SEC starts re-examination of two XRP ETF applications as institutional interest in cripto grows

US Securities and Exchange Commissions (SEC) have recognized Submit from CBOE BZX Exchange to KSRP list KSRP traded funds (ETFS) from the 21shares and bid property manager. SEC accepted the 21Shares request at 14. February, and then in Bob. February 18. February. This indicates the beginning of the formal agency audit process, which allows 21 days for public comments on proposals.

Analysts speculate in probability to approve these ETFS. Bloomberg ETF Experts James Seiffart and Eric Balchunas estimate 65% Accessories for approval, while the Preserve Market Preserved to 78% by the end of 2025. Years. Other companies, including channel and wisdomtree, also filed XRP ETFS, adding to the growth of institutional interest in cryptocurnent investment products.

SEC is an approach to XRP developed from its legal battle with a laboratory laboratory. In August 2024. year, the Federal Judge ruled that the KSRP itself is not security, but can be classified as one under certain conditions. SEC special application refers to XRP as goods, aligning it with Bitcoin and Etherem. The Fertvise report notes that there is no direct connection to address laboratories and claims that the KSRP does not meet the criteria to be considered certainty.

The price of the KSRP increased after the ETF submission and the transfer of the regulatory attitude. After years of consolidation, the cryptocurrency broke out at the end of 2024. while investors reacted to an increase in institutional demand. Behind the KSRP, the other Kryptocurrenci ETFs are in the oil pipeline, including those focused on Solana, Litecoin and Dogecoin. The broader CRIPTO ETF market continues to expand, with issuers who explore new mechanisms such as residual and resistant in kind. 14. February, Nasdak stated Hashdek Nasta CRIPTO Index US ETF, marking the first spot of the CRIPTO index fund in the USA

The process of approval for the KSRP ETFS comes until the Trump Administration includes more crypto-friendly friendry, although 21shares initially filed its Core XRP Trust ETF application in just before selecting 2024. Years. Ever since attending function, Trump promoted policies to position us as a leader in the crypto industry and appointed regulators that support digital property. Gepple The entire Brad Garlinghouse remains optimistic about the ETF approval, stating increasing institutional interests and developing regulations. As Ripple continues to develop the main book KSRP for decentralized financial applications, the market will carefully watch as a second manual crypt of approvals in the coming months.