XRP’s Big October: Six ETF Verdicts and $1B Futures Rally Set the Stage
The US Securities and Exchange Commission (SEC) has a big week ahead in October as 6 XRP exchange-traded fund (ETF) applications...
Quick overview
- The SEC is set to review six XRP ETF applications between October 18 and 25, which could lead to XRP becoming the third cryptocurrency with a US listed spot ETF.
- XRP's derivatives market is experiencing rapid growth, with futures open interest surpassing $1 billion, indicating strong institutional interest.
- Ripple's application for a national bank charter is also under review, which could enhance its ability to offer banking services related to digital assets.
- October is shaping up to be a pivotal month for XRP, with significant developments in ETFs, derivatives, and regulatory approvals.
The US Securities and Exchange Commission (SEC) has a big week ahead in October as 6 XRP exchange-traded fund (ETF) applications approach decision deadlines. Between October 18 and 25, regulators will review filings that could make XRP the 3rd cryptocurrency to have a US listed spot ETF.
Grayscale’s application is up first on October 18, followed by 21Shares Core XRP Trust ETF on October 19. Then the SEC will look at Bitwise on October 22, Canary Capital and CoinShares on October 23, and WisdomTree on October 24.
The timing coincides with the SEC’s newly approved generic listing standards for crypto ETFs which are supposed to make approvals easier than the case by case model used previously. The launch of the REX-Osprey XRP ETF (XRPR) in late September with options trading has already brought XRP into regulated markets and shows investor demand for structured products.
Derivatives Fuel Institutional Momentum
Along with ETF filings, XRP’s derivatives market is growing like never before. CME Group data shows XRP futures open interest has surpassed $1 billion, the fastest growth of any major crypto derivatives.
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The exchange will also launch XRP and Micro XRP futures options on October 13, further increasing institutional exposure. Industry analysts see this as evidence of increasing appetite for regulated XRP products.
October milestones for XRP:
- Grayscale ETF review – October 18
- 21Shares ETF review – October 19
- CME launches XRP options – October 13
- WisdomTree ETF ruling – October 24
The alignment of derivatives expansion and ETF deadlines is a bigger institutional push and makes October a decisive month for XRP.
Ripple’s Bank Charter Under Review
And to add another layer of significance, Ripple’s application for a national bank charter is under review by the Office of the Comptroller of the Currency (OCC). A decision is expected in October which will increase the stakes for XRP.
If approved, Ripple will have new authority to offer banking services tied to digital assets and will create a stronger regulatory framework for investors and financial institutions.
Together, ETF decisions, derivatives growth and a bank charter present a rare convergence of events. For XRP, October may be a structural shift – not just for the price but for its place in regulated US markets.
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