Spot ETFs | 12 XRP Funds Awaiting Approval

A growing buzz surrounds the 12 XRP spot exchange-traded funds (ETFs) waiting for approval, with industry insiders pinning hopes on decisions coming as soon as May. This potential influx raises questions about regulatory oversight and the future of XRP in financial markets.

Current Situation of XRP Spot ETFs

Sources indicate that 12 applications for XRP spot ETFs are currently pending. These include major players such as:

• Bitwise

• Grayscale

• 21Shares

• Canary Capital

• WisdomTree

• CoinShares

• Franklin Templeton

• ProShares

• Volatility Shares

• Invesco

• VanEck

• Fidelity

Interestingly, further comments hint that some believe there are as many as 17 ETFs under consideration. However, it seems only a subset focuses on spot recognition.

Upcoming Decisions in May

The first four applications—Bitwise, Grayscale, 21Shares, and Canary—are set for decision this month.

"First 4approval decisions are all set in May. So we should hear some good news in a few weeks," a source stated.

As conversations unfold, key figures like Brad have suggested that around 11 of the ETFs discussed could be spot-focused. This adds another layer to the ongoing speculation surrounding the pending approvals.

Community Sentiments

In the crypto community, people express a mix of anticipation and strategy. One comment hints at a desire to accumulate more XRP before any spot ETF launches.

• "Ssshhhhhhhhhhh! I’m trying to build my bag more before the Spots launch!"

Moreover, the ongoing discussions reflect anxiety over market fluctuations closely tied to regulatory decisions. Some believe these upcoming approvals could significantly impact market dynamics.

Takeaway Points

• 🔹 12 XRP spot ETFs awaiting approval; discussions fluctuate among 12-17 ETF figures.

• 🔸 Decisions for the first four expected in May; optimism builds.

• 📈 **