XRP ETF prospects have taken a promising turn as top asset managers amended their filings with the U.S. Securities and Exchange Commission (SEC) following a major legal breakthrough in Ripple’s court case.
Major Firms Amend XRP ETF Filings
On August 22, leading financial institutions including CoinShares, Grayscale, Canary, Franklin Templeton, WisdomTree, Bitwise, and 21Shares submitted updated S-1 filings with the SEC for proposed spot XRP exchange-traded funds (ETFs). These updates appear synchronized and suggest a coordinated effort to respond to regulatory expectations.
The amended filings seek to introduce more flexibility in fund management. Specifically, they propose allowing XRP or cash-based creations and redemptions of fund shares. This dual-approach setup reflects a potential shift toward formats favored by regulators, increasing the chances of regulatory approval.
Industry Experts Signal Optimism
Bloomberg analyst James Seyffart recognized the coordinated move as a strategic response to feedback from the SEC. Referring to the development as a “good sign,” he noted that while expected, the updates reflect progress in the SEC’s likely review process.
Similarly, Nate Geraci, president of NovaDius Wealth Management, described the batch of amendments as a “very good sign,” indicating forward momentum in the approval process.
Legal Clarity Fuels Momentum
Crucially, the same day the asset managers submitted their amendments, the Second Circuit court officially dismissed appeals in the SEC vs Ripple case, ending the long-standing legal battle. This resolution eliminated key regulatory uncertainties surrounding XRP’s status.
Well-known community analyst “All Things XRP” hailed the court’s ruling as a decisive moment. With the lawsuit concluded, XRP now stands on similar legal ground as prominent digital assets like Bitcoin and Ethereum. The expert asserted that issuers were purposefully timing their filings to coincide with legal clarity.
Blockchain-based ETF filings gain traction after XRP legal clarity
Ripple Case Resolution Sparks Price Surge
Following the court’s dismissal and the ETF filing updates, XRP’s trading volume and price saw a rapid uptick. Within hours, XRP jumped to $3.08, with notable whale accumulation reported by All Things XRP. The spike in volume highlights increasing investor confidence and institutional interest in the token post-lawsuit.
XRP Repeats Bitcoin ETF Trajectory
Community observers have drawn direct parallels between XRP’s current trajectory and Bitcoin’s journey to ETF approval. Just as Bitcoin first gained legal assurance before triggering a wave of ETF proposals and a massive rally, XRP is now at a similar stage.
Twitter analyst XRP Investing maintains that XRP has entered the final stretch before approval, anticipating a SEC decision by October 2025. The SEC’s deadline in October will determine the fate of several proposals, including those from Grayscale, Bitwise, and 21Shares.
Institutional Inflows on the Horizon
While financial powerhouses like BlackRock have yet to submit XRP ETF applications, some analysts project that cumulative institutional investments into funds from Grayscale, Franklin, and Bitwise could surpass $5 billion once regulatory approval is granted. Such inflows will not only enhance XRP’s market credibility but may also boost its liquidity and adoption rate across global financial portfolios.
With regulatory fog dissipated and applications aligning with expected compliance norms, XRP’s path to becoming the next major crypto ETF appears stronger than ever.
