Grayscale's XRP ETF Hits Federal Register; SEC Must Decide by October 18!

TradingKey - Grayscale's spot XRP ETF has been submitted to the Federal Register, signaling that the SEC has begun its review and must approve or deny it by October 18.

According to a filing from the SEC on February 20, Grayscale's spot XRP ETF (19b-4 application) has officially been submitted to the Federal Register, bringing it one step closer to a final decision.

As per regulations, the SEC will now review the application and must make a ruling by October 18, which could include approval or rejection. During this period, the SEC may communicate with Grayscale to request additional information or clarification on relevant issues.

Prior to this, Grayscale's spot ETF had already completed two key steps. On January 30, 2025, the New York Stock Exchange Arca submitted a 19b-4 filing to the SEC, seeking to convert Grayscale's XRP Trust into an XRP spot ETF. On February 13, the SEC confirmed receipt and began processing the 19b-4 application submitted by NYSE on behalf of Grayscale.

Similar to Bitcoin, former President Trump has shown a favorable stance towards XRP, which could potentially influence the SEC's decision to approve the XRP spot ETF. Previously, President Trump shared an article about XRP on his platform, Truth Social, and discussed the possibility of XRP being considered a strategic reserve asset for the U.S. with Ripple CEO Garlinghouse.