XRP News Today: Seven ETF Firms Rewrite the Rules to Win SEC Approval for XRP

Seven major ETF providers have submitted revised applications for spot XRP exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC), signaling continued progress in the regulatory review process. These updated filings, submitted on August 22, 2025, include amendments addressing issues such as the redemption mechanics of trust shares. Bitwise, for instance, introduced an option to redeem in cash, a move that mirrors adjustments made during the approval process for Bitcoin ETFs. Analysts view these amendments as a direct response to SEC feedback and as an indication of ongoing communication between regulators and applicants [1].

Among the firms that submitted revised applications are Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree. The filings reflect a strategic effort by these firms to position themselves in the growing cryptocurrency ETF market, with a focus on XRP. The timing of the filings—just hours after a federal appeals court dismissed the SEC’s case against Ripple Labs—was highlighted by ETF Store president Nate Geraci as a significant development. He described the synchronized nature of the filings as a “very good sign” for the prospects of XRP ETFs [3].

The SEC has set a mid-October 2025 deadline for decisions on most spot XRP ETF applications, aligning with expectations from market analysts. Bloomberg Intelligence analyst James Seyffarth previously predicted that approvals would not come before Q4 2025 and now sees the process as advancing as expected. Kaiko Research analysts believe the XRP ETF could be the first altcoin ETF to receive approval, potentially outpacing other altcoin ETF proposals. This potential approval could mark a milestone in the mainstream adoption of altcoins beyond Bitcoin and Ethereum [1].

According to JPMorgan, the introduction of spot XRP ETFs could trigger up to $8 billion in inflows during their first year of trading. This forecast, however, is based on market conditions and does not represent an official SEC endorsement. The recent movement in XRP prices, including a rise of over 6% following Federal Reserve Chair Jerome Powell’s comments on looser monetary policy at the Jackson Hole symposium, has also drawn attention from investors considering the timing of ETF approvals [3].

The broader cryptocurrency market has also seen recent gains, with Bitcoin rising 2.4% and Ethereum up 9.4% over the past 24 hours. Market analysts suggest that regulatory clarity and policy support from the Trump administration and SEC Chair Gary Gensler’s successor, Paul Atkins, are key factors that could influence the decision. While inflationary pressures and the Federal Reserve’s interest rate trajectory remain concerns, the regulatory environment appears to be shifting in favor of crypto inclusion in publicly traded funds [2].

Source:

[1] XRP ETFs May Be First to Win SEC Approval (https://coinpaper.com/10679/xrp-et-fs-near-approval-sec-dialogue-sparks-optimism)

[2] 1 Reason Why Now Is the Time to Buy XRP - Yahoo Finance (https://finance.yahoo.com/news/1-reason-why-now-time-143100256.html)

[3] 'Cluster' of amended XRP ETF filings roll in as Ripple seals ... (https://www.dlnews.com/articles/markets/cluster-amended-xrp-etf-filings-roll-in-ripple-sec-dismissal/)