Researcher Sets Date for XRP Spot ETFs Approval

Crypto researcher SMQKE (@SMQKEDQG) has pointed to May 22 as a potentially decisive date for XRP spot ETFs. In a post on X, SMQKE noted that the SEC must respond to Grayscale’s XRP spot ETF filing by that day. This deadline has gained significance in light of the recent approval of Teucrium’s 2x Leveraged XRP ETF . ‼️BREAKING: XRP Spot ETFs Could Get the Green Light by May 22‼️ 👇 pic.twitter.com/J71fGDFFxs — SMQKE (@SMQKEDQG) April 18, 2025 The SEC has acknowledged several applications for XRP spot ETFs, signaling that the agency is formally reviewing them. Acknowledgment does not mean approval but marks an important step in the regulatory process. With Teucrium’s leveraged XRP product already approved by the New York Stock Exchange Arca (NYSE Arca), the SEC is now under pressure to justify why a less risky spot product should not be approved. Teucrium’s Approval Raises New Questions Teucrium’s 2x Leveraged XRP ETF, which relies on returns from European ETPs and swap agreements, was approved despite its complexity and risk profile. This fact is central to SMQKE’s argument, as the approval makes it harder to justify rejecting a spot XRP ETF. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Leveraged ETFs aim to amplify daily returns, which introduces greater volatility. If such a product is deemed acceptable, the rationale for denying simpler spot-based products becomes weaker. The market is also eager to trade with these products, as Teucrium’s CEO recently revealed that the XRP ETF was the most successful launch in the company’s history . SEC’s Shifting Approach to Crypto Regulation The SEC’s approach to crypto regulation appears to be changing. Over the past few months, the Commission has dropped several crypto-related lawsuits, including the long-running lawsuit against Ripple . Although the SEC has not formally endorsed cryptocurrencies, this move has been interpreted by many in the crypto space as a signal of a broader policy shift. This shifting stance is reflected in the agency’s willingness to engage with ETF applications tied to cryptocurrencies. These ETFs will likely be approved, as concerns about market manipulation and investor protection may not hold in the current regulatory environment, especially when riskier products like leveraged ETFs are approved. Investors will wait eagerly for the May 22 deadline, as many market participants believe ETFs will help XRP grow substantially. Whether the SEC grants or denies the application, the justification provided will likely influence how future XRP-related financial products are treated. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Researcher Sets Date for XRP Spot ETFs Approval appeared first on Times Tabloid .

Source: TimesTabloid