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Hopes for an XRP exchange-traded fund (ETF) took a sharp blow this week after U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw cast yet another dissenting vote against a crypto ETF proposal. The odds of XRP ETF approval, once riding high, have now fallen significantly as Crenshaw doubles down on her opposition and the entire crypto ETF market feels the pressure.
Crenshaw’s Vote Sends XRP ETF Hopes Crashing
The mood around the XRP ETF has shifted dramatically in recent days. After months of optimism, especially following the launch of the ProShares Ultra XRP ETF (UXRP) on NYSE Arca in July 2025, many believed this momentum would help Ripple secure approval
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