**Exciting Developments Ahead: SEC to Discuss XRP ETFs in Upcoming Meeting**
The U.S. Securities and Exchange Commission (SEC) is set to hold a closed-door meeting this Thursday to delve into discussions about XRP ETFs. The extended review timelines from the SEC, coupled with the ongoing Ripple lawsuit, create some uncertainty regarding when we might see any potential approval for an XRP ETF. This week, Ripple’s XRP has become a hot topic among crypto enthusiasts, especially with the SEC’s upcoming meeting on the horizon.
In the meantime, NYSE Arca submitted a 19b-4 application on January 30 to transform Grayscale’s XRP Trust into a spot ETF. The SEC acknowledged this filing on February 13, inviting public comments and marking the beginning of a structured review process. These developments have heightened anticipation for the approval of the spot product this week.
Interestingly, Brazil has taken a lead in this area, as its securities regulators, known as the ‘Comissão de Valores Mobiliários,’ have already approved the first-ever spot XRP ETF. The SEC’s acknowledgment of XRP ETFs has fueled optimism for a similar approval in the U.S. Recently, the SEC recognized three separate 19b-4 filings for spot-based XRP ETFs from Cboe BZX and Nasdaq, indicating a shift in the regulator’s stance on cryptocurrency. This has left XRP enthusiasts hopeful for a favorable decision from the SEC regarding a spot XRP ETF.
In a noteworthy development, the SEC has scheduled another closed-door meeting on February 27, which will include discussions specifically about XRP ETFs. A significant focus will be on Cboe’s proposal to list the Spot product, with the Cboe BZX Exchange, Inc. filing a proposed rule change to list and trade shares of the Bitwise XRP ETF under BZX Rule 14.11 (e)(4), which pertains to Commodity-Based Trust Shares.
Grayscale Investments’ initiative to convert its $16 million XRP trust into an exchange-traded fund (ETF) is currently under review by the SEC. This filing was the first XRP ETF application acknowledged by the SEC, and its publication in the Federal Register has initiated a 240-day review period, with a decision expected by October 18, 2025. While the crypto community is eager for a quick approval, the SEC’s agenda remains somewhat ambiguous.
Adding to the intrigue, there is ongoing speculation about a possible settlement in the Ripple lawsuit, which some experts believe could occur before the ETF approval, given the lawsuit’s complexity and the SEC’s lengthy review process. Despite Polymarket indicating an 80% chance of XRP ETF approval, reflecting strong market optimism, XRP’s price has recently dipped to a 23-day low. This decline comes as XRP continues to navigate the evolving landscape of cryptocurrency regulation.
