- Six spot XRP ETF applications face SEC rulings between October 18 and 25.
- CME Group reports XRP futures open interest surpassing $1 billion.
- Ripple’s U.S. bank charter decision adds further regulatory weight in October.
The U.S. Securities and Exchange Commission (SEC) will face a crucial week in October as six spot XRP exchange-traded fund (ETF) applications reach their deadlines. Decisions are scheduled between October 18 and October 25. The rulings may determine whether XRP becomes the third cryptocurrency, after Bitcoin and Ethereum, to secure U.S.-listed spot ETFs.
Multiple ETF Applications Enter Review
A post on X by Stedas reveals that the SEC’s calendar features a series of major filings under its updated listing standards. Grayscale’s spot XRP ETF is set for review on October 18. The following day, the 21Shares Core XRP Trust will undergo assessment. Bitwise’s application is scheduled for October 22, while CoinShares and Canary Capital will follow on October 23.
The review cycle will conclude with WisdomTree’s ETF proposal on October 24. These applications arrive as the SEC implements generic listing standards for crypto ETFs. The framework allows approvals beyond earlier case-by-case reviews. Market observers note that the updated process has already supported new crypto-related products.
Regulated XRP Investment Products Expand
Late September saw the launch of the REX-Osprey XRP ETF, traded under the ticker XRPR. The fund became the first U.S.-listed product tied directly to spot XRP. Options trading was added soon after, broadening regulated exposure to the asset.
In parallel, the SEC cleared the Hashdex Index ETF under the new rules. That approval demonstrated the regulator’s shift toward a wider set of digital asset listings. XRP could stand among the earliest beneficiaries if the current filings succeed
Derivatives Activity Shows Rising Demand
XRP’s derivatives market is also experiencing sharp growth. Data from CME Group reported futures open interest above $1 billion. That figure marked the fastest expansion among digital asset contracts available on the exchange.
CME confirmed it will introduce options on XRP futures and micro XRP futures on October 13. This addition will increase the scope of institutional access to XRP within regulated markets. The alignment of ETF decisions with derivatives expansion positions October as a pivotal month for the token’s market structure.
Beyond ETFs and derivatives, Ripple’s application for a national bank charter remains under review at the Office of the Comptroller of the Currency. A decision is expected in October, adding another layer of regulatory importance to the month. The convergence of ETF rulings, derivatives growth, and a potential banking license has placed XRP at the center of institutional and regulatory attention this October.
