XRP News Today: SEC Withdrawal Could Open Door to XRP-Spot ETF Surge; BTC at $83k

XRP-Spot ETF Applications Accumulate

Market sentiment toward the US digital asset space has shifted significantly since President Trump’s 2025 election victory. One significant shift is the SEC’s enforcement approach, changing course under the new leadership.

The confirmation of crypto-friendly SEC Chair Paul Atins has given Republican Commissioners a 3-1 majority, likely paving the way for a formal withdrawal of the SEC’s appeal in the Ripple case. A withdrawal would end the challenge against the Programmatic Sales of XRP ruling, opening the door to a US XRP-spot ETF market.

On April 15, Proshares filed for XRP ETFs with the SEC, signaling growing interest in Ripple’s native token. Other issuers have also submitted XRP ETF filings, including Bitwise, Canary Funds, 21Shares, Grayscale, Coinshares, WisdomTree, FranklinTempleton, Volatility Shares, Hashdex, MemX, and Teucrium.

According to Kaiko Research, XRP leads all live crypto ETF applications:

Approval of an XRP-spot ETF could significantly increase institutional demand. The US BTC-spot ETF market illustrates the potential impact of a spot ETF market on supply-demand trends and price trajectory.

Since the launch on January 11, 2024 (BTC price: $46,742) through April 15, 2025, US BTC-spot ETF issuers have registered $35,462.8 million in net inflows. By April 15, 2025, BTC climbed to $83,702, having previously hit an all-time high of $109,312 on January 20, reflecting a 134% rally since launch.

However, ETF heavyweight BlackRock (BLK) has yet to file for an XRP ETF. BlackRock’s iShares Bitcoin Trust (IBIT) is largely responsible for the success of the US BTC-spot ETF market, with net inflows of $39,604 million since launch. A BlackRock application could significantly change the price outlook.

Outlook for XRP: Appeals and ETF Prospects

On Tuesday, April 15, XRP fell 2.02%, reversing Monday’s 0.38% gain to close at $2.0838. XRP continued tracking the broader crypto market, which dropped 1.32% to a total crypto market cap of $2.6 trillion.

While tariff developments continue influencing digital asset demand, XRP’s price outlook hinges on several factors:

• SEC vs. Ripple Court Filings/Rulings: A formal SEC withdrawal and final judgment settlement could send XRP toward its all-time high of $3.5505.
• XRP-Spot ETF Prospects: Approval of an XRP-spot ETF could attract institutional capital; delays may suppress price momentum.
• Macroeconomic risks: US-China trade tensions and Fed policy shifts could weigh on prices, with a downside risk of $1.70. Conversely, improved data or further tariff relief may support a move toward $3.00.

See our full XRP forecast here.

Bitcoin Trips Amid US Tariff Uncertainty

XRP’s losses coincided with the broader crypto market and bitcoin (BTC), which also trended lower on April 15. Tariff uncertainties remained a headwind amid fears of US levies driving inflation higher and impacting private consumption. Weaker private consumption, higher inflation, and a more hawkish Fed rate path could trigger a US recession, adversely impacting demand for risk assets, including BTC.

Julian Moreno, Head of Research at CryptoQuant.com, noted:

“CryptoQuant’s Bull Score Index has been Off (below 50) for 58 of the last 60 days, a condition historically associated with negative price trends. Similar patterns occurred in July 2021, January 2022, and June 2022, when the Index stayed below 50 for 60 consecutive days during periods of sharp market declines.”

US BTC-Spot ETF Market Ends Net Outflow Streak

Concerns about the US economy recently drove outflows from US BTC-spot ETFs. However, President Trump’s latest tariff policy pivot helped improve investor sentiment.

The US BTC-spot ETF market ended a seven-day outflow streak on April 14, with net inflows of $1.5 million. On April 15, additional inflows appeared likely. Farside Investors reported:

• ARK 21Shares Bitcoin ETF (ARKB) had net inflows of $13.4 million.
• Bitwise Bitcoin ETF (BITB) reported net inflows of $11.0 million.
• Grayscale Bitcoin Mini Trust (BTC) had net inflows of $8.9 million.

Excluding BlackRock’s (BLK) pending iShares Bitcoin Trust (IBIT) data, total US BTC-spot ETF inflows reached $38.2 million.

BTC Price Outlook: Bearish vs. Bullish Scenarios

On April 15, BTC fell 1.09%, reversing Monday’s 1.01% gain, closing at $83,702. Despite the pullback, BTC avoided sub-$80,000 for the fourth consecutive session.

Key near-term price drivers include:

• Bearish Scenario: Rising geopolitical tensions, weak US retail sales, recession fears, hawkish Fed tone, spot ETF outflows, and legislative delays could send BTC toward $75,000.
• Bullish Scenario: Easing trade tensions, upbeat US retail sales data, dovish Fed signals, bipartisan support for the Bitcoin Act, and ETF inflows may lift BTC toward $90,000.

Market Outlook: Themes to Watch

Investor focus remains fixed on the Ripple case, US-China trade policy, retail sales trends, Fed commentary, crypto ETF flows, and the Bitcoin Act. While recent SEC filings offer short-term clarity, the long-term crypto outlook hinges on regulatory decisions and macroeconomic stability.

Explore what analysts believe is needed for cryptos to reach new highs.