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SEC XRP ETF Ruling Due as £1.11B Flows In
Wall Street's final deadline for a second batch of spot XRP ETF applications falls tomorrow, 27 March, when the SEC must issue rulings for funds from Grayscale, WisdomTree, and Franklin Templeton. The first wave of seven products — launched in November 2025 — has accumulated £1.11 billion ($1.44 billion) in combined assets. Bloomberg analysts estimate approval odds at 95%, citing XRP's formal designation as a digital commodity less than two weeks ago. XRP is changing hands at approximately £1.08 today as the market awaits the verdict.
What This Means for Crypto Casino Players
XRP's core advantage for gambling is settlement speed: the XRP Ledger confirms transactions in three to five seconds with fees well below a penny. For players depositing and withdrawing regularly, those characteristics hold regardless of regulatory outcomes. The part of XRP's story that changes on Friday is its pound-denominated price.
Should the second ETF batch receive the green light, analysts project that up to £6.16 billion ($8 billion) in new institutional capital — from pension funds and retirement accounts that have been awaiting a wider product range — could move into XRP. Players holding XRP balances at online casinos would benefit directly from that revaluation. UK players exploring XRP as a deposit method can find current operator options on our best XRP casino guide for UK players. All featured operators hold international licences and are not regulated by the UK Gambling Commission.
The Road to Friday's Ruling
XRP's regulatory trajectory shifted decisively on 17 March, when the SEC and CFTC published a joint 68-page ruling designating XRP as a digital commodity alongside Bitcoin and Ethereum. The decision transferred day-to-day oversight to the CFTC and resolved a multi-year legal dispute between Ripple Labs and US securities regulators that had effectively locked institutional capital out of the XRP market since 2020.
The first tranche of spot XRP ETFs debuted in November 2025 off the back of an earlier partial court ruling, pulling in £1.11 billion in combined assets over four months. Goldman Sachs disclosed a $153.8 million stake spread across four of those products in its Q4 2025 filing — the largest single institutional position in XRP ETFs reported to date — evidence that significant demand was building even before the full commodity designation arrived.
Despite that institutional interest, XRP has retreated in 2026. The token touched £1.23 ($1.60) earlier this week before sellers pushed it back to today's £1.08 level, reflecting the same broad market pessimism that has depressed the Fear & Greed Index to its lowest reading in 16 months. Tomorrow's deadline now covers Grayscale's planned conversion of its $2.1 billion XRP Trust into a spot ETF, which would represent one of the largest single-product launches in the digital asset ETF space.
What to Watch
Friday's SEC announcement is the clearest near-term binary event for XRP. Approval would give large institutional allocators — pension schemes, family offices, and discretionary fund managers — regulated exposure at scale. Analysts cite £1.54 ($2.00) as the first meaningful resistance level on a positive outcome. A delay, unlikely given the commodity classification backdrop and the seven products already trading, would return XRP toward the £0.84 ($1.09) support zone. UK players holding XRP balances should be aware that sterling-denominated values will shift with both the dollar price of XRP and the GBP/USD rate simultaneously. Current platform options are listed on our best crypto casino page for UK players.