#XRPETF Twelve applications for the launch of exchange-traded funds (ETFs) based on XRP, the native cryptocurrency of Ripple, are currently under official review by the U.S. Securities and Exchange Commission (SEC).

This event marks an important milestone in the development of relations between the cryptocurrency industry and traditional financial institutions, reports Coin Edition. The applications were submitted by major financial companies including Grayscale, VanEck, ProShares, and Franklin Templeton. The timeframe for a final decision is from April to October 2025.

The absence of giants and rumors of latecomers

Equally noteworthy is who is missing from the XRP-ETF race - asset management titans BlackRock and Vanguard. Their absence has sparked speculation, especially after a recent post by crypto analyst EGRAG CRYPTO on the X platform, hinting at a possible late entry into the race: "Vanguard and BlackRock coming soon." However, to date, none of these applications have been confirmed, leaving the market in suspense.