XRP just took a massive step forward in its ETF journey. On August 22, several of the worldâs largest asset managers â including CoinShares, Grayscale, Canary, Franklin, WisdomTree, Bitwise, and 21Shares â submitted updated S-1 filings with the U.S. SEC for their spot XRP ETFs.
đ What Changed in the Filings?
The amendments allow more flexible structures for the proposed funds, with options for both XRP or cash creations and cash or in-kind redemptions. Analysts say this is a strong sign that issuers are responding directly to SEC feedback.
Bloombergâs James Seyffart called the coordinated updates a âgood signâ, while Nate Geraci of NovaDius Wealth Management said itâs an even âvery good signâ â suggesting the review process is moving in the right direction.
âď¸ Legal Clarity Boosts Confidence
The timing couldnât be more significant. The updates landed on the same day the Second Circuit Court approved the SEC and Rippleâs joint request to withdraw their appeals â effectively closing the Ripple case.
Community analysts believe this ruling puts XRP in the same regulatory category as Bitcoin and Ethereum, finally clearing years of uncertainty. Some even estimate ETF approval odds have now jumped to 95%.
đ Market Reaction & Whale Activity
The impact was immediate: XRPâs price surged to $3.08 within hours, while trading volume exploded as whales accumulated large positions. Traders are now speculating this could mark the start of a new institutional wave into XRP.
đŽ XRP Following Bitcoinâs ETF Path?
Observers note the similarities to Bitcoinâs ETF timeline:
1. Regulatory clarity first
2. SEC softening stance
3. Coordinated ETF filings
4. Price rally fueled by institutional inflows
Experts expect a final SEC decision by October 2025, with estimates that institutional inflows into early XRP ETFs (Grayscale, Bitwise, Franklin, etc.) could top $5 billion.
â The Bottom Line
With legal battles behind it and multiple ETF issuers updating applications in unison, XRP is entering its most promising phase yet. If history repeats Bitcoinâs playbook, XRP could be on the verge of its biggest rally ever.