XRP News Today: Grayscale and 6 Firms Amend XRP ETF Filings to Align with SEC Feedback

Grayscale and a group of major asset managers have filed updated amendments to their proposed XRP spot ETFs with the U.S. Securities and Exchange Commission (SEC). The amended S-1 filings, submitted by Grayscale, Bitwise, Franklin Templeton, CoinShares, 21Shares, Canary, and WisdomTree, include adjustments to the creation and redemption structures, offering both cash and XRP-based options. This move is seen as an attempt to align with potential regulatory feedback and improve the efficiency and legitimacy of the product [1][2][3][4].

The filings follow a favorable court settlement for Ripple and reflect a broader industry push to integrate XRP into traditional investment frameworks. This coordinated effort by multiple firms indicates strong institutional demand and a commitment to navigating the evolving regulatory landscape. Analysts have noted that the amendments suggest the SEC may be signaling a more open stance to crypto ETFs, especially with recent legal developments reshaping the environment [5][6][7].

Market reactions to the filings have been positive. XRP experienced a price increase of around 10% following the announcements, with traders anticipating potential institutional inflows. Analysts estimate that if approved, the ETFs could attract between $5 and $8 billion in capital, significantly enhancing XRP’s market presence and legitimacy in the U.S. Such inflows could also set a precedent for other cryptocurrencies, potentially accelerating broader regulatory acceptance [8].

Despite the optimism, the SEC has extended its review timeline, pushing final approval decisions to October 2025. This delay has introduced short-term volatility, with XRP prices fluctuating in response to regulatory uncertainty. However, long-term sentiment remains cautiously optimistic, supported by historical trends seen in Bitcoin and Ethereum ETF approvals. Market observers suggest that an XRP ETF approval could provide a clear pathway for institutional adoption and greater mainstream acceptance of digital assets [9].

Technical analysis indicates that XRP remains in a critical phase of its price movement. The asset is currently trading near $3.02, having bounced from a support level at $2.90. The narrowing Bollinger Bands suggest a period of compressed volatility, often preceding a breakout. Immediate resistance is at $3.09, with key levels at $3.34 and $3.50 potentially acting as triggers for further gains. Conversely, a breakdown below $2.85 could lead to further price corrections, challenging the current ETF-driven bullish narrative [10].

The filing amendments highlight the growing momentum behind XRP as an institutional-grade asset. While regulatory approval remains pending, the filings have already influenced investor sentiment and underscored the increasing integration of XRP into conventional financial systems. The coming months will be crucial, as the SEC’s response will determine whether the current momentum translates into long-term institutional adoption and market stability [1].

Source:

[1] Six asset managers file amendments for spot XRP ETFs as ...

(https://cryptobriefing.com/xrp-etf-filings-grayscale-eth-ath/)

[2] XRP ETF News: XRP Traders Eye SEC Decision as Grayscale, Bitwise, and Canary Capital Amend Spot ETF Filings

(https://bravenewcoin.com/insights/xrp-etf-news-xrp-traders-eye-sec-decision-as-grayscale-bitwise-and-canary-capital-amend-spot-etf-filings)

[3] XRP News Today: ETF Filing Surge Hints at SEC's Shifting ...

(https://www.ainvest.com/news/xrp-news-today-etf-filing-surge-hints-sec-shifting-stance-xrp-2508/)

[4] XRP News Today: Seven Firms Revise XRP ETF Filings ...

(https://www.ainvest.com/news/xrp-news-today-firms-revise-xrp-etf-filings-sec-delays-legal-shifts-2508/)

[5] Grayscale, Bitwise Among Firms Updating Filings for Spot ...

(https://cryptonews.com/news/grayscale-bitwise-among-firms-updating-filings-for-spot-xrp-etfs/)

[6] Canary Capital files updated S-1 for XRP spot ETF

(https://www.cryptopolitan.com/canary-capital-updates-xrp-etf-filing/)

[7] Major Players Adjust Filings For XRP Spot ETF

(https://www.cointribune.com/en/major-players-adjust-filings-for-xrp-spot-etf/)

[8] “Good Sign” as Top Asset Managers Update XRP ETF ...

(https://thecryptobasic.com/2025/08/23/good-sign-as-top-asset-managers-update-xrp-etf-applications-after-court-ends-ripple-case/)

[9] Grayscale and Bitwise Submit Changes to XRP ETF ...

(https://intellectia.ai/news/crypto/grayscale-and-bitwise-file-amendments-for-xrp-etf-plans)

[10] XRP Set for Explosive Move After ETF Updates?

(https://cryptoticker.io/en/xrp-set-for-explosive-move-after-etf-updates/)