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🏛 Will US SEC Approve Grayscale’s XRP ETF This Week?

XRP ETF Approval Anticipation Grows: SEC Decision Looms

The US SEC has increasingly sparked optimism with repeated acknowledgments of XRP exchange-traded funds. While this move highlights the agency’s shifting regulatory stance to crypto, the community expects an imminent approval of XRP’s investment product.

In a recent development, the SEC scheduled its next closed-door meeting on February 27, 2025 (Thursday). Notably, the regulator has directly highlighted the inclusion of discussions surrounding XRP ETF in the meeting. In particular, the SEC emphasized Cboe’s proposal to list and trade the XRP fund, stating,

"Cboe BZX Exchange, Inc. (“BZX” or “the Exchange”) is filing with the Securities and Exchange Commission a proposed rule change to list and trade shares of the Bitwise XRP ETF under BZX Rule 14.11 (e)(4), Commodity-Based Trust Shares."

📢 Eric Trump Urges Investors To Buy The Dip Amid Crypto Market Selloff

Eric Trump Encourages Investors to Buy the Dip

In a recent post on X, the son of U.S. President Donald Trump weighed in on the crypto market selloff, urging investors to “Buy the dips!” His message resonated with those who view corrections as a chance to accumulate Bitcoin at lower prices. Eric Trump’s statement sparked reactions across the crypto community, with some seeing it as a show of confidence in Bitcoin’s long-term potential.

Michael Saylor, Executive Chairman of Strategy, also responded to the crypto market decline. He referred to the price drop as a “Bitcoin sale,” hinting that his company may take advantage of the lower prices. Saylor has consistently supported Bitcoin and led Strategy to accumulate significant holdings over the years.

Reacting to Eric Trump’s tweet, the CEO of Strategy added,

“The best advice, volatility is a gift to the faithful.”

Despite optimism from some, skepticism remained among other financial experts. Gold advocate Peter Schiff dismissed the idea of buying the dip, warning that further declines could follow. Schiff has long criticized Bitcoin, arguing that it remains a speculative asset prone to severe price swings.