The US SEC needs to make a decision on the applications of five XRP ETFs, including Grayscale, by mid October. JPMorgan predicts that there may be an inflow of $8 billion in the first year

According to DL News, the US Securities and Exchange Commission (SEC) is reviewing five XRP ETF applications submitted by 21Shares, Grayscale, CoinShares, WisdomTree, and Canary Capital, and must make a decision on these applications by mid October of this year. Due to Trump's previous announcement or inclusion of XRP in the US crypto strategic reserve, Jonathan de Wet, Chief Investment Officer of cryptocurrency trading company Zerocap, believes that this move will help address some key regulatory issues and enhance the feasibility of XRP ETF approval. Morgan Stanley analysts predict that XRP ETFs may attract $8 billion in investment inflows in the first year.