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Ripple CEO Reacts to SEC XRP ETF Acknowledgement, as Coin Moves Past $2.75
- The reality of an XRP ETF could be here sooner rather than later, with the SEC officially acknowledging an NYSE/Grayscale fund filing.
- Ripple CEO, Brad Garlinghouse, gave naysayers an ‘I told you so’ via social media in response to the news.
- The SEC now has 240 days to approve or decline the filing.
- The price of XRP rose thanks to the SEC’s acknowledgement, with the coin now gaining 13% since last week.
The first steps toward the Securities and Exchange Commission (SEC) greenlighting a spot XRP ETF have been taken.
Despite an ongoing legal tussle between Ripple Labs and the regulator, pundits believe the new-look SEC will eventually drop the lawsuit.
And fittingly, on Valentine’s Day, the animosity might be starting to resolve as the SEC officially acknowledged a filing for an XRP ETF.
This kickstarts a review process that will eventually lead to an approval, or rejection, of spot XRP funds.
Related: ETH Gains Despite Expert Warning on ETF Inflows vs True Dominance
XRP Looking to Build Momentum With Potential ETF Approval
A potential XRP exchange-traded fund has been building momentum throughout 2025, following the coin’s rapid rise to end last year.
XRP has been close to a permanent fixture in the top 10 by market cap over the decade, but suffered from lacklustre price performance — until Trump’s election victory.
With sentiment shifting, so too did interest in a spot XRP ETF.
The specific filing acknowledged came from Grayscale and the New York Stock Exchange. The official acknowledgement means the SEC has 240 days to decide whether they will grant ETF approval.
The news was well received by investors, pushing the XRP price up 13% in the past week of trading.
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XRP Acknowledgement Joins Solana, Litecoin
Fund managers are making a significant push for spot ETFs under the Trump administration, following the success of Bitcoin and Ethereum products.
The news of the SEC acknowledging an XRP ETF filing follows a similar announcement earlier in February regarding a proposed Solana fund.
Meanwhile, institutions have also applied for Litecoin, Solana and Dogecoin ETFs, with Bloomberg experts James Seyffrat and Eric Balchunas suggesting approval is more likely than not.
Author
Ben Knight
Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.
