XRP ETF Countdown Begins as SEC Ruling Window Officially Opens

TLDR

• Solana, Litecoin, and Hedera spot ETFs began trading on Wall Street on October 28.
• Ripple confirmed that seven spot XRP ETF applications are currently under SEC review.
• The SEC is expected to make decisions on XRP ETFs between October 18 and November 14.
• XRP futures began trading on Coinbase Derivatives in April and on CME Group in May 2025.
• XRP will meet the six-month futures trading requirement by late November this year.

Spot exchange-traded funds for Solana, Litecoin, and Hedera began trading on Wall Street yesterday. These launches increase interest in other altcoins. Now, attention turns toward the long-anticipated XRP ETF approval.

Solana, Litecoin, and Hedera ETFs Begin Trading

Spot ETFs for Solana, Litecoin, and Hedera started trading on U.S. markets on October 28. These ETFs mark the first time these altcoins received Wall Street listings. This development adds momentum to altcoin financial products.

Asset managers moved forward after the SEC’s new listing standards for crypto ETFs were announced. The approval process gained speed since September. These standards support ETF listings after meeting specific regulatory conditions.

Solana, Litecoin, and Hedera met all criteria for ETF approval. These altcoins now trade alongside Bitcoin and Ethereum ETFs. Their launches triggered broader attention toward upcoming altcoin products.

SEC Reviews Seven Spot XRP ETF Filings

Ripple’s new Q3 2025 report confirms that seven XRP ETF applications are under SEC review. The SEC may decide between October 18 and November 14. This timeline aligns with recent regulatory updates.

The report confirms XRP now satisfies the SEC’s minimum futures trading requirement. XRP futures launched on Coinbase Derivatives on April 21. CME Group began offering XRP futures on May 18.

This six-month window ends by late November 2025. The XRP ETF could receive approval as soon as December. All filings remain active within the SEC’s review process.

Market sentiment supports the likelihood of approval. Prediction platform Polymarket now shows a 99% chance of XRP ETF approval before 2026. These forecasts suggest institutional confidence in XRP’s listing potential.

Legal Case Settlement Clears XRP’s Path

Ripple finalized its legal dispute with the SEC in August. Both parties dropped their appeals in the U.S. Court of Appeals for the Second Circuit. This move brought an end to a long legal battle.

The final judgment upheld Judge Analisa Torres’ 2023 ruling. Her decision stated Ripple’s programmatic XRP sales were not securities. However, institutional sales required compliance.

Ripple agreed to pay a $125 million civil penalty. This amount fully closed the enforcement case. No further court challenges remain.

Ripple now says it is “well-positioned” to support regulated products. The company identified ETF readiness as the next step. The XRP ETF timeline now appears more straightforward.

XRP Futures Trading Unlocks ETF Eligibility

XRP began regulated futures trading in April 2025. These contracts meet the SEC’s ETF listing requirement. The new standard requires at least six months of futures trading experience.

Coinbase Derivatives listed XRP futures on April 21. CME Group followed with its launch on May 18. Both exchanges remain active in trading XRP derivatives.

According to Ripple, “XRP meets all conditions for ETF approval.” The company added that U.S. markets are prepared. XRP ETF products may arrive soon.

Canada launched three XRP ETF products in June 2025. These ETFs received approval from Canadian regulators. They are now trading on local exchanges.

Brazil listed the first XRP ETF in April 2025. Asset manager Hashdex launched the product. It remains available for institutional and retail investors.

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