Let me break down exactly what's going on because the timeline matters here.
Throughout October 2025, eight major financial institutions filed applications with the U.S. Securities and Exchange Commission to launch XRP spot ETFs. These aren't random startups. These are some of the biggest names in traditional finance and crypto investment products.
The full list:
The SEC has to review these applications and make decisions. Given the timeline of Bitcoin and Ethereum ETF approvals, we're likely looking at decisions in the coming weeks or months. Not years. Soon.
Throughout October 2025, eight major financial institutions filed applications with the U.S. Securities and Exchange Commission to launch XRP spot ETFs. These aren't random startups. These are some of the biggest names in traditional finance and crypto investment products.
The full list:
- Grayscale (the company that launched the first Bitcoin ETF)
- WisdomTree (manages over $100 billion in assets)
- Franklin Templeton (one of the world's largest fund managers)
- Bitwise (crypto-native investment firm)
- Canary Capital (emerging player in crypto ETFs)
- 21Shares (European crypto ETP leader)
- ProShares (known for launching first Bitcoin futures ETF)
- Cboe BZX Exchange (major exchange filing)
The SEC has to review these applications and make decisions. Given the timeline of Bitcoin and Ethereum ETF approvals, we're likely looking at decisions in the coming weeks or months. Not years. Soon.