The cryptocurrency market is experiencing a bullish momentum, with major digital assets posting gains across the board. XRP, in particular, has seen a notable uptick, trading at $2.21—a 2.8% increase over the past 24 hours. This surge comes amid growing speculation and high-profile developments surrounding Ripple and the potential for a spot XRP exchange-traded fund (ETF). However, despite viral claims circulating online, no XRP ETF was approved on May 7, 2025.
A recent post by crypto influencer John Squire helped dispel the misinformation. He shared a copy of the official SEC filing from Tuttle Capital, which clearly states that the proposed effective date for its 2x LONG XRP ETF is May 21, 2025—not May 7.
🚫 The $XRP ETF is NOT approved today 🚫
The official SEC filing by Tuttle Capital clearly states the proposed effective date is May 21, 2025.
Any post claiming it’s approved today is spreading false or premature information.
Always check the source. #XRP #CryptoETF
This clarification underscores the importance of relying on verified regulatory documents rather than social media rumors, especially in the fast-moving world of crypto.
Ripple’s Bid to Acquire Circle Fuels Market Speculation
Beyond ETF speculation, Ripple has once again positioned itself at the center of industry attention with its reported bid to acquire Circle, the issuer of the USDC stablecoin. If successful, this acquisition could significantly reshape the digital payments landscape, potentially turning XRP into a more widely adopted global settlement standard.
The move signals Ripple’s ambition to strengthen its foothold in the stablecoin and cross-border payment sectors. Circle’s robust infrastructure and regulatory compliance could complement Ripple’s existing network, especially its On-Demand Liquidity (ODL) solution, which already leverages XRP for real-time international transactions.
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Such consolidation could also attract greater institutional interest, paving the way for broader adoption and regulatory clarity—both critical factors for future ETF approvals.
XRP ETF Approval Odds Rise to 85% for 2025
While no immediate approval has been granted, market sentiment remains optimistic. Analysts now estimate an 85% chance that a spot XRP ETF will be approved by the end of 2025. This growing confidence stems from several key developments:
- Increasing institutional interest in altcoin-based financial products.
- The U.S. Securities and Exchange Commission’s (SEC) evolving stance on crypto regulation.
- Precedent set by recent Bitcoin and Ethereum ETF approvals.
Tuttle Capital’s recent SEC filing included applications for 10 leveraged crypto ETFs, covering assets like XRP, Solana (SOL), Chainlink (LINK), Polkadot (DOT), and even meme-inspired tokens like TRUMP and MELANIA. Notably, this marks the first time leveraged ETFs have been proposed in the U.S. for non-Bitcoin and non-Ethereum assets.
Bloomberg ETF analyst James Seyffart commented on the filings, describing them as “a case of issuers testing the limits of what this SEC is going to allow.” He emphasized that while these applications are exploratory, they reflect a strategic push by asset managers to expand the crypto ETF ecosystem.
The newly formed SEC Crypto Task Force is expected to play a pivotal role in evaluating these proposals. Comprised of experts in blockchain, DeFi, and financial regulation, the task force will assess compliance risks, market stability, and investor protection—key criteria for any ETF approval.
Polymarket, a prediction platform tracking crypto events, currently reflects a 77% probability of a spot XRP ETF being approved in 2025. This figure aligns with broader market expectations and suggests that regulatory hurdles, while still present, may be nearing resolution.
Why a Spot XRP ETF Matters
An approved spot XRP ETF would represent a major milestone for both Ripple and the wider altcoin market. Unlike futures-based ETFs, spot ETFs hold the actual underlying asset, offering investors direct exposure to price movements without counterparty risk.
For XRP, this could mean:
- Increased liquidity and trading volume.
- Greater institutional participation from hedge funds and asset managers.
- Enhanced regulatory legitimacy, reinforcing XRP’s status as a compliant digital asset.
- Stronger price momentum, driven by sustained buying pressure from ETF-linked investment flows.
Moreover, approval would signal that the SEC is willing to recognize certain altcoins as legitimate investment vehicles—potentially opening the door for other tokenized assets to follow.
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Frequently Asked Questions
Is BlackRock showing interest in XRP?
Yes—while BlackRock has not officially confirmed any plans, rumors suggest the asset management giant is exploring XRP-related investment products. Speculation about “big news” from BlackRock has contributed to recent market enthusiasm and price movement.
What role does the SEC Crypto Task Force play in ETF approvals?
The SEC Crypto Task Force is responsible for reviewing emerging crypto financial products, including leveraged and spot ETFs. It evaluates regulatory compliance, market integrity, and investor protection to determine which proposals may move forward.
Is Ripple trying to acquire Circle?
Yes. Ripple has made a formal bid to acquire Circle, aiming to consolidate leadership in the stablecoin and cross-border payments space. The potential merger has sparked widespread discussion about the future of digital dollar infrastructure.
When is the next possible date for an XRP ETF approval?
The most recently cited proposed effective date is May 21, 2025, related to Tuttle Capital’s 2x LONG XRP ETF filing. However, this does not guarantee approval—it simply indicates when the fund could become active if cleared by the SEC.
How do leveraged ETFs differ from spot ETFs?
Leveraged ETFs use financial derivatives to amplify daily returns (e.g., 2x or 3x), making them more suitable for short-term traders. Spot ETFs hold actual crypto assets and are better suited for long-term investors seeking direct exposure.
Can XRP be considered a security?
This remains a debated topic. While the SEC previously classified XRP as a security in its lawsuit against Ripple, a federal judge ruled in July 2023 that XRP itself is not inherently a security when sold to retail investors. This legal precedent has bolstered hopes for ETF approval.
With regulatory clarity improving and institutional interest rising, the path toward a spot XRP ETF appears increasingly viable. While no approval was granted on May 7, the momentum building throughout 2025 suggests that such a decision may not be far off.
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As investors await further developments from the SEC and major financial players, staying informed through reliable sources—not social media hype—will remain essential. The convergence of innovation, regulation, and market demand could soon make XRP one of the most significant success stories in the crypto ETF space.
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