has a strong edge. A decision is to be made by October 18, 2025, while Grayscale’s flawless track record with the already established Bitcoin (BTC) & Ethereum (ETH) ETF highlight suitable qualifications for a Ripple-based Spot ETF.
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Other notable applications include 21Shares XRP ETF as well as Bitwise’s Ripple ETF, which are neck-and-neck in terms of legal progress, and both are getting settled simultaneously on October 19 & 20, 2025. With this in mind, crypto connoisseurs are expecting Ripple’s native coin to gain strength for a fresh all-time high, as XRP currently backtracked 18% from $3.65.
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The SEC is reviewing 11 spot XRP ETF applications, with a 95% approval probability by Q4 2025, per MEXC. The ProShares Ultra XRP ETF (futures-based, 2x leveraged) is already live, setting the stage for spot ETFs.
Grayscale XRP ETF: Filed January 13, 2025, to convert its XRP Trust, with a decision expected October 18, 2025. Grayscale’s track record with Bitcoin and Ethereum ETFs and the Ripple lawsuit dismissal give it a strong edge.
21Shares XRP ETF (filed November 21, 2024, decision by October 19, 2025) and Bitwise XRP ETF (filed December 2, 2024, decision by October 20, 2025) are neck-and-neck. Both have solid futures trading support and Coinbase custody, boosting their odds.
XRP’s regulatory clarity (non-security status post-Ripple lawsuit dismissal), 87% Polymarket approval odds, and six months of futures trading on Coinbase meet SEC criteria. A crypto-friendly SEC under Paul Atkins seals the deal.
WisdomTree XRP ETF (filed December 2, 2024) and Canary Capital XRP ETF are strong but trail due to later filings. Risks include liquidity concerns or SEC delays if futures volumes dip, though 80%+ approval odds look solid.
