XRP News Today: Grayscale Files XRP ETF Proposal as SEC Delays Decision to October 2025

Grayscale Investments has submitted a proposal for a spot XRP Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC), joining six other asset managers in pursuing regulatory approval for XRP-based investment vehicles [2]. The filing was made in the wake of the resolution of the SEC v. Ripple case, a legal battle that had long cast uncertainty over the token’s regulatory status [2]. The move by Grayscale is seen as a strategic step toward integrating XRP into traditional financial markets, offering investors a regulated means of exposure to the asset [2].

The proposed ETF is structured around Grayscale’s XRP Trust, a reconstituted vehicle that allows investors to gain indirect exposure to XRP without holding the token directly [4]. This trust was restructured following a 2020 SEC complaint against XRP, which led to the dissolution of the original trust [9]. Grayscale’s updated documentation includes provisions for in-kind creation and redemption processes, a feature that could enhance liquidity and operational efficiency for market participants [4].

The SEC has yet to respond to the filing but has pushed back the decision deadlines for several XRP ETF applications. Grayscale’s application is now expected to be resolved by October 18, 2025, while 21Shares and others face similar extended deadlines in late October 2025 [1][5]. These delays do not represent formal rejections but reflect the agency’s ongoing evaluation of the regulatory risks and market implications associated with spot crypto ETFs [1].

Market reactions to the news have been positive. XRP’s price surged by between 5.8% and 10% shortly after the filings, indicating strong investor optimism about the potential approval of XRP-based ETFs [2]. Analysts suggest that, if approved, the ETF could drive significant institutional inflows, with forecasts estimating potential inflows of $5–8 billion [2]. This projection is based on historical trends observed during the approvals of Bitcoin and Ethereum ETFs, which saw substantial capital movements [2].

The outcome of the SEC’s review will play a pivotal role in shaping XRP’s future and the broader cryptocurrency market. An approval would mark a major milestone in the token’s journey toward institutional acceptance and could set a precedent for the regulation of other crypto assets [2]. A rejection, on the other hand, might slow the momentum of XRP ETFs and introduce further uncertainty for the sector [2]. The result will also influence the regulatory landscape for spot crypto ETFs more broadly, potentially affecting future applications and investor confidence in the market.

The industry-wide interest in XRP ETFs reflects a growing consensus that institutional-grade exposure to crypto assets is a critical step for mainstream adoption. Grayscale’s entry into this space underscores the firm’s long-term strategy to bridge the gap between digital assets and traditional finance [4]. The broader implications of this development extend beyond XRP, touching on regulatory clarity, technological integration, and the evolving relationship between crypto and traditional markets [2].