No XRP ETFs Were Approved on May 7, Expert Clarifies

·

The cryptocurrency market is experiencing a bullish momentum, with most digital assets posting gains across the board. Among them, XRP has seen a notable uptick, currently trading at $2.21—a 2.8% increase over the past 24 hours. This surge comes amid growing speculation and high-profile developments surrounding Ripple and its flagship asset, XRP.

One of the most talked-about topics recently has been the potential launch of a spot XRP exchange-traded fund (ETF). However, it’s crucial to clarify: no XRP ETF was approved on May 7, 2025. Despite viral claims circulating online, experts have stepped in to correct the misinformation.

Ripple’s Strategic Move: Bid to Acquire Circle

Ripple has remained in the headlines not only for ETF speculation but also for its bold strategic play—submitting a bid to acquire Circle, the issuer of the USDC stablecoin. If successful, this acquisition could significantly reshape the global payments landscape by consolidating two major players in blockchain-based financial infrastructure.

Such a merger would enhance interoperability, expand cross-border payment capabilities, and potentially position XRP as a core settlement asset within a broader financial ecosystem. Industry analysts believe this move signals Ripple’s ambition to go beyond remittances and become a foundational layer in institutional-grade digital finance.

👉 Discover how major crypto developments are shaping the future of digital finance.

Debunking the XRP ETF Approval Rumor

Amid rising market excitement, false reports emerged suggesting that Tuttle Capital’s 2x LONG XRP ETF had officially launched on May 7. These claims were quickly debunked by crypto influencer John Squire, who shared documentation from the U.S. Securities and Exchange Commission (SEC) to set the record straight.

🚫 The $XRP ETF is NOT approved today 🚫
The official SEC filing by Tuttle Capital clearly states the proposed effective date is May 21, 2025.
Any post claiming it’s approved today is spreading false or premature information.
Always check the source.

This clarification underscores the importance of relying on primary sources when evaluating regulatory milestones in the crypto space. While an approval by May 2025 remains possible, no final decision has been made.

Growing Institutional Interest in XRP ETFs

Tuttle Capital’s recent SEC filing wasn’t limited to XRP alone—it included proposals for 10 leveraged crypto ETFs, covering assets like Chainlink (LINK), Polkadot (DOT), Solana (SOL), and even meme-inspired tokens such as TRUMP and MELANIA. Notably, this marks the first time ETF applications have been submitted in the U.S. for several non-Bitcoin and non-Ethereum assets.

Bloomberg ETF analyst James Seyffart commented on these filings, describing them as “a case of issuers testing the limits of what this SEC is going to allow.” He emphasized that while many of these proposals may not be approved immediately, they serve as strategic probes into regulatory tolerance.

The formation of the SEC Crypto Task Force adds another layer of significance. This newly established body is expected to guide policy decisions around DeFi, tokenization, and crypto asset regulation—including ETF approvals. Its upcoming roundtables on digital asset frameworks will likely influence whether spot or leveraged XRP ETFs receive green lights in 2025.

Current Market Sentiment and Prediction Platforms

Prediction markets are increasingly being used to gauge investor sentiment around regulatory outcomes. On Polymarket, one of the leading decentralized forecasting platforms, the probability of a spot XRP ETF approval in 2025 stands at 77%—a strong signal of market confidence.

Additionally, whispers about BlackRock’s potential interest in XRP have further fueled optimism. Though no official filings have been made, rumors of “big news” brewing behind the scenes have contributed to increased trading volume and price momentum.

👉 Stay ahead of the curve with real-time insights into emerging crypto trends and investment opportunities.

Key Factors Influencing XRP ETF Approval Odds

Several dynamics are shaping the likelihood of an XRP ETF approval:

Analysts now estimate the chances of a spot XRP ETF approval in 2025 at up to 85%, reflecting improved regulatory sentiment and strategic positioning by financial firms.

Frequently Asked Questions (FAQs)

Is BlackRock showing interest in XRP?
While BlackRock has not filed for an XRP-specific ETF yet, there are persistent rumors and market speculation indicating that the asset manager is exploring options beyond Bitcoin and Ethereum. Any official move by BlackRock could dramatically accelerate approval timelines for other crypto ETFs.

What role does the SEC Crypto Task Force play in ETF approvals?
The SEC Crypto Task Force is responsible for evaluating emerging crypto products, including leveraged and spot ETFs. It will assess compliance risks, market impact, and investor protection concerns—making it a key gatekeeper in determining which digital asset funds move forward.

Is Ripple trying to acquire Circle?
Yes, Ripple has formally submitted a bid to acquire Circle. This potential merger could lead to greater integration between stablecoins and blockchain payment networks, possibly boosting adoption for both USDC and XRP.

When is the proposed effective date for the Tuttle Capital XRP ETF?
According to SEC filings, the proposed effective date for Tuttle Capital’s 2x LONG XRP ETF is May 21, 2025—not May 7, as falsely reported.

Are leveraged crypto ETFs more likely to be approved than spot ETFs?
Not necessarily. Leveraged ETFs often face higher scrutiny due to their complexity and risk profile. Spot ETFs typically have a smoother path if sufficient market liquidity and custody solutions exist.

How can investors verify real crypto news vs. misinformation?
Always refer to primary sources such as SEC filings, official company statements, or trusted financial news outlets. Avoid relying solely on social media posts or unverified forums.

👉 Access verified data and expert analysis to make informed crypto investment decisions.

Conclusion

While excitement around an XRP ETF is justified, it’s essential to separate fact from fiction. No approval occurred on May 7, 2025—the earliest possible launch remains scheduled for May 21, pending SEC review. Meanwhile, Ripple’s aggressive expansion strategy, combined with rising institutional interest and evolving regulatory frameworks, continues to build momentum for XRP’s long-term growth.

As the crypto landscape matures, staying informed through reliable channels will remain critical for investors navigating this dynamic market.

Core Keywords: