XRP (XRP) has skyrocketed over 10% over the past two days due to positive developments, including referrals to XRP ledger exchange operations (ETFs) and real world assets (RWAs).
XRP 4-hour chart. Source: CointeLegraph/TradingView
Altcoin repeated resistance past $2.50, showing a sweep of overhead liquidity, driving the rally to a high of $2.78 on February 14th.
Grayscale's XRP and Doge ETF receive an initial nod
According to a filing announced on February 13, the Securities and Exchange Commission (SEC) has granted Grayscale's Form 19b-4 application to list XRP and Dogecoin ETFs.
Final decisions regarding both ETF approvals are expected to be made within 240 days. This is the required period for which ETF applications are accepted or rejected under section 19(b)(2) of the Stock Exchange Act.
The SEC, which now governs under a pro-cryptic regime, could arrive early with final approval, which was observed last month with Bitwise's dual Bitcoin Ethireum ETF. The asset management organization submitted an application for the joint ETF in November 2024 and received initial approval by January 30th less than 90 days after filing.
However, Bloomberg ETF analyst James Seifert thought the XRP ETF would not be approved until the SEC lawsuit against Ripple Labs was fully resolved.
Polymarket is confident in its approval of the XRP ETF in 2025
After positive news, the odds for the 2025 XRP ETF approved bets increased to 81% of Polymet. Above last monththe probability of approval was approximately 70% in January 2025.
XRP ETF Polymarket approval odds. Source: Polymarket
The vote split up nearby, even if the approval time was limited on July 31st.
However, Hogan and Hogan's partner Jeremy Hogan; I was believed It may take some time for an XRP ETF to be traded in the market.
Hogan, who was primarily a vocalist on X (formerly Twitter) in the Sec-Ripple Labs case, was a commentator and supporter of Pro XRP. Still, he presses a possible timeline for full approval, the lawyer said.
“Yes, approval can happen quickly, but you need to approve the S-1.
Form S-1 is a critical component of non-traditional ETFs, such as crypto-based ETFs, and these filings require clear disclosures about the ETF's investment strategy, risk, fees and operations.
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This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
