XRP ETFs on the Rise? Here’s the Full List of S-1 Filings Awaiting SEC Approval
Author:Published on: 05 Feb 2025, 4:31 amKey Insights:XRP ETFs have a very high chance of approval in Q1 2025.US XRP ETFs include Grayscale, WisdomTree, Canary, Coinshares, 21Shares, and Bitwise.21Shares, WisdomTree, and Bitwise also have active applications or approved XRP ETFs in the UK and the European Union.XRP ETFs have a much higher success rate than other altcoin ETFs due to their strong fundamental factors.Grayscale XRP ETFGrayscale is the latest entrant in the US XRP ETFs with an S-1 application. The top ETF issuer had requested the SEC to let it convert its XRP Trust into an ETF. The application was made on 31 Jan 2025.At present, Grayscale is one of the largest altcoin ETF applicants with active applications in Solana ETF and Dogecoin ETF. It is also one of the largest issuers of Bitcoin and Ethereum ETFs.WisdomTree XRP ETFNamed as the WisdomTree XRP Fund, this latest trust is by global ETF giant WisdomTree. The company also issues ETFs for Ethereum and Bitcoin.WisdomTree XRP ETFThe US Securities and Exchange CommissionWisdomTree made the application on 02 December 2024. It had earlier filed for the same ETF but was rejected by the SEC.It must be noted that in the USA, trust shares are traded as ETFs, and hence, incorporation becomes mandatory. Most such trusts are incorporated in the state of Delaware.Canary XRP ETFCanary XRP ETFThe US Securities and Exchange CommissionCanary Capital Group is the latest entrant in multiple ETF categories. It also has an active application in the Solana ETFs, which it filed on 30 October 2024. The ETF issuer filed an S-1 application with the US SEC on 08 October 2024.Coinshares XRP ETFCoinshares XRP ETFThe US Securities and Exchange CommissionCoinshares filed for an XRP ETF on 24 January 2025, which makes it the last applicant till date.Coinshares is a multi-national ETF applicant with an active Solana ETF in the UK and an active Solana ETF filing in the USA. It also has an active Bitcoin ETF in the UK.21Shares XRP ETF2821Shares XRP ETFThe US Securities and Exchange Commission21Shares has launched multiple altcoin ETFs with active applications in both XRP and Solana ETFs. Its XRP ETF was filed on 01 November 2024, while its Solana ETF was filed on 28 June 2024.For Bitcoin ETF, it has an active partnership with ArkInvest. However, its decision to go alone in Solana and XRP ETFs indicates that Ark might not have been able to bring good support. For BTC ETF, ArkInvest acted as a marketing partner while 21Shares did the heavy lifting.Bitwise XRP ETFBitwise XRP ETFThe US Securities and Exchange CommissionBitwise and Grayscale are possibly the most diversified ETF issuers on this list. Bitwise filed its S-1 application for an XRP ETF on 02 October 2024, which makes it the first applicant among all US spot XRP ETFs.At present, Bitwise has active ETFs in Bitcoin and Ethereum and has filed applications for approval in Dogecoin, Solana, and XRP ETFs.Why Do XRP ETFs Have a Higher Chance of Success?XRP's ETFs have a very high chance of success and could establish themselves alongside Bitcoin ETFs. The reason for the overwhelming odds is XRP's fundamental factors.Ripple needs XRP for multiple uses like cross-border payments, on-demand liquidity (ODL), issuing and tracking RLUSD, and finally, tokenized RWA funds on XRPL. All of these occur on the XRPL ledger, which uses XRP and drives higher demand.Lately, XRP has secured another regulatory win. The SEC has finally removed the XRP vs. SEC case from its website, signaling that it may withdraw the appeal from the courts. Last year, XRP established itself as "not a security" after a long legal battle (2020 to 2024).Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.