The XRP is no longer waiting for the green light, it is moving forward. Several key asset managers, including Proshares and Bitise, have been submitted to launch the XRP ETF, demonstrating a wave of institutional benefits for cryptocurrencies.
The most talked-about submissions come from ProShares, which applied for the futures-based “Short XRP ETF” on April 30, 2025, with the aim of launching early. This allows investors to gain exposure to XRP through regular brokerage accounts.
According to Kaiko Research, XRP leads all Altcoins in 10 active ETF filings than Solana, Litecoin or Dogecoin. It also has the most powerful fluidity. In other words, there is a lot of buying and selling activity close to the market price. This kind of depth is an important factor that the SEC sees when considering ETF approval.
Is the XRP the next big ETF bet?
Crypto analyst John Squire has expressed his excitement after major developments around XRP. Shortly after sharing his thoughts on Ripple, which unlocks XRP’s massive moves and the possibility of a settlement in the SEC case, Prosheres submitted an official submission to launch the XRP ETF.
The target date for this ETF is April 30th, 2025. Squire believes that this moment shows true momentum, not just speculation. According to him, XRP is not sitting on the sidelines waiting for approval. Instead, it is confidently stepping into the spotlight and heading towards broader market awareness.
He further emphasizes that the SEC holds the key to what will happen next. Under new leadership, SEC actions could shape how quickly XRP can grow from here.
More players will take part in the XRP ETF race
Furthermore, ProShares applications are part of a larger trend. Other companies such as Bitwise, 21 shares and Coinshares have also stepped in and are trying to offer XRP-based products. These applications reflect an increase in demand from investors who want to be exposed to XRP in a more regulated, more accessible way. If these ETFs are approved, they can significantly increase the visibility and reliability of XRP within traditional financial circles.
SEC Factor and Black Rock’s Silence
One reason for the growth of optimism is the change in leadership of the SEC. There is speculation that the agency could drop an appeal in the ongoing Ripple case, allowing the door to Spot XRP ETF to be opened. Such a move will be a massive milestone. However, one major player is still missing on the list. It’s Black Rock. Known for its influence in the ETF world, BlackRock entries could reconstruct the entire XRP ETF landscape if they choose to be involved.
For now, the road to mainstream adoption for XRP appears to have gained traction faster than ever. With strong applications, shift regulations and analysts paying attention to trends, the setting is set to ensure XRP ultimately shines in traditional finance.
