SEC Reviews XRP ETF Applications with Decision Expected by October

According to PANews, the U.S. Securities and Exchange Commission (SEC) is currently reviewing five applications for XRP Exchange-Traded Funds (ETFs) submitted by 21Shares, Grayscale, CoinShares, WisdomTree, and Canary Capital. The SEC is required to make a decision on these applications by mid-October this year. U.S. President Donald Trump has previously announced the potential inclusion of XRP in the U.S. crypto strategic reserve, which Jonathan de Wet, Chief Investment Officer at cryptocurrency trading firm Zerocap, believes could address key regulatory issues and enhance the likelihood of approval for the XRP ETFs. Analysts at JPMorgan predict that the XRP ETFs could attract $8 billion in investments within the first year if approved.