Grayscale's proposed XRP ETF is now under review by the Securities and Exchange Commission (SEC), with a decision expected by October 18, 2025. The 240-day review period began after the filing was posted to the Federal Register. The SEC will evaluate compliance with securities laws, assess market integrity, and examine custody arrangements and investor protections. However, the XRP ETF application faces regulatory hurdles due to ongoing litigation between Ripple Labs and the SEC regarding the legal status of XRP. The SEC has also shown caution towards altcoin ETFs compared to Bitcoin ETFs.
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