#XRPETFs The applications to launch XRP ETFs in the U.S. are in full swing in 2025, with firms like Bitwise, Grayscale, 21Shares, and Franklin Templeton awaiting SEC approval. Ripple's CEO, Brad Garlinghouse, has called the approval of an XRP ETF "inevitable," highlighting the growing institutional demand and the evolution of the regulatory environment.

Bitwise has submitted an application for an ETF that would provide direct exposure to XRP, using the CME CF Ripple – Dollar Reference Rate – New York Variant benchmark. The SEC has initiated the review process, which includes a public comment period and could extend up to 240 days.