XRP News Today: Seven Firms Revise XRP ETF Filings Amid SEC Delays and Legal Shifts

Seven firms—including Grayscale, Bitwise, Franklin Templeton, CoinShares, 21Shares, Canary, and WisdomTree—have submitted revised filings for XRP spot ETFs to the U.S. Securities and Exchange Commission (SEC). These updated applications reflect adjustments made in response to regulatory feedback, aiming to align with evolving legal standards for digital assets [1]. The move comes in the wake of Ripple Labs’ recent court victory over the SEC, a development seen as a turning point in the ongoing debate over whether XRP should be classified as a security [4].

The revisions include changes to fund creation and redemption processes, allowing for either XRP or cash in creation and either cash or in-kind redemptions. This mirrors the structure successfully used for Bitcoin spot ETFs approved in early 2024, suggesting a strategic alignment with regulatory expectations [2]. Analysts such as James Seyffart from Bloomberg have described the filings as “almost certainly due to feedback from SEC,” calling it a “good sign,” though noting that the outcome remains uncertain [5]. Nate Geraci of NovaDius Wealth also views the amendments as a “very good sign” for the approval trajectory of XRP ETFs [6].

The timing of the filings—concentrated around mid-August—indicates a coordinated effort by major asset managers to accelerate the approval process and meet growing investor demand for diversified crypto exposure. XRP’s price has responded positively, rising to $3.08 following the news [3]. The token’s market cap stands at $181.11 billion, with a 24-hour trading volume surging by 121.12% to $10.69 billion [7]. Over the past 60 days, XRP has appreciated by 39.11%, and its daily increase has reached 6.55%, according to CoinMarketCap [8].

The SEC has extended decision deadlines for several of these ETF applications, including those from 21Shares and CoinShares, to October 19 and 23, 2025, respectively. This delay underscores the commission’s cautious approach in evaluating digital asset products, particularly given the ongoing legal uncertainties surrounding tokens like XRP and the precedents set by recent Bitcoin and Ethereum ETF approvals [9]. The extended timeline also highlights the SEC’s broader challenge of balancing innovation with investor protection [10].

Despite regulatory delays, the filing activity signals growing institutional confidence in XRP as an investable asset. Firms like Grayscale and Bitwise, which have long been active in the crypto space, are reinforcing the legitimacy of XRP through their updated proposals. The inclusion of updated legal arguments, market analysis, and risk disclosures suggests a comprehensive effort to address the SEC’s concerns about investor safeguards and market integrity [11].

The push for XRP ETFs is part of a broader movement toward the integration of digital assets into traditional investment portfolios. Following the successful launch of Bitcoin and Ethereum ETFs, asset managers are now seeking to expand their offerings to include other prominent tokens. XRP, with its established market presence and recent legal developments, has emerged as one of the most frequently cited candidates for approval [12].

Analysts remain cautiously optimistic, with some estimating a 95% chance that the SEC will approve XRP ETFs by October 2025 [2]. While regulatory hurdles persist, the increasing number of firms revising their applications and the positive market reaction suggest that XRP is moving closer to becoming a regulated investment vehicle in the U.S. The outcome of these filings could have significant implications for the XRP market, including increased liquidity, institutional participation, and enhanced market confidence [13].

Sources:

[1] title1: '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/)

[2] title2: XRP ETF Filings Surge as Seven Asset Managers Press ... (https://coinpedia.org/news/xrp-etf-filings-surge-as-seven-asset-managers-press-sec-for-approval/)

[3] title3: Major Players Adjust Filings For XRP Spot ETF (https://www.cointribune.com/en/major-players-adjust-filings-for-xrp-spot-etf/)

[4] title4: 'Very good sign': Grayscale, Bitwise, and more file ... (https://www.theblock.co/post/368019/very-good-sign-grayscale-bitwise-and-more-file-amendments-for-spot-xrp-etf-proposals)

[5] title5: Grayscale, Bitwise Among Firms Updating Filings for Spot ... (https://cryptonews.com/news/grayscale-bitwise-among-firms-updating-filings-for-spot-xrp-etfs/)

[6] title6: Market Expert Shakes Off SEC's Delay Of XRP ETFs, Gives ... (https://bitcoinist.com/sec-delay-xrp-etfs-approval/)

[7] title7: The SEC delays making a decision on five different XRP ... (http://www.msn.com/en-us/money/markets/the-sec-delays-making-a-decision-on-five-different-xrp-etf-proposals/ar-AA1KLiTV?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&ocid=finance-verthp-feeds&renderwebcomponents=1&wcseo=1)

[8] title8: SEC Prolongs XRP ETF Deliberations Amid Regulatory ... (https://www.ainvest.com/news/xrp-news-today-sec-prolongs-xrp-etf-deliberations-regulatory-caution-2508/)

[9] title9: Ripple Legal Endgame Meets Fresh SEC ETF Delays; BTC ... (https://www.fxempire.com/forecasts/article/xrp-news-today-ripple-legal-endgame-meets-fresh-sec-etf-delays-btc-dips-to-112k-1543220)