Rumors About XRP ETF Cause Excitement – Could an Important Announcement Be Imminent
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XRP holders are closely monitoring whether the SEC will submit an appeal by January 15.
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The agency’s potential appeal could be dismissed, increasing the chances for XRP ETF approval.
The Ripple [XRP] community is eagerly anticipating the US SEC’s January 15 appeal deadline and its implications for the XRP ETF’s future.
The agency sought an extension to file its appeal until early January, with speculation that it preferred to wait for the outcome of the US election.
Tension surrounds whether the incoming pro-crypto Trump administration and Paul Atkins as SEC chairman will pursue this appeal.
A former SEC lawyer, Marc Fagel, suggested that under new leadership it is possible to dismiss the appeal. He said:
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“The appeal will continue for now, and this process takes about a year. However, there is a possibility that a new administration may decide to dismiss the appeal. As far as I can remember, that has never happened, but it is possible and perhaps likely.”
Is an XRP ETF closer than most think?
If dismissed, clarity on XRP’s security status could expedite its ETF approval process. So far, only Bitcoin and Ethereum ETFs have received approval since they are not classified as securities.
The market stays optimistic about potential altcoin ETFs being approved in 2025 under new regulation.
This includes pending applications for US spot XRP ETFs from firms like Bitwise, Canary Capital, Wisdom Tree and 21Shares..
A forecasting site Polymarket currently estimates a 75% likelihood of an XRP ETF launching in 2025..
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Source: CryptoQuant
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