XRP News Today: Regulators' Shift Opens Door for XRP ETF Surge

The recent judicial resolution of the U.S. Securities and Exchange Commission’s (SEC) case against Ripple Labs has prompted several major asset managers to submit revised filings for spot XRP exchange-traded funds (ETFs). These updated S-1 filings, submitted by Canary, CoinShares, Franklin Templeton, 21Shares, WisdomTree, Grayscale, and Bitwise, reflect a coordinated response to regulatory feedback, according to ETFStore president Nate Geraci. The filings followed a federal appeals court’s formal dismissal of the SEC’s case, marking a significant shift in the legal landscape for XRP-related financial products.

Industry analysts view the synchronized filing activity as a positive signal, suggesting that asset managers are positioning for potential SEC approval. Bloomberg Intelligence analyst James Seyffart noted that the timing of the filings aligns with recent regulatory feedback and described the move as “a good sign, but also mostly expected.” With the SEC’s decision timeline now extended to late October, market participants are closely monitoring developments. Bloomberg’s team estimates the likelihood of approval for XRP ETFs at approximately 95%, underscoring the growing institutional confidence in the asset class.

The regulatory environment for cryptocurrency ETFs has evolved rapidly following the approval of spot Bitcoin and Ethereum ETFs earlier this year. However, XRP has faced unique challenges, including legal uncertainty stemming from the prolonged SEC litigation. The recent court decision provides a clearer legal framework, which appears to have encouraged asset managers to refine their proposals. Grayscale, for instance, submitted a new S-1 registration statement for its proposed Grayscale XRP Trust ETF, signaling the firm’s continued interest in expanding its crypto product suite.

In parallel, the SEC has extended decision deadlines for several XRP ETF applications from mid-August to October, according to reports. While these delays are not indicative of approval or denial, they suggest a cautious regulatory approach. The agency has historically delayed decisions on crypto ETFs to ensure thorough review, as seen in the multi-year approval process for Bitcoin ETFs. This measured approach is generally viewed as beneficial in the long term, as it allows for the development of a robust regulatory framework rather than a hasty rollout.

Market reactions to these developments have been mixed. XRP saw a 6% increase in 24 hours following the news of the court dismissal, partly driven by Federal Reserve Chair Jerome Powell’s dovish comments at the Jackson Hole symposium. Broader cryptocurrency markets also responded positively, with Bitcoin and Ethereum registering gains. JPMorgan analysts estimate that a successful launch of XRP ETFs could attract up to $8 billion in inflows during the first year, reflecting the potential impact of institutional adoption on market dynamics.

Source: [1] 'Cluster' of 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 file amendments for spot XRP ETFs as (https://cryptobriefing.com/xrp-etf-filings-grayscale-eth-ath/) [3] The SEC Just Announced Delays for an XRP ETF And Spot (https://finance.yahoo.com/news/sec-just-announced-delays-xrp-183700230.html)