AI Summary
- Securities and Exchange Commission (SEC) has made a formal acknowledgment of Greyscale’s XRP Trust.
- With the SEC making note of Greyscale Investment’s 19b-4 filings, XRP is one step closer to a potential ETF launch in the near future. Although Ripple’s case with the SEC has yet to be dismissed, demand for the token is high, especially with institutional investors. .
- With the SEC’s acknowledgment, XRP is closer to the eventual launch of a spot XRP ETF, meaning the token would be one of the first altcoins other than Ethereum to gain ETF approval.
- Over the past year, XRP has surged over 400%, reaching recent highs of $3.31, a few cents away from making a new all-time high.
The U.S. Securities and Exchange Commission (SEC) has made a formal acknowledgment of Greyscale’s XRP Trust.
With the SEC making note of Greyscale Investment’s 19b-4 filings, XRP is one step closer to a potential ETF launch in the near future.
Although Ripple’s case with the SEC has yet to be dismissed, demand for the token is high, especially with institutional investors.
What does Greyscale’s XRP filing mean for Ripple’s SEC case?
With the SEC’s acknowledgment, XRP is closer to the eventual launch of a spot XRP ETF, meaning the token would be one of the first altcoins other than Ethereum to gain ETF approval.
On February 13, documents revealed that Grayscale XRP Trust had been checked by the SEC and potentially Hester Pierce’s Crypto Task Force.
Since Gary Gensler’s resignation, the SEC has changed inside and out, with Paul Atkins set to take the chairmanship soon.
The SEC plans to completely overhaul cryptocurrency regulations in the US, aiming to deregulate certain sectors to allow growth in the industry.
In a recent interview, Hester Peirce expanded on comments that she was known as a “freedom maximalist”:
Let people have the maximum freedom to innovate and try new things.
At the beginning of 2025, all signs were pointing to Ripple’s casing being dismissed. With a pro-crypto Trump administration and now a changed SEC, bets are being made that Ripple will have a huge year.
Keeping up with Ripple
In recent weeks, news of Ripple’s expansion in Europe made waves with the company forging instant payment bridges between Brazil and Portugal.
There have also been rumors of Ripple CEO Brad Garlinghouse being shortlisted for a crypto advisory role at the White House, according to sources from the NY Post.
Over the past year, XRP has surged over 400%, reaching recent highs of $3.31, a few cents away from making a new all-time high.
All eyes, including institutional ones, seem to be on Ripple with investors anticipating big real-world advances for the company in 2025 including ISO 20022 implementations.
