Despite recent excitement in the crypto community, no XRP ETF was approved on May 7, 2025, contrary to some online claims. The confusion stemmed from rumors that Tuttle Capital’s 2x Long XRP ETF had gone live. However, crypto analyst Muhammad Zulqarnain clarified the truth, citing the official SEC filing, which clearly shows the *proposed effective date is May 21, 2025*.
🗣 “Any post claiming XRP ETF approval on May 7 is spreading false information,” said John Squire on X (Twitter).
Meanwhile, XRP is trading at $2.21, showing a 2.8% increase in the last 24 hours, as the broader crypto market trends positively. The spotlight on Ripple's strategic moves, including its rumored interest in acquiring ⭕, continues to drive interest.
🔎 Institutional focus is expanding beyond $BTC
and $ETH
, as Tuttle Capital’s ETF filings include tokens like Chainlink, Polkadot, $SOL