XRP Spot ETF has new developments, this time it feels reliable

This Friday, major institutions like Grayscale, Bitwise, and CoinShares submitted updated applications for a spot XRP ETF. This time, the documents indicate a more flexible fund structure, allowing for the creation of XRP or cash, and redemption in cash or physical assets. The event itself is not complicated, but the underlying significance is worth pondering.

Here are some of my personal views:

This time is different from previous submissions that were merely perfunctory; the document updates show that they are seriously listening to the SEC's feedback and adjusting their strategies. This indicates that these companies have confidence in the future of the XRP ETF and are proactively paving the way rather than passively waiting for approval.

This document adjustment also shows that institutions are adapting to regulatory requirements, which is a good thing for the entire crypto market. Previously, everyone was afraid of the SEC dragging things out, but now we can at least see institutions methodically advancing their plans.

Once the ETF is launched, institutions will be able to enter the market more smoothly, and liquidity and recognition will significantly increase; retail trading will also be more convenient, without the need to worry about the complexities of holding coins directly in wallets. Short-term prices may not spike immediately, but the ecosystem and participation will steadily grow.

I believe the significance of this matter lies not in the short-term market but in establishing a mainstream financial channel for XRP. If approved in the end, the market foundation for the coming years will be more solid, and the sense of security and confidence among participants will be enhanced.