XRP News Today: Grayscale Files S-1 for XRP ETF as Ripple Legal Dispute Ends

Grayscale Investments has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a Grayscale XRP Trust ETF, marking a significant step in the institutional adoption of the cryptocurrency. This move comes in the wake of the SEC’s dismissal of its multi-year lawsuit against Ripple, which had previously acted as a major regulatory barrier for XRP-based products. The filing highlights growing institutional interest in XRP and reflects increased confidence in the asset’s potential for regulatory clarity and market access [1].

The filing is not an isolated event. On the same day, six other asset management firms—including Bitwise, CoinShares, and WisdomTree—submitted amendments to their XRP ETF proposals, aligning them with recent SEC feedback. These updates suggest a coordinated effort to meet the regulator’s expectations, particularly in areas such as redemption mechanisms, which now offer both cash and XRP options [2]. The synchronized filing strategy indicates a strategic industry alignment to strengthen the case for XRP ETF approval.

This regulatory development follows a recent legal milestone for Ripple. On August 22, the Second Circuit Court of Appeals approved a joint stipulation of dismissal, effectively ending the company’s legal battle with the SEC. Legal experts view this as a final resolution to a protracted dispute that had cast a shadow over XRP’s status as a security. With this uncertainty lifted, the path for XRP-based investment vehicles appears clearer [3].

The market has already responded to these developments, with XRP’s price surging more than 10% in the immediate aftermath of the dismissal. The asset rose above $3.00, breaking through a key psychological level and demonstrating renewed investor confidence. Analysts suggest that the price movement reflects optimism about the potential for an approved XRP ETF, which could unlock access for institutional capital and drive further demand for the asset [4].

Grayscale’s filing represents a strategic expansion of its cryptocurrency product suite. The firm already holds approval for Bitcoin and Ethereum ETFs and is now seeking to enter the XRP market, where it aims to capture a larger share of institutional investors. This move aligns with industry trends, as other major ETF providers have similarly adjusted their applications in response to evolving SEC guidance [5].

The process for securing a spot XRP ETF remains rigorous. Firms must submit detailed information regarding custody structures, market surveillance mechanisms, and investor protections. The fact that multiple firms are now revising their proposals in unison suggests a collective effort to meet the regulator’s standards and build a compelling case for approval [6].

Bloomberg ETF analyst James Seyffart noted that the recent amendments and filings are a typical part of the approval process, particularly for cryptocurrency ETFs. He described the actions as largely expected but noted that they are a positive signal for the industry. Seyffart’s observation aligns with the approval timelines seen for Bitcoin and Ethereum ETFs earlier in 2024, reinforcing the potential for a similar outcome for XRP [7].

While the approval of a spot XRP ETF remains pending, the combined efforts of major asset managers and the resolution of Ripple’s legal dispute have improved the prospects for an XRP-based investment vehicle. If approved, the ETF could provide a new avenue for institutional and retail investors to gain exposure to XRP, further integrating the asset into traditional financial markets [8].

Source:

[1] Ripple Legal Win Prompts Grayscale's S-1 for XRP ETF

https://www.fxleaders.com/news/2025/08/24/ripple-legal-win-prompts-grayscales-s-1-for-xrp-etf/

[2] XRP News Today: Grayscale Files XRP Trust as Major ...

https://www.ainvest.com/news/xrp-news-today-grayscale-files-xrp-trust-major-firms-push-spot-etf-approval-2508/

[3] SEC Feedback Prompts XRP ETF Revisions From 4 Major ...

https://yellow.com/news/sec-feedback-prompts-xrp-etf-revisions-from-4-major-investment-firms

[4] XRP Price Jumps 10% as Six Firms Update Spot XRP ETF ...

https://coincentral.com/xrp-price-jumps-10-as-six-firms-update-spot-xrp-etf-proposals-with-sec/

[5] Grayscale Submits S-1 Registration for XRP ETF Offering

https://intellectia.ai/news/crypto/grayscale-files-s1-for-xrp-etf-product

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

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

[7] SEC Feedback Prompts XRP ETF Revisions From 4 Major ...

[8] Grayscale Files S-1 for Potential XRP ETF After Ripple ...

https://x.com/MackAttackXRP/status/19595150****8350808