Many large asset managers including Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree have just submitted an update for their spot ETF fund application based on XRP, reflecting efforts to adjust to feedback from the SEC. The updates allow for the use of XRP or cash in the process of creating and redeeming the fund, rather than just accepting cash as before. This is seen as a positive signal for the outlook of the XRP ETF, although the SEC has not yet approved any funds. BlackRock currently has no plans to launch an XRP ETF. The price of XRP surged by 7%, reaching $3.08 on the day of the filing.