XRP News Today: Ripple's Legal Win Paves Way for XRP ETFs, Eyeing $8 Billion Inflows

Canary Funds has advanced its XRP Spot ETF toward a potential market debut, having submitted an amended S-1/A filing with the U.S. Securities and Exchange Commission (SEC) on October 10, 2025. The filing updates the ETF's ticker symbol to XRPC and specifies its listing on the Cboe BXZ Exchange, with shares issued in blocks of 10,000. These "Baskets" will represent XRP holdings net of operational expenses, and Authorized Participants can create or redeem shares using either cash or XRP via custodians Gemini Trust Company and BitGo Trust Company Blockonomi^[1]. U.S. Bancorp Fund Services will administer share transactions, while Cohen and Company now serves as the ETF's auditor, replacing a prior firm Blockonomi^[1].

The SEC's review of XRP ETF applications has been delayed due to a U.S. government shutdown, which has paused action on approximately 90 pending filings, including those from Grayscale, Bitwise, and 21Shares. Canary's application, initially filed on October 8, 2024, faces a final deadline of October 23, 2025, aligning with broader regulatory uncertainty CoinPedia^[2]. Despite these delays, six XRP-focused ETFs have already launched in 2025, including the Volatility Shares XRP ETF (XRPI) and the REX-Osprey XRP ETF (XRPR), which provides direct exposure to XRP under a 1940 Act framework CoinPedia^[2].

Institutional interest in XRP has grown amid regulatory developments, with over $928 million of the token held in institutional wallets as of October 2025. A Canary Capital analyst noted that professional investors are "positioning for what's next," despite recent market volatility and $1.9 billion in XRP-related liquidations. The firm highlighted the potential for XRP ETFs to channel billions of dollars into the token, transforming it into a regulated investment vehicle The Currency Analytics^[3].

The approval of XRP ETFs could catalyze broader adoption, particularly as Ripple's legal battle with the SEC concluded in August 2025 with a $125 million settlement and a court ruling affirming that secondary XRP trades are not securities. This legal clarity, combined with the SEC's adoption of generic listing standards for crypto ETFs, enabled the REX-Osprey XRP ETF to launch in September 2025. Analysts project that multiple XRP ETFs could gain approval by October 2025, with potential inflows reaching $5–$8 billion, akin to early Bitcoin ETF trends .

Market dynamics suggest XRP's price stability and institutional accumulation are key factors. The token has traded within a $2.75–$2.88 range in recent weeks, with technical indicators pointing to $3.00 as a critical support level. Long-term holders are accumulating XRP, reducing volatility and enhancing its appeal for institutional portfolios. If approved, XRP ETFs could further solidify its role in cross-border payments and tokenized finance, leveraging Ripple's On-Demand Liquidity (ODL) network and partnerships with banks like Santander and BNY Mellon .