XRP News Today: SEC Approves Altcoin ETFs, Boosting Institutional Investment in Cryptocurrency

The U.S. cryptocurrency sector is poised for substantial growth as several

and (DOGE) exchange-traded funds (ETFs) are set to debut, highlighting increasing institutional interest in alternative coins. The Securities and Exchange Commission (SEC) has paved the way for these offerings, with 21Shares, Franklin Templeton, and Grayscale all obtaining the necessary regulatory green light to list their ETFs on leading exchanges. These advancements coincide with heightened trading activity and renewed investor enthusiasm.

The initial breakthrough occurred when

received automatic SEC clearance after the agency issued updated guidance during the government shutdown. The ETF, , is designed to follow the CME CF XRP-Dollar Reference Rate. will be responsible for safeguarding the ETF's assets, while . This approval came after following 21Shares' Form 8-A filing, streamlining the process compared to previous crypto ETF submissions.

with its Franklin XRP Trust, which , potentially speeding up its listing under BZX Rule 14.11(e)(4). The trust, , could be a significant step for institutions seeking regulated exposure to XRP without the risks of direct custody. that this setup avoids issues related to XRP Ledger forks or airdrops, making regulatory and operational processes more straightforward.

At the same time, has been authorized by the SEC for trading on NYSE Arca and features XRP as a major holding. The ETF allocates 85% of its assets to SEC-approved cryptocurrencies, with . This follows , which saw $250 million in inflows on its first day, demonstrating robust demand for XRP-related investment vehicles.

, is preparing to introduce its own XRP and ETFs on the New York Stock Exchange (NYSE), converting their current private trusts into publicly traded funds. , broaden Grayscale’s ETF offerings to now include , , , and additional altcoins. The new ETFs are to the digital asset space.

Dogecoin, the first

, is also seeing increased momentum. joins the product launched by REX Shares and Osprey Funds in September, making it the second Dogecoin ETF in the U.S. The cryptocurrency , as traders prepared for the first U.S. Dogecoin ETF (ticker: DOJE) set for September 12. and rising trading activity further highlight growing institutional involvement.

The SEC’s changing approach to crypto ETFs has played a crucial role.

without direct approval if they comply with strict requirements, making the process more efficient. This policy shift enabled the swift authorization of XRP and DOGE ETFs, toward more comprehensive oversight of the crypto industry.

Market responses have varied. While

up by 5% in the last day, —which have reached $1 billion recently—have sparked worries about increased volatility. that if outflows persist, Bitcoin could be pressured toward $82,000, though altcoin ETFs continue to drive sector growth.

The introduction of XRP and DOGE ETFs marks a turning point for the adoption of digital assets. By offering regulated ways to invest in altcoins, these funds could help bridge the gap between conventional finance and the crypto world, encouraging more institutional involvement and boosting confidence among retail investors.