XRP News Today: Grayscale Files XRP ETF Proposal Amid Industry Trend and Post-Ripple Legal Shift

Grayscale Investments has submitted a Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposed XRP-based Exchange-Traded Fund (ETF), according to regulatory filings and industry reports [1][2]. This move aligns with a broader industry trend, as multiple asset managers—including Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree—have also submitted amendments to their XRP ETF proposals [3]. These filings reflect a strategic response to evolving regulatory expectations and a shared goal of obtaining SEC approval for XRP-based investment vehicles [4].

The Grayscale XRP Trust, if approved, would be structured to directly track the price of XRP and would operate with mechanisms allowing for the creation and redemption of shares in either cash or the underlying asset [4]. The fund is expected to be listed on NYSE Arca, though the 19b-4 Application required for the listing has not yet been finalized by the SEC [6]. The timing of the filing is significant, as it follows the dismissal of the SEC vs. Ripple case in late July 2025 after a four-year legal battle over $1.3 billion in XRP sales [7]. The ruling by the Second Circuit Court has been seen as a pivotal moment, potentially clearing the path for broader institutional adoption of XRP and related financial products [7].

Industry analysts note that the structure of the proposed ETFs includes more flexible redemption models, suggesting an attempt to address previous regulatory concerns around liquidity and governance of crypto-based funds [4]. The increased number of XRP ETF filings indicates a growing level of institutional confidence in the token and its potential for mainstream adoption. Grayscale CEO Michael Sonnenshein emphasized the firm’s commitment to providing investors with access to XRP through regulated products that meet the highest standards of compliance [8].

Market reaction has been positive, with XRP prices rising by 5.8% within 24 hours of the filing. Analysts suggest that a successful approval could lead to a substantial influx of capital into XRP markets, with one analyst estimating potential inflows of $5–$8 billion [1]. This level of institutional interest could mirror the success seen with BTC and ETH ETFs and drive broader adoption of crypto assets within traditional financial systems [4].

The outcome of these filings could set a regulatory precedent for future spot crypto ETF approvals. As firms continue to refine their proposals and engage with regulators, the approval of a Grayscale XRP ETF would represent a major milestone in the integration of XRP into mainstream investment portfolios [1]. However, the final decision remains subject to the SEC’s evaluation and broader market dynamics.

Source: [1] "Very good sign": Grayscale, Bitwise, and more file amendments for spot XRP ETF proposals (https://www.theblock.co/post/368019/very-good-sign-grayscale-bitwise-and-more-file-amendments-for-spot-xrp-etf-proposals)

[2] Six asset managers file amendments for spot XRP ETFs as crypto continues to gain traction (https://cryptobriefing.com/xrp-etf-filings-grayscale-eth-ath/)

[3] Wu Blockchain (https://x.com/WuBlockchain/status/1959069519017886136)

[4] Financial Firms Update Spot XRP ETF Proposals Amid Regulatory Scrutiny (https://www.binance.com/en/square/post/28683382560081)

[5] Form S-1 Grayscale XRP Trust (https://www.streetinsider.com/SEC+Filings/Form+S-1+Grayscale+XRP+Trust/25242005.html)

[6] XRP ETF: Grayscale's Bold Move Could Transform Crypto Landscape (https://bitcoinworld.co.in/xrp-etf-grayscale-filing/)

[7] U.S. Appeals Court Approves Dismissal of XRP Lawsuit (https://coingape.com/u-s-appeals-court-approves-dismissal-of-xrp-lawsuit/)

[8] SEC vs Ripple Caso Oficialmente Resuelto, Grayscale S-1... (https://www.instagram.com/p/DNrEv5p2Drg/)