Grayscale's XRP ETF Application Advances, SEC Decision by October 18

Grayscale's application for a spot XRP exchange-traded fund (ETF) has officially entered the review stage, with the U.S. Securities and Exchange Commission (SEC) publishing the filing in the Federal Register. This triggers a 21-day public comment period and a 240-day review process, culminating in a decision by October 18, 2025. The approval of the ETF could set a transformative precedent for XRP and the broader crypto ecosystem, potentially boosting institutional investor interest and driving prices higher. However, uncertainties remain due to the ongoing legal battle between Ripple and the SEC regarding whether XRP is classified as a security. Despite XRP's recent resurgence and significant price increases over the past year, the SEC's cautious approach to altcoin ETFs could complicate the approval process. Observers note that the outcome of the SEC's review could significantly impact XRP's future market dynamics and legitimacy as a recognized investment class.