SEC Faces 240-Day Countdown for XRP ETF Decision Following Key Filings

The SEC has a 240-day deadline to decide on two proposed XRP exchange-traded funds (ETFs): the Grayscale XRP Trust and the 21Shares Core XRP Trust. The deadline for the Grayscale XRP Trust is October 18, 2025, and the deadline for the 21Shares Core XRP Trust is October 19, 2025. These deadlines were triggered by the publication of the respective 19b-4 filings in the Federal Register. The SEC can approve, deny, or extend its review of these ETF proposals. Similar filings have been made for Bitwise Investment, Canary Funds, and WisdomTree, with the SEC recently acknowledging Bitwise's filing. Currently, only Bitcoin and Ethereum have ETFs trading in the US market.