"7 ETFs may be approved next month"…Growing optimism for XRP

XRP spot ETF approval imminent

9 pending with the US SEC

Industry: "It's practically a matter of time"

Billions of dollars in new inflows expected

"Institutional trading already accelerating"

As early as next month, up to seven XRP spot exchange-traded funds (ETFs) could be approved in the United States. With ETF launches imminent, analysts say XRP's price-up momentum is strengthening.

As of the 29th, there are nine XRP spot ETF approval applications pending with the U.S. Securities and Exchange Commission (SEC). Of these, seven ETFs have review deadlines set for later this year, including the Grayscale XRP ETF, 21Shares Core XRP Trust, and the Bitwise XRP ETF. All were filed with the SEC from late last year to early this year.

Review of about 90 ETFs halted

The SEC had originally planned to complete reviews of six XRP spot ETFs by this month. However, due to the U.S. federal government shutdown, about 90% of SEC employees went on leave, causing staffing issues. The SEC is reported to have halted review of roughly 90 cryptocurrency ETF applications. U.S. crypto outlet CoinDesk said, "The suspension of SEC duties such as approval of exchange-traded products (ETPs) and initial public offerings (IPOs) could have a long-term negative impact on the sector."

Still, the industry views XRP spot ETF approval as a matter of time. Thanks to the pro-crypto policies of Donald Trump's second administration, regulators such as the SEC and the Commodity Futures Trading Commission (CFTC) are putting effort into nurturing the related industry. In particular, because XRP is a U.S.-based cryptocurrency that aligns with the Trump administration's 'Made in USA' stance, analysts say approval within the year is likely. An industry source said, "Unless the U.S. shutdown becomes unusually prolonged, approval could come as early as next month."

If the SEC approves, this would be the first pure spot XRP ETF to be launched in the U.S. Asset manager RexShares unveiled last month the 'Rex-Osprey XRP ETF (XRPR)', but that ETF is a type of hybrid product combining XRP spot and derivatives. This is why the market is on edge about the launch of these XRP ETFs.

"$3 billion inflows possible on day one"

If XRP spot ETFs are launched consecutively, billions of dollars in new capital are expected to flow in. U.S. asset manager Canary Capital estimates that up to $10 billion could flow in during the first month after listing. Canary Capital CEO Steven McGlurg said, "(XRP spot ETFs) could attract $2–3 billion on the first day of launch," and "Powered by inflows, they could rank among the top 20 ETFs ever."

Analysts say institutional demand has already been proven. The Rex-Osprey XRP ETF's assets under management (AUM) exceeded $100 million within about one month of launch. The Chicago Mercantile Exchange (CME) Group recently launched XRP futures and options products to meet institutional demand. CoinDesk reported, "Institutional investors' XRP trading is accelerating," and "some firms are stockpiling XRP as a strategic asset."

Investor expectations are also rising. If ETFs drive up spot demand for XRP, upward price pressure is inevitable. According to U.S. betting site Polymarket, the probability that XRP's price will exceed $3.2 within the year stood at 52% as of that day, up 1% point from the previous day. XRP is trading around $2.6 on CoinMarketCap.