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XRP is seeing increasing expectations for an exchange-traded fund (ETF) approval in the US. FOX Business reporter Eleanor Terrett revealed that the SEC may evaluate Grayscale’s XRP ETF application on February 13, 2025. This suggests that XRP could join other cryptocurrencies like Bitcoin 
$108,496 and Ethereum 
$2,507 with spot ETFs. However, the ongoing lawsuit between Ripple 
$2 and the SEC may influence the outcome of this process.
What Does SEC’s ETF Application Review Mean?
Terrett noted that the SEC typically reviews 19b-4 applications within 15 days. If the spot ETF application is approved during this period, significant insights could be gained regarding the SEC’s current administration’s approach to XRP. Previously, under former SEC Chair Gary Gensler, XRP was classified as an unregistered security, but this stance changed following a federal court ruling that determined XRP is not a security.
This development indicates that the SEC’s response to Grayscale’s ETF application will significantly impact XRP’s market future and cryptocurrency regulations.
Legal Hurdles for Spot XRP ETF Approval
Meanwhile, Bloomberg analysts James Seyffart and Eric Balchunas estimate a 65% chance for a spot XRP ETF approval this year. In comparison, the approval likelihood stands at 90% for Litecoin, 75% for Dogecoin 
$0.230213, and 70% for Solana 
$171.
Analysts emphasize that the approval of the XRP ETF hinges on the outcome of the case between Ripple and the SEC. They believe that resolving the lawsuit could expedite the XRP ETF application process. Pro-XRP attorney Jeremy Hogan mentioned that the case is nearing resolution and he anticipates a quick conclusion.
Market participants speculate that the SEC’s approval process could take between 8 to 12 months. Recently, Nasdaq also submitted an application for an XRP ETF. If approved, it would enable investors to invest in XRP without directly owning it, potentially increasing demand for the altcoin and driving up its price.
