XRP ETF Countdown: SEC to Decide on 8 Filings in October

The countdown is on for XRP investors as the U.S. Securities and Exchange Commission (SEC) prepares to rule on eight pending XRP spot ETF applications.

Final decisions are expected between October 18 and October 25, 2025, marking what could be a historic milestone for the token and its role in U.S. financial markets.

According to filings, several heavyweight firms—including Grayscale, 21Shares, Bitwise, WisdomTree, Franklin Templeton, and CoinShares—are competing to launch the first XRP spot exchange-traded fund. Each ETF would directly track XRP’s price, providing institutional and retail investors a regulated gateway to the asset.

Key deadlines approaching

• Grayscale XRP ETF – Deadline: October 18, 2025
• 21Shares XRP ETF – Deadline: October 19, 2025
• Bitwise XRP ETF – Deadline: October 20, 2025
• Canary Capital XRP ETF – Deadline: October 24, 2025
• WisdomTree, Franklin Templeton, and CoinShares XRP ETFs – Deadline: October 25, 2025
• RexShares Rex-Osprey XRP ETF – Still under SEC review after a July delay

If approved, these ETFs would bring XRP closer to parity with Bitcoin and Ethereum, both of which saw spot ETFs greenlit earlier this cycle. Analysts say such a move could dramatically expand XRP’s investor base, boosting liquidity and potentially sparking institutional inflows.

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Ripple effect for the market

The filings come after Ripple’s landmark legal victory against the SEC in 2024, where courts ruled XRP itself is not a security. That ruling cleared the path for ETF providers to pursue spot products with less regulatory risk.

Market watchers caution, however, that approval is not guaranteed. The SEC may stagger decisions or delay final rulings, as seen with previous crypto ETFs. Still, the clustering of deadlines within a single week in October has raised expectations for at least one green light.
For XRP’s price action, October is shaping up as a critical month. Should multiple ETFs be approved, it would mark the token’s biggest breakthrough in mainstream finance since its inception.