XRP News Today: Grayscale Files S-1 for XRP Trust as SEC Delays ETF Decisions

Grayscale, a leading crypto asset manager, has submitted a new Form S-1 to the U.S. Securities and Exchange Commission (SEC) on August 22, 2025, for its Grayscale XRP Trust, marking another significant step toward potential approval of a spot XRP ETF [1]. This move follows the firm’s previous applications and reflects ongoing efforts to bring regulated XRP exposure to U.S. investors. The filing outlines the structure of the trust, including the mechanism for offering shares to the public should the SEC approve the product [1].

The filing was shared publicly by Abs Nassif, host of Good Morning Crypto, reinforcing the transparency and momentum behind the initiative [1]. Grayscale is not alone in this endeavor; multiple asset managers have filed amendments for spot XRP ETFs, including Fidelity, Franklin Templeton, VanEck, 21Shares, Bitwise, and others [3]. This collective effort highlights the growing institutional interest in XRP and the broader crypto ecosystem.

Recent regulatory developments have also set the stage for these filings. In July 2025, the SEC introduced updated disclosure requirements for digital asset funds, focusing on custody, valuation, and risk management. Shortly after, the agency approved in-kind creation and redemption mechanisms for crypto ETFs, which improve efficiency and market tracking [1]. These changes aim to enhance transparency and operational clarity for digital asset funds. However, the SEC’s recent decision to extend the review periods for multiple XRP ETF applications—pushing decisions into October—has added uncertainty to the timeline [4].

If approved, the Grayscale XRP Trust would offer investors a regulated, standardized way to gain exposure to XRP through brokerage platforms and retirement accounts [1]. This could significantly expand institutional and retail participation in the asset. The in-kind creation and redemption feature, now available for crypto ETFs, is expected to enhance liquidity and ensure that fund shares closely track the spot price of XRP [1]. Analysts note that these structural improvements could support broader adoption of XRP within traditional investment channels [5].

The delay in SEC decisions does not indicate a rejection of the proposals but reflects a more cautious review process. With several XRP ETF applications facing similar review extensions—such as the 21Shares Core XRP Trust, which now awaits a decision until October 19—regulators are likely assessing the operational, legal, and market implications of these products [1].

Grayscale’s filing has intensified the competitive landscape for XRP ETF approval, with firms racing to secure regulatory approval before the October deadline. The outcome could have far-reaching implications for XRP’s adoption, liquidity, and integration into mainstream finance. However, until the SEC makes a final decision, the future of these products remains uncertain.

Source:

[1] Times Tabloid (https://timestabloid.com/grayscale-takes-another-major-action-for-xrp/)

[2] Bitget (https://www.bitget.com/news/detail/12560604926374)

[3] Crypto News.net (https://cryptonews.net/news/altcoins/31485635/)

[4] Yahoo Finance (https://finance.yahoo.com/news/sec-just-announced-delays-xrp-183700230.html)

[5] FXEmpire (https://www.fxempire.com/forecasts/article/xrp-news-today-ripple-legal-endgame-meets-fresh-sec-etf-delays-btc-dips-to-112k-1543220)