XRP News Today: Seven Asset Managers Revise XRP ETF Filings to Align with SEC Feedback XRP Surges 7% as Market Reacts Positively

Seven asset managers, including Grayscale and Bitwise, have submitted revised S-1 filings for XRP spot ETFs following feedback from the U.S. Securities and Exchange Commission (SEC) [1]. The changes, which allow for creation and redemption in either XRP or cash, reflect a strategy to align with the structures that previously supported Bitcoin spot ETF approvals, aiming to reduce regulatory friction and improve compliance with SEC expectations [1]. This move has been interpreted by analysts as a sign of institutional alignment and a step toward regulatory acceptance of XRP-based investment products [1].

The revisions appear to address SEC concerns regarding the fund’s operational mechanics, custody arrangements, and surveillance-sharing protocols—key areas where prior spot crypto ETF proposals faced scrutiny. By mirroring the successful framework used for Bitcoin ETFs, the asset managers aim to demonstrate a clear and viable compliance model [1]. The SEC’s engagement with the filings suggests a possible pathway to approval, particularly in light of the broader regulatory environment and growing institutional interest in digital assets [1].

The market response to the news was swift and positive. XRP surged more than 7% following the announcement, according to CoinMarketCap data, with 24-hour trading volume jumping 121.12% to $10.69 billion [1]. The token’s price climbed to $3.04, with a market capitalization of $181.11 billion, reflecting increased investor confidence and heightened liquidity [1]. Short-term trading activity also saw a notable uptick, indicating strong market-maker participation and institutional interest [1].

Analysts have offered cautious optimism regarding the approval prospects. James Seyffart, a noted ETF analyst, stated the revisions were “almost certainly due to feedback from the SEC,” reinforcing the idea that the asset managers are actively responding to regulatory concerns [1]. Nate Geraci of NovaDius Wealth similarly described the changes as a “very good sign,” suggesting the amendments are bringing the proposals closer to SEC compatibility [1].

The timing of the revisions also comes after the Ripple-SEC legal dispute was officially dismissed on August 22, 2025 [1]. This resolution, following the dismissal of all appeals by the Second Circuit Court, may have removed a significant obstacle for asset managers seeking to introduce XRP-based products in the U.S. While the SEC has not yet provided a definitive timeline for its decision, industry observers have cited October 2025 as a potential milestone, provided no additional material issues arise [1].

The SEC’s cautious approach to spot crypto ETFs remains a key factor in the approval process. The agency has historically raised concerns over market manipulation, investor protection, and market structure, particularly for assets like XRP that have faced regulatory scrutiny. However, the institutional alignment demonstrated by the seven asset managers—through updated custody, redemption, and surveillance-sharing terms—shows a proactive effort to mitigate these concerns [1].

As the regulatory landscape continues to evolve, with recent legislative developments such as the GENIUS Act signaling a more accommodating stance toward digital assets, the XRP spot ETF revisions highlight a growing institutional interest in the token. If approved, the ETF could open new avenues for retail and institutional investors seeking exposure to XRP while adhering to established regulatory standards [1].

Source:

[1] Seven Asset Managers Revise XRP Spot ETF Filings After SEC Feedback, Move Could Signal Progress Toward Approval (https://en.coinotag.com/seven-asset-managers-revise-xrp-spot-etf-filings-after-sec-feedback-move-could-signal-progress-toward-approval/)