Ripple’s CEO, Brad Garlinghouse, took to social media to share a confident message following news that the SEC has formally acknowledged an XRP ETF filing by a joint effort from the NYSE and Grayscale. The filing now enters a review period of 240 days, during which the SEC will decide whether to greenlight the spot XRP ETF.
Investor enthusiasm has surged in response, with XRP’s price climbing 13% over the past week and moving past the $2.75 level. This boost comes despite the ongoing legal dispute between Ripple and the SEC, as many market observers believe that the revamped regulatory stance may eventually lead to a resolution in Ripple’s favor.
The filing’s acknowledgement is viewed as a significant first step toward the establishment of a spot XRP ETF—a product that could offer institutional investors a new way to gain exposure to XRP. In recent months, interest in such an ETF has grown steadily, especially after XRP’s price performance improved following the recent political developments.
While Ripple’s legal challenges with the SEC continue, industry experts remain optimistic. They point out that similar initiatives with Bitcoin, Ethereum, Solana, and Litecoin have paved the way for broader acceptance of digital assets. With the SEC now in a position to review the XRP ETF proposal over the coming 240 days, the crypto community is watching closely for signs that this long-anticipated product might finally come to fruition.
In a climate where regulatory clarity is highly prized, Garlinghouse’s recent social media post—an apparent “I told you so” to his critics—resonates strongly with investors. As the SEC’s review process unfolds, all eyes will be on whether this development can deliver a new era of institutional participation and stability for XRP in the increasingly competitive crypto market.
