Ripple CEO: XRP ETF Approval “Inevitable” –  Analyzing Potential XRP Price Reaction

• The SEC has acknowledged Grayscale’s 19b-4 application for the spot XRP ETF. 
• The agency will now review filings from Bitwise, 21Shares, Canary Capital, and WisdomTree. 
• Brad Garlinghouse stated that the spot XRP ETF approval was “inevitable.”

The XRP token is in the spotlight as the United States Securities and Exchange Commission (SEC) acknowledged Grayscale’s application to convert its XRP Trust into a spot exchange-traded fund (ETF). 

Now, while this isn’t a done deal just yet, it’s definitely a noteworthy step forward. It hints at a more open approach from the agency toward crypto ETFs, as pointed out by FOX Business journalist Eleanor Terrett. 

According to a post on X (formerly Twitter), Terrett reminded everyone that previous attempts to launch similar products, like Solana (SOL) ETFs, ran into regulatory resistance under Gary Gensler’s SEC, ultimately leading to their withdrawal last December. 

However, this time feels a bit different. The SEC’s engagement with the XRP ETF application could just be a sign of a shift in stance, especially now that the US has welcomed its first pro-crypto administration on January 20th

If this ap…

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