XRP ETF Filings Surge After Ripple’s Legal Clarity
Ripple’s legal victory: On August 6, 2025 the SEC dropped its cross-appeal against Ripple, confirming that XRP traded on public exchanges is not a security while resolving institutional sale disputes from a 2023 ruling. XRP’s price jumped 10% (from ~$1.85 to $2.05). Regulatory clarity removes a major hurdle for spot XRP ETF approvals. At least seven firms—including Bitwise, Franklin Templeton, WisdomTree, Canary Capital, Grayscale’s converted XRP Trust, and Volatility Shares—have filed or plan to file for spot, leveraged, and inverse XRP ETFs. Ripple‐backed XRPQ also seeks to provide regulated North American exposure. The SEC, under Chair Paul Atkins, has opened a 240-day review period and solicited public comments on these filings. Prediction markets now assign an 82% chance of ETF approval in 2025. While the SEC has delayed decisions on altcoin funds, analysts say legal certainty is a key driver for institutional adoption. The road to a U.S. XRP ETF is less obstructed but awaits final SEC sign-off.
Bullish
The SEC’s decision to drop its appeal against Ripple removes a key legal overhang for XRP, mirroring past market reactions to Bitcoin and Ethereum ETF approvals. Short term, XRP’s 10% price surge and volume uptick reflect traders’ optimism over imminent ETF launches. Historical precedents—such as the 2021 approval of Bitcoin futures ETFs—demonstrate how regulatory green lights can trigger rapid inflows. In the long run, a U.S. spot XRP ETF would validate the token’s status among institutional investors, broadening liquidity and reducing volatility. While full SEC approval may take months, the clear regulatory framework significantly lowers risk. This supports a bullish outlook as market participants position for potential ETF listings and the resulting capital inflows.