- The SEC is reviewing WisdomTree’s proposal for the first U.S. spot XRP ETF, with a final decision due in up to 240 days.
- Ripple settled its legal battle with the SEC for $50 million, far less than the original $2 billion demand.
- XRP’s price stayed steady around $2.28 despite the ETF news, with predictions hinting at a possible jump to $8 by 2025.
In a move that’s stirring chatter across the crypto world, the SEC is now officially reviewing a proposal from WisdomTree to launch the first-ever U.S.-based spot XRP ETF. The fund, if approved, would let investors gain exposure to XRP without having to directly hold the token. That’s a pretty big deal, considering XRP hasn’t yet been given the green light for this kind of product—unlike Bitcoin and Ethereum, which already have ETFs in place.
The SEC’s public comment period is now open, and it wants to hear what people think about market manipulation risks and investor protection mechanisms. The final decision could take up to 240 days, and yep, the clock’s already ticking. Investors and analysts alike are watching closely—not just for XRP, but for what this could mean for altcoins in general.
Market Reaction and Legal Closure
So far, XRP’s price hasn’t gone wild. It’s hanging around $2.28, a level it’s bounced off a few times recently. Regulatory uncertainty is probably keeping a lid on any big moves, even with the ETF news out. Some predictions out there are still bold though—Finance Magnates floated an $8 price target for XRP by the end of 2025. That’s a big leap, but hey, crazier things have happened in this market.
Meanwhile, Ripple finally settled its long-running legal battle with the SEC. The firm agreed to pay $50 million, way down from the $2 billion the SEC originally wanted. Interestingly, the settlement came shortly after Paul Atkins took over as SEC Chair. The deal also includes the return of more than $75 million to Ripple from an escrow account. With this chapter closed, Ripple and XRP might finally have some breathing room.
ETF Buzz Meets Regulatory Fog
WisdomTree’s push for an XRP ETF adds another twist to the U.S. crypto landscape. If approved, it would mark a major win—not just for XRP holders, but for the broader market looking to diversify beyond BTC and ETH. Still, we’re not there yet. The SEC’s decision could set a precedent that shapes how altcoins are treated from here on out. And with legal dust just settling around Ripple, it’s all eyes on what comes next.
