US regulatory SEC was evaluating Bitwise’s application for XRP Stock Exchange Investment Fund (ETF). This step makes Bitwise a third company that is accepted as an XRP ETF application, while market analysts are likely to give approval to these applications.
High probability of approval for XRP ETF
Lucas Sorli, the product manager of Northstake, the corporate crypto platform, said that the interest in XRP ETFs is great and that these funds can be introduced to 800 million dollars in the first week. Investment Bank JPMorgan predicts that these ETFs can attract up to a total of $ 8 billion in the first year.
Although it does not mean a definite approval for SEC to evaluate applications, analysts see it as an important signal of change in the institution’s approach to the crypto currency market. In the past, similar applications were rejected without any action.
SEC accepted Bitwise’s application for starting XRP ETF – 18 February, 2025This week, Coinshares’s XRP ETF application was also taken into consideration by the SEC, thus releasing the number of applications for evaluated. Although the applications of Wisdomre and Canary Capital have not yet been answered, analysts see the possibility of approved XRP ETFs.
In the estimation market platform Polymarket, crypto investors consider the likelihood of an XRP ETF this year as 78 %. Bloomberg Intelligence analysts Eric Balchunas and James Seyffart calculate this rate at 65 %. ETF applications are also made for subcoins other than Ripple. Crypto assets such as Solana, Litecoin and Dogecoin are also known to be in the process of prostration.
New crypto currency climate appears in the USA and changing the SEC approach
Donald Trump administration’s crypto -friendly policies created a wave of ETF application in the market. While President Trump promised to relax crypto arrangements and end the pressure on the sector, SEC also seems to have changed his approach in this direction.
Unlike former SEC President Gary Gensler’s anti -crypto policies, the current SEC administration suspended the lawsuits filed against Binance and Coinbase. In addition, a new crypto regulatory team is established under the leadership of the SEC commissioner Hester Peirce to reshape the rules for the sector.
Ripple’s case with SEC since 2020 may also be affected by this change. John Reed Stark, the former president of the former SEC Sanction Unit, argued that the Ripple case could be suspended soon and said, “SEC’s policy of sanctions on crypto has actually ended”.
Can XRP ETF be as successful as Bitcoin ETF?
The potential success of XRP ETFs for crypto investors is compared with Bitcoin ETFs. Bitcoin ETFs approved by the SEC have invested $ 1.6 billion in the first week they were released. The Ethereum ETFs could not show the same success and had a net $ 483 million output.
According to some analysts, XRP ETFs may perform better than EThereum ETFs. Sorli predicts that the institutional interest in XRP ETFs is high and that it can attract between $ 400 million to 800 million dollars in the first week, depending on market conditions.
According to Crisil Coalition Greenwich’s latest report of S&P Global, 40 %of the fund executives participating in the survey are open to Altcoin investments, including XRP.
