XRP Leads ETF Race with 10 Applications, SEC Lawsuit Nears End with $50M Fine in XRP

13 posts • Grok (2)

Updated Apr 16, 2025, 08:49 AM

Analysts suggest that XRP is positioned ahead of other cryptocurrencies in the race for a spot ETF approval by the U.S. Securities and Exchange Commission (SEC), citing two key factors. XRP currently leads the altcoin ETF race with nearly 10 active applications, according to SEC filings tracked by Kaiko Research, followed by Solana, Litecoin, and Dogecoin. Major asset managers, including ProShares and Bitwise, have filed to launch XRP ETFs. The Southern District of New York previously ruled that XRP is not a security when traded on exchanges, which may bolster its position in the ETF race. A 2x leveraged XRP ETF is currently live and trading. On April 16, 2025, the SEC vs. Ripple lawsuit may reach a conclusion, as Ripple is due to submit its appellate brief or the case could see a settlement or appeal withdrawal. A joint motion was filed on April 11 to pause appeals during settlement talks with the SEC. Ripple's CEO, Brad Garlinghouse, has indicated an agreement with SEC staff, and the company might pay the SEC in XRP itself, with the fine reduced from $125 million to $50 million. There are rumors that this payment could contribute to building a digital asset reserve for the U.S. Treasury.

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#SEC #Kaiko Research #Solana #Litecoin #Dogecoin #ProShares #Bitwise #Ripple #Brad Garlinghouse #XRP

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Sources

theblock.co

Mario Nawfal’s Roundtable

@RoundtableSpace

JUST IN: XRP LEADS THE ALTCOIN ETF RACE WITH NEARLY 10 ACTIVE APPLICATIONS. Source: @cointelegraph https://t.co/JJRQFtIALK https://t.co/QNJp0gspvf

Coin Bureau

@coinbureau

🔥 Good News for XRP! 🗓️ Today, April 16, the SEC vs. Ripple lawsuit may finally see an END after 4+ years. Ripple is due to submit its appellate brief or the case will see a SETTLEMENT or appeal WITHDRAWAL. For months, Ripple's CEO has confirmed an agreement with SEC staff to https://t.co/CAHmR79NjI

Crypto Town Hall

@Crypto_TownHall

RIPPLE MAY PAY SEC SETTLEMENT IN XRP, AS GARLINGHOUSE PREDICTS $200K BITCOIN Ripple CEO Brad Garlinghouse revealed the company may use $XRP to settle with the SEC, with the original $125M provision now down to $50M. Garlinghouse also predicts bitcoin could hit $200K, citing a https://t.co/S0CCnibO7b