Story Highlights Around 10 major digital asset managers have filed for XRP ETF. Decision for most applications to be released in October 2025. Currently, the US Securities and Exchange Commission is reviewing multiple XRP ETF applications. However, most of them are pending for final decision. The odds are now restored as the regulatory clarity develops with the Ripple lawsuit dismissal. List of XRP ETFs Filings with the SEC ProShares Ultra XRP ETF Application filed on January 17, 2025, and the SEC approved for listing on the NYSE Arca in mid-July 2025. The ETF subsequently launched on July 18, 2025, providing 2x leveraged exposure to XRP futures. Grayscale XRP ETF Application filed on November 21, 2024, via Form 19b-1 to convert its XRP Trust to an ETF. The SEC’s final decision is expected to be made on October 18, 2025. 21Shares XRP ETF Application filed on November 21, 2024, via Form 19b-1 to register its Core XRP Trust shares for listing on the Cboe BZX Exchange. SEC officially acknowledged the application on February 19. Final decision on approve or disapprove will be made on October 19, 2025. Bitwise Application filed on December 2, 2024, via Form S-1 to launch a spot XRP ETF that would hold XRP directly. SEC officially acknowledged the application on February 19. Final decision on approve or disapprove will be made on October 20, 2025. Canary Capital Application filed on October 8, 2024, via Form S-1 to launch a spot XRP ETF. It allows investors to have direct exposure to XRP’s price without needing to buy, hold, or manage the cryptocurrency themselves. SEC officially acknowledged the application on February 19. Final decision on approve or disapprove will be made on October 24, 2025. WisdomTree Application filed on December 2, 2024, via Form S-1 to launch a spot XRP ETF that directly tracks the price of XRP. SEC officially acknowledged the application on February 19. Final decision on approve or disapprove will be made on October 25, 2025. Franklin Templeton Application filed on March via Form S-1 to provide a regulated institutional investment vehicle that directly holds XRP tokens. Final deadline for approval or disapproval is expected on October 25, 2025. CoinShares Application filed on January 24, 2025, via Form S-1 to launch a spot XRP ETF. This aims to provide investors with regulated, direct exposure to XRP through a traditional exchange-traded fund. SEC officially acknowledged the application on February 19. Final decision on approve or disapprove will be made on October 25, 2025. RexShares Rex-Osprey Application filed on January 21, 2025, via Form S-1 to launch a spot XRP ETF that holds XRP tokens directly. The SEC was expected to make a decision on July 25, but it got delayed, allowing more time to review before granting approval. Volatility Shares XRP ETF Application filed on May 21, 2025, via Form N-1A Post-Effective Amendment registration. It plans to launch both a 1x XRP futures ETF and a 2x leveraged XRP futures ETF. The SEC’s decision timeline was scheduled for July 2025, but was later delayed. What’s Next? In a recent interview with CNBC Television, Nate Geraci, the President of NovaDius Wealth Management, said he expects that a standardized crypto framework will be released. It will oversee the multiple issuers of XRP ETFs, Solana ETFs, Cardano, HBar, and other ETFs. If that happens, “We’re going to see a wave of approvals, and you’re going to see a boatload of new crypto ETFs coming to market,” said Geraci.