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SEC XRP ETF Ruling Due as $1.44B 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 $1.44 billion in assets since their November 2025 launch. XRP is trading at approximately $1.40 today as markets position ahead of the ruling.
What This Means for Crypto Casino Players
XRP is one of the fastest deposit methods available at crypto casinos — transactions settle on the XRP Ledger in 3 to 5 seconds with fees of around $0.0002. For players who move funds frequently, those characteristics are practical regardless of what regulators decide tomorrow. What Friday's ruling could change is the price of XRP itself.
If the pending applications from Grayscale, WisdomTree, and Franklin Templeton are approved, analysts estimate that up to $8 billion in new institutional demand — from pension funds and IRAs that have been waiting for a broader product menu — could enter the XRP market. That demand would push XRP prices higher, meaning players who hold XRP balances at online casinos would see their purchasing power improve. US players currently using XRP for deposits can review the platforms that accept it on our best XRP casino guide for US 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 68-page ruling placed XRP in a list of 16 digital commodities and shifted regulatory oversight to the CFTC, removing the central legal uncertainty that had blocked institutional investment for years.
The first batch of spot XRP ETFs launched in November 2025 following a partial court ruling in Ripple's favour, drawing more than $1.44 billion in combined assets. Goldman Sachs disclosed a $153.8 million position spread across four of those funds in its Q4 2025 13F filing, the largest single institutional XRP ETF stake reported to date. Despite those inflows, XRP has pulled back sharply in 2026 — the token peaked near $1.60 earlier this week before retreating to around $1.40 today, weighed down by the same broad crypto selling pressure that has sent the Fear & Greed Index to extreme-fear territory.
Tomorrow's deadline covers the second tranche of applications, including Grayscale's plan to convert its $2.1 billion XRP Trust into a spot ETF — a conversion that would expand total product liquidity in a single regulatory action. Franklin Templeton is offering a 0.15% management fee on its pending product, below the expense ratios on most existing funds, signalling competitive pressure that benefits long-term ETF holders.
What to Watch
The SEC decision is expected before US market close on Friday, March 27. An approval would give institutional allocators — pension funds, IRAs, family offices — regulated access to XRP at scale, with analysts citing $2.00 as the first meaningful resistance level. A surprise delay, which would be unusual given the existing commodity classification and the seven ETFs already trading, would likely return XRP toward the $1.09 support zone. Players who hold or use XRP at online casinos should watch the announcement and verify that deposit facilities are active at their chosen platform. Current options are listed on our best crypto casino page for US players.