October tiptoes in with a spreadsheet and a shrug, and the SEC is poised to review six spot XRP ETF applications in a single week, as Ripple’s bank-charter drama looms like a soap opera in a bank lobby.
XRP ETFs: a week-long audition
In October, the U.S. Securities and Exchange Commission will flip through six spot XRP ETF proposals between the 18th and the 25th, as if speed-dating the future of money. If anyone green-lights one, XRP will join Bitcoin and Ethereum on the U.S.-listed ETF stage. Spoiler: I’m rooting for the snacks, not the outcome. 😅
Here’s the lineup, in the order the calendar arranged it: on October 18, Grayscale’s XRP ETF; October 19, the 21Shares Core XRP Trust ETF; October 22, the Bitwise XRP ETF; October 23, Canary Capital and CoinShares; and October 24, WisdomTree’s XRP ETF takes its turn. If you’re counting, yes, that’s five names plus two on the same day, which is how conferences feel when there’s free coffee. ☕💼
INSIGHT: Spot ETF decisions will come throughout October
– crypto.news (@cryptodotnews)
The SEC has even rewritten some listing standards for crypto ETFs, presumably to speed things up so they can finish lunch before the janitor comes by with the mop. The upshot: quicker decisions on filings, including those for XRP. Great news for people who prefer their suspense with a side of marginally better certainty. 🍔🔎
XRP futures: the grown-ups are watching
XRP futures are drawing big crowds, too. CME Group reported open interest above $1 billion, which sounds like a lot of digits until you realize it’s not a count of people in a yoga class, but a count of contracts nobody wears at a party. The October 13 launch of XRP and Micro XRP futures options could attract more institutional players into a regulated playground-where the slide is still a slide, but with a license. 📈🚀
JUST IN: CME XRP Futures OI Hits Record $1B
Open interest in XRP futures on CME has surged past $1 billion for the first time ever – a new all-time high.
– NuDEX Exchange (@nudex_official)
All this thrill in the futures market sits next to the ETF reviews like two roommates arguing over the thermostat. It signals a growing appetite for XRP-based products among institutions that prefer a little regulation with their risk. Or at least a pamphlet about it. 🧾🏛️
Ripple’s bank charter decision: the grown-up version of a verdict
Meanwhile, Ripple’s bid for a national bank charter is under OCC review, with a decision anticipated in October. If Ripple gets the charter, it would be able to offer more services to institutional clients and possibly confuse the risk-averse, which is probably the point. A bank charter would bring regulatory clarity and access to a broader market, which is nice unless you’re the person who preferred “unspecified risk” as a hobby.
Put together with the ETF headlines, these regulatory moves could reshape XRP’s standing in the U.S. financial system-like a family road trip where everyone pretends to know where they’re going, and somehow the GPS keeps recalculating in a way that feels meaningful and vaguely terrifying. 🚗💳
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2025-09-29 14:27