XRP ETF Approval Nears as June Deadline Approaches
The cryptocurrency market braces for a pivotal change. ProShares and Franklin Templeton filed fresh applications for the first-ever XRP exchange-traded fund, or ETF. Expectations are high that the U.S. Securities and Exchange Commission, or SEC, might grant approval soon. This approval could transform how investors engage with XRP, boosting market confidence and showcasing regulatory acceptance. Driven by rising anticipation, XRP proponents are eager to witness the SEC’s decision before the end of June 2025. This could lead to a surge in XRP trading volumes as investors seek exposure to this novel investment vehicle. Investors should keep an eye on upcoming regulations and approval timelines that could significantly impact the cryptocurrency landscape.