The push for a spot XRP ETF has gained momentum as seven major asset managers, including Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree, submitted updated S-1 filings with the U.S. Securities and Exchange Commission (SEC) on Friday.
This cluster of filings highlights the growing interest among financial institutions in meeting investor demand for XRP-based exchange-traded products.
Fox journalist Eleanor Terrett noted that these filings came right after the SEC gave feedback to issuers, and with the October decision deadline fast approaching, the timing couldn’t be more critical. Bloomberg ETF analyst James Seyffart also weighed in, saying the filings almost certainly reflect direct responses to SEC comments.
Importantly, the updated proposals now allow for more flexibility in how shares of the ETF can be created or redeemed, whether in XRP, cash, or both, making them more in line with what regulators want to see.
Nate Geraci, president of NovaDius Wealth and a well-known ETF expert, described the cluster of filings as “highly notable.” For him, the fact that multiple asset managers moved together shows a united front, which could make it harder for regulators to keep delaying. While there’s still no guarantee the SEC will approve a spot XRP ETF anytime soon, analysts agree this kind of coordinated action strengthens the case.
Interestingly, the world’s largest asset manager, BlackRock, has stayed on the sidelines. Despite leading the charge in Bitcoin and Ethereum ETFs, BlackRock confirmed earlier this month that it has no current plans for an XRP product. That leaves the door wide open for these other issuers to capture the first wave of investor demand if the SEC finally gives the green light.
The news arrived during a wider market rally, with XRP jumping 7% on Friday to $3.08. The price surge reflects renewed optimism among traders who see the filings as a step closer to mainstream adoption. If momentum continues, institutional backing through ETFs could become a major driver for XRP’s growth in the months ahead.
The SEC’s deadline for decisions on these XRP ETF filings is expected in October.
Analysts say coordinated filings strengthen the case, but SEC approval is not guaranteed yet.
Spot XRP ETFs could offer regulated exposure, easier access, and boost liquidity in XRP markets.
October marks the SEC’s decision window, making it a critical month for possible XRP ETF approval.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
BTC price fell sharply to $74,500 over the weekend following a sudden escalation in geopolitical…
The crypto market has turned green over the last 24 hours, offering some relief after…
Ripple has received full approval for an Electronic Money Institution (EMI) license in the European…
HBAR price is trading near $0.09418 as bearish pressure continues across the broader altcoin market.…
Bitcoin is showing early signs of stabilising after bouncing from its recent April low, but…
The crypto market has been under heavy selling pressure over the past few days, with…
