The WisdomTree XRP ETF application has entered a new phase as the U.S. Securities and Exchange Commission announced that it has completed the 'public comment' stage and will begin further review procedures. A decision is expected by October 2025, with no direct approval or rejection confirmed yet.
The extended SEC review period for the WisdomTree XRP ETF highlights the caution of regulators, impacting XRP's market position and investor sentiment. The outcome of the review is crucial for asset managers considering the potential launch of similar products.
The SEC is currently reviewing several XRP ETF applications, including those from reputable asset managers such as WisdomTree, Grayscale, and Franklin Templeton. The review process involves a thorough examination of various compliance and investor protection aspects and may take up to 240 days. Key actions include further verification procedures that will determine the fate of the WisdomTree proposal now that the public comment phase is complete.
Changes are occurring as the SEC's review of these cases demonstrates an adapted stance towards cryptocurrency-based ETFs. This development has immediate implications for XRP's positioning in the digital asset market, reflecting the regulator's commitment to ensuring comprehensive scrutiny without hasty approval or rejection of applications.
Market reactions show cautious optimism among stakeholders despite the extended timelines. Reactions include statements from companies, such as Ripple CEO Brad Garlinghouse's confidence that approval will be obtained by the end of 2025. Brad Garlinghouse noted, 'I expect approval in the second half of 2025, much later than the SEC allows Bitcoin and Ethereum ETFs.'
Did you know? Ripple ETF applications mark an important milestone in the gradually evolving SEC perspective on granting cryptocurrency ETFs after notable approvals of Bitcoin and Ethereum ETFs in previous years.
As of May 27, 2025, XRP was trading at $2.34 with a market capitalization of $137,468,672,952, holding a market dominance of 3.96%. Notably, it showed a slight 24-hour increase of 0.86%. Price fluctuations over the last 90 days indicated an overall increase of 4.46%, according to CoinMarketCap.
Insights from the Coincu research team suggest that sustained interest in XRP ETF applications, combined with changing regulatory settings, could stimulate long-term market growth. Moreover, XRP market dynamics may significantly recalibrate after anticipated regulatory clarity, enhancing overall engagement and financial activity in the sector.
$BTC, $XRP , $XLM
#Market Rebound , #Cryptomarketnews
