The war to introduce the first XRP exchange-traded funds (ETFs) to the market is intensifying. A recent report by Reuters reports the U.S. Securities and Exchange Commission (SEC) is nearing the finalization of its new rules for crypto-based ETFs. Analysts expect the first approvals under this updated framework could land in early October. According to Steven McClurg, founder of Canary Capital, firms have already submitted close to a dozen ETF applications and are preparing for what could be a wave of new crypto ETFs.