Recently, several well-known financial institutions have successively submitted applications for the XRP ETF, which has attracted widespread attention from the encryption currency market. Currently, known applicants include Grayscale, Franklin Templeton, 21Shares, and Bitwise, while WisdomTree is also in preparation. The U.S. Securities and Exchange Commission (SEC) has initially set the ruling date for October this year, which coincides perfectly with the expected implementation date of the SEC's new regulations.

The implementation of new regulations may significantly improve the approval efficiency of encryption ETFs, allowing them to enter a standardized process. This means that the XRP ETF could potentially be approved as early as October this year, and even if there are delays, it is very likely to be implemented before the first quarter of 2026.

From a market perspective, the successful launch of Bitcoin and Ethereum ETFs has proven that traditional financial institutions have a strong demand for compliant encryption investment channels. XRP, with its application in cross-border payments and relatively clear compliance, may better meet the needs of institutional investors than Ethereum.

Currently, the market's focus has shifted from "Will XRP have an ETF?" to "When will the ETF be approved?" and "How will the funds flow after approval?" Considering the successful cases of Bitcoin and Ethereum ETFs, the approval of the XRP ETF seems to be just a matter of time. Once officially established, market sentiment may quickly heat up, and the expectation of liquidity release could potentially recreate the market frenzy seen during the approval of the Bitcoin ETF.

With these developments, the cryptocurrency market may welcome a new round of capital inflows and price fluctuations. Investors and market participants should closely monitor relevant regulatory dynamics and market reactions to seize potential investment opportunities.