Seven asset managers, led by Grayscale and Bitwise, filed revised S‑1 amendments for an XRP spot ETF with the SEC after regulator feedback. The amendments allow creation/redemption in XRP or cash, and the filings spurred a >7% XRP price jump, strengthening prospects for approval.
Seven firms revise XRP spot ETF filings after SEC feedback
Amendments permit creation/redemption in XRP or cash; aligns with prior Bitcoin ETF strategy
XRP rose over 7% on the news; CoinMarketCap data shows a 24h volume surge of 121.12%
Meta description: XRP spot ETF filings revised by seven asset managers including Grayscale and Bitwise after SEC feedback—read the market impact and analyst views.
What changed in the XRP spot ETF filings submitted to the SEC?
The revised filings for an XRP spot ETF update creation and redemption mechanics to allow XRP or cash, responding to SEC comments. Asset managers adjusted S‑1 language to mirror structures that worked for Bitcoin spot ETFs, aiming to meet regulatory expectations and reduce approval friction.
Which firms filed updates and why does it matter?
Seven major asset managers—including Grayscale and Bitwise—submitted amended S‑1 filings for XRP spot ETFs following SEC feedback. Market observers view the coordinated changes as a sign of institutional alignment and improved regulatory compliance.
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XRP surged more than 7% after the filings were announced. CoinMarketCap recorded XRP at $3.04 with a market cap of $181.11 billion, dominance of 4.53%, and 24‑hour volume up 121.12% to $10.69 billion. Short-term trading activity rose sharply, reflecting increased investor interest.
Asset managers revised language after receiving SEC feedback to reduce regulatory objections and standardize ETF mechanics. The amendments address fund creation/redemption processes—allowing either XRP or cash—mirroring structures that previously helped secure Bitcoin spot ETF approvals.
ETF analysts and industry figures reacted positively. James Seyffart (ETF analyst) called the move “almost certainly due to feedback from SEC.” Nate Geraci (President, NovaDius Wealth) described the revisions as a “very good sign.” These comments suggest the filings are moving toward greater SEC compatibility.
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Source: https://en.coinotag.com/seven-asset-managers-revise-xrp-spot-etf-filings-after-sec-feedback-move-could-signal-progress-toward-approval/