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SEC XRP ETF Ruling Due as C$1.97B Flows In
The SEC faces its final decision deadline on a second batch of spot XRP ETF applications on March 27 — tomorrow — with Bloomberg analysts putting approval odds at 95%. Seven spot XRP ETFs are already live in the US, collectively holding more than C$1.97 billion ($1.44 billion) in assets since their November 2025 launch. XRP is trading at approximately C$1.92 today as markets position ahead of the ruling.
What This Means for Crypto Casino Players
XRP is one of the fastest deposit options available at crypto casinos — transactions settle in 3 to 5 seconds with fees of around C$0.0003. For Canadian players who fund accounts frequently, those characteristics are practical and consistent regardless of what regulators decide on Friday. What the ruling could change is the price of XRP itself.
If applications from Grayscale, WisdomTree, and Franklin Templeton are approved, analysts estimate that up to C$11 billion ($8 billion) in new institutional demand — from pension funds and registered retirement accounts that have been waiting for a broader product lineup — could enter the XRP market. That buying pressure would push XRP prices higher, meaning players holding XRP at online casinos would see their Canadian-dollar purchasing power improve. Canadian players currently using XRP for deposits can review platforms that accept it on our best XRP casino guide for Canadian players.
The XRP ETF Story So Far
XRP's path to full ETF approval accelerated when the SEC and CFTC jointly designated XRP as a digital commodity on March 17, alongside Bitcoin and Ethereum. The joint ruling resolved the central legal dispute between Ripple Labs and US securities regulators and shifted oversight to the CFTC, clearing the primary hurdle that had blocked institutional capital from XRP products for years.
The first batch of spot XRP ETFs launched in November 2025 following an earlier partial court ruling, attracting more than C$1.97 billion in combined assets. Goldman Sachs disclosed a $153.8 million (C$210 million) position spread across four of those funds in its Q4 2025 filing — the largest single institutional XRP ETF position reported to date. Despite that institutional interest, XRP has moved lower in 2026: the token peaked near C$2.19 earlier this week before retreating to today's C$1.92, pressed down by the same broad market selling that has kept the Fear & Greed Index deep in negative territory.
Tomorrow's deadline covers the second tranche of applications, including Grayscale's plan to convert its $2.1 billion XRP Trust into a tradeable ETF. Franklin Templeton is competing on fees, offering a 0.15% management expense ratio on its pending product — below the cost of most existing funds in the space.
What to Watch
The SEC decision is expected before US market close on Friday, March 27. An approval would open regulated XRP access to pension funds, RRSPs, and institutional allocators at scale, with analysts citing C$2.74 as the first meaningful resistance level on a positive outcome. A surprise delay would likely push XRP back toward the C$1.49 support zone. Canadian players who hold or use XRP at online casinos should watch the announcement and confirm that deposit facilities remain active at their chosen platform. Current options are listed on our best crypto casino page for Canadian players.