XRP News Today: Seven Major Asset Managers Amend XRP ETF Filings Ahead of SEC Decision

Seven major asset managers have submitted amendments to their XRP-based exchange-traded fund (ETF) applications, signaling renewed momentum in the push for U.S. regulatory approval of a spot XRP ETF. The firms include Bitwise, Canary Capital, CoinShares, Franklin Templeton, 21Shares, and WisdomTree, with Grayscale also filing an updated application for its Grayscale XRP Trust [1]. These filings were made in late August 2025, following the U.S. Securities and Exchange Commission’s (SEC) dismissal of its case against Ripple Labs and the subsequent closure of the legal dispute by the Second Circuit Court of Appeals [1].

The amendments reflect a strategic response to regulatory feedback and incorporate structural changes that align with the models of approved Bitcoin and Ethereum ETFs. Key updates include provisions for both in-kind and cash-based creations and redemptions, enhanced custody arrangements for XRP storage, and improved market surveillance mechanisms [2]. These adjustments are seen as an effort to address historical SEC concerns around custody, liquidity, and investor protection, which have previously delayed crypto ETF approvals [2].

The coordinated filings highlight growing institutional confidence in XRP’s regulatory trajectory. With the SEC expected to deliver key rulings on XRP ETF proposals between October 18 and 23, 2025, the industry is watching closely for signs of approval [2]. Analysts, including Nate Geraci of ETF Store and James Seyffart of Bloomberg Intelligence, have described the timing of the amendments as a strong indication that the asset managers are aligning their strategies with the evolving legal landscape [1]. Seyffart noted that the move was “almost certainly due to feedback from the SEC” and that while it was a positive sign, the outcome largely matched expectations given the recent legal clarity [1].

Grayscale’s fresh application for the Grayscale XRP Trust further reinforces the momentum behind the product. As the largest digital asset manager in the world, Grayscale has previously led the transition of its Bitcoin Trust into a regulated ETF and is now seeking to replicate that success with XRP [2]. This move is interpreted as a signal of institutional demand for a regulated vehicle to gain exposure to XRP, particularly among investors who may be hesitant to hold the token directly [1].

The potential approval of an XRP ETF would mark a significant milestone for the asset, providing a new and accessible investment channel for both institutional and retail investors. Analysts suggest that such a product could attract substantial inflows, potentially reshaping XRP’s market dynamics [1]. Bloomberg Intelligence has estimated the likelihood of approval at nearly 95%, with a decision expected in late October 2025 [1]. JPMorgan analysts have speculated that a successful launch could attract up to $8 billion in inflows during the first year [1].

The amendments and increased activity reflect a pivotal moment in XRP’s regulatory journey. While the SEC’s final decision remains uncertain, the coordinated actions of asset managers demonstrate a clear belief in XRP’s potential for mainstream adoption. The outcome of the October 2025 decision will determine whether these efforts translate into a new investment paradigm for XRP on U.S. markets [2].

Source: [1] Cluster amended XRP ETF filings roll in as Ripple seals ... (https://www.dlnews.com/articles/markets/cluster-amended-xrp-etf-filings-roll-in-ripple-sec-dismissal/)

[2] Six Asset Managers Just Filed Amendments for Their XRP ETFs (https://timestabloid.com/six-asset-managers-just-filed-amendments-for-their-xrp-etfs/)