XRP News Today: Seven Major Firms Revise XRP ETF Proposals Amid Regulatory Shift

Seven major ETF providers have submitted revised applications for spot XRP exchange-traded funds (ETFs), indicating the U.S. Securities and Exchange Commission (SEC) is actively engaging with applicants. The updated filings, submitted on August 22, 2025, include structural changes such as the inclusion of cash redemption options, addressing one of the SEC’s key concerns [3]. This development marks a shift in regulatory tone, with analysts like James Seyffarth of Bloomberg Intelligence noting that the SEC's direct communication with applicants is a positive sign in the approval process [1].

The firms submitting revised applications include Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree. These companies are positioning themselves to lead in the emerging altcoin ETF space by focusing on XRP. Bitwise's filing, in particular, reflects a response to the SEC's request for more clarity on how shares in the fund will be created and redeemed. The inclusion of cash redemption options mirrors a similar issue faced during the approval of Bitcoin ETFs [3].

The SEC has set a mid-October 2025 deadline for most XRP ETF applications, aligning with Seyffarth’s earlier projection that approvals would not occur before the fourth quarter. Analysts at Kaiko Research believe the XRP ETF may be the first altcoin ETF to receive approval, potentially surpassing other competing proposals [3]. Nate Geraci, CEO of The ETF Store, supports this optimism, predicting that the SEC could approve spot altcoin ETFs "within a couple of months" [1].

Market reactions to these developments have been positive. On August 16, XRP’s price surged 10% to $3.10 following the revised filings, reflecting investor confidence in the potential for a regulated investment vehicle [2]. Analysts suggest that if approved, XRP ETFs could increase demand for the asset as fund managers begin to purchase large quantities of XRP tokens [1]. However, the recent price movements also highlight the ongoing sensitivity of XRP to regulatory outcomes, with volatility remaining a key consideration for broader adoption [5].

The regulatory environment has improved for XRP following the SEC's removal of restrictions on XRP sales to private investors in May 2025 [7]. The ongoing legal resolution in the Ripple-SEC case within the Second Circuit Court has also contributed to a more favorable landscape for XRP-based products [8]. Despite these developments, continued institutional adoption and further regulatory approvals will be essential for XRP to maintain its momentum [9].

The revised ETF filings aim to streamline the approval process, but the SEC has clarified that the mid-October deadline is procedural and not a final decision [4]. While the outcome remains uncertain, the XRP ETF, if approved, could represent a milestone in the mainstream adoption of altcoins beyond Bitcoin and Ethereum. It would provide both retail and institutional investors with a regulated and accessible means of investing in XRP without the complexities of direct trading or custody [1].

Sources:

[1] Prediction: XRP Will Trounce Palantir Over the Next 5 Years

https://www.nasdaq.com/articles/prediction-xrp-will-trounce-palantir-over-next-5-years

[2] 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/

[3] Major Players Adjust Filings For XRP Spot ETF

https://www.cointribune.com/en/major-players-adjust-filings-for-xrp-spot-etf/

[4] The SEC Just Announced Delays for an XRP ETF And Spot

https://www.mitrade.com/au/insights/news/live-news/article-8-1059656-20250822

[5] 1 Key Reason Why XRP Lags Behind Ethereum and Other

https://www.nasdaq.com/articles/1-key-reason-why-xrp-lags-behind-ethereum-and-other-top-cryptocurrencies

[7] Ripple Receives SEC Approval, DOT Miners Help You

https://coincentral.com/ripple-receives-sec-approval-dot-miners-help-you-earn-970-xrp-daily/

[8] Ripple-SEC Case Closure Followed by Rush of Updated

https://www.fastbull.com/news-detail/ripplesec-case-closure-followed-by-rush-of-updated-news_6100_0_2025_3_8973_3

[9] Ripple's Continued Success Hinges on These 3 Factors

https://www.aol.com/ripples-continued-success-hinges-3-103900726.html