Finst

XRP community pushes SEC to approve Spot ETF

Only a “very small number of tokens” fall under US securities law, according to SEC Chair Paul Atkins recently.

By Mike Hesp
• 2 min read
XRP community pushes SEC to approve Spot ETF

Only a “very small number of tokens” fall under US securities law, SEC Chair Paul Atkins said recently. That statement immediately gives Ripple investors hope.

Following the Ripple vs. SEC settlement, many XRP holders are counting on a speedy approval of a US Spot ETF. If that happens, XRP would become, after Bitcoin, Ethereum, and Solana, the fourth crypto with a listed exchange-traded fund.

The Ripple Army, XRP’s devoted supporters, are meanwhile pushing a View post on X via X. Under a post by Atkins, a user replied sharply:

View post on X

Investors are pricing in an optimistic approval chance. According to Polymarket data, the odds of a Spot-XRP ETF getting the green light this year are about 78%. A decision is expected no later than the end of October.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.