Grayscale Advances XRP ETF Application: What This Means for Price Potential – BitRss

Grayscale has reached a critical milestone in its application for a spot XRP ($2.67) exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) has initiated the official review process by publishing the company’s 19b-4 filing in the Federal Register. This development indicates that the SEC will make a decision on whether to approve or deny the ETF application by October 18, 2025. So, could the price of XRP soar to an all-time high of $3.84 as a result?

The Official Decision Process for XRP ETF Has Begun

Following the approval of a spot Bitcoin $98,590 ETF, Grayscale aims to establish ETFs for various cryptocurrencies. According to Fox Business journalist Eleanor Terrett, the SEC’s publication does not imply approval but signifies that the decision process has officially commenced.