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- ๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Nov 04, 2025 04:22 UTC
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Ripple News: Grayscale Files New Amendment for XRP ETF Ahead of SEC Decision
Grayscale files Amendment No. 2 for its XRP Trust, moving closer to launching a spot XRP ETF on NYSE Arca under the ticker GXRP, pending SEC approval.
With XRPโs $170B market cap and rising institutional interest, Grayscaleโs updated filing signals progress toward the first U.S. spot XRP ETF approval.
Grayscale Investments has filed Amendment No. 2 to its registration statement for the Grayscale XRP Trust, marking another step toward launching a spot XRP exchange-traded fund (ETF) in the United States. The updated filing, submitted to the U.S. Securities and Exchange Commission (SEC) on November 3, 2025, provides new details about the fundโs structure, management, and operational plans.
Updated Filing and ETF Details
According to the submission, the trust aims to offer investors exposure to XRP through shares that track the digital assetโs market price. The trust is organized under Delaware law and plans to list on NYSE Arca under the ticker GXRP, pending regulatory approval.
The filing clarifies that the product will operate as a passive investment vehicle, meaning it will not seek to outperform XRPโs market performance. Instead, its goal is for each shareโs value to reflect the underlying XRP held by the trust, minus expenses and liabilities.
The fund will issue shares in blocks of 10,000, referred to as โBaskets,โ which authorized participants can create or redeem in exchange for XRP or cash. Coinbase Custody will serve as the custodian, while The Bank of New York Mellon will act as administrator and transfer agent.
XRPโs Market Position
As of October 30, 2025, XRP ranked as the fifth-largest cryptocurrency by market capitalization, valued at approximately $170 billion. The asset has shown significant price volatility over the past year, trading between $0.50 and $3.55, with an average price of $2.25. The 24-hour trading volume as of September 30, 2025, stood at roughly $2.9 billion.
The filing shows that XRPโs primary function remains transactional utility within the XRP Ledger, which enables fast, low-cost transfers. Unlike Bitcoin, XRP was pre-mined at launch, with 100 billion tokens created. Around 59.8 billion are currently in circulation.
Part of a Broader Institutional Push
The amendment comes amid growing institutional interest in altcoin-based ETFs, following the recent approval of Solana, Litecoin, and Hedera products. Market analysts view Grayscaleโs latest update as a sign that discussions between the firm and regulators may be progressing toward a final decision.
The SECโs review of the XRP ETF is expected to continue into late 2025, with a final determination anticipated before the end of the year.
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FAQs
The Grayscale XRP Trust is a proposed spot ETF that would let investors buy shares tracking XRP’s price, offering a regulated way to gain exposure to the cryptocurrency.
The SEC is reviewing the proposal, with a final decision expected by the end of 2025. The recent filing amendment is a positive step, but regulatory approval is not yet guaranteed.
It holds XRP directly. Each share you buy represents a portion of the trust’s XRP, designed to mirror its market performance, minus fees, making investing simple.
The trust plans to list on the NYSE Arca exchange under the ticker symbolย GXRP, pending final approval from the U.S. Securities and Exchange Commission.
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