Seven Firms Resubmit XRP Spot ETF Filings — A Major Step Toward Approval
In a powerful show of unity, seven major asset managers — including Grayscale and Bitwise — have submitted revised XRP spot ETF filings to the SEC, adjusting fund mechanics to align with regulatory feedback. The move has sparked a 7% surge in XRP price, with trading volume up 121%
The Big Move: Seven Firms Align on Revised XRP ETF Structure
The path to a spot XRP ETF just got much clearer.
Leading asset managers have updated their S-1 registration forms with the SEC, including:
- Grayscale
- Bitwise
- Canary
- VanEck
- ARK Invest
- Fidelity
- WisdomTree
These revisions focus on key structural changes:
- Creation Units: Can now be formed in cash or XRP
- Redemption Process: Allows for cash or in-kind redemptions
- Custody & Surveillance: Enhanced frameworks to meet SEC standards
This mirrors the proven model that led to the January 2024 Bitcoin ETF approvals — a strong signal that firms are not just hoping for approval, but adapting to win it.
Why This Matters: It’s Not Just a Filing — It’s a Strategy
These aren’t random updates.
They’re direct responses to SEC feedback, showing that:
- Firms are engaging constructively with regulators
- There’s industry-wide coordination on compliance
- The crypto ETF playbook is now battle-tested and repeatable
As James Seyffart, ETF analyst at Bloomberg, noted:
“Almost certainly due to feedback from SEC. Good sign, but also mostly expected.”
And Nate Geraci, President of NovaDius Wealth, added:
“This is a very good sign” for approval odds.
When seasoned ETF experts speak this confidently, the market listens.
XRP Price Jumps 7% — Volume Explodes
The reaction was immediate and powerful.
| Metric | Change |
|---|---|
| XRP Price | +6.55% → $3.04 |
| Market Cap | $181.11B (4.53% dominance) |
| 24h Trading Volume | $10.69B (+121.12%) |
| 60-Day Gain | +39.11% |
This isn’t just FOMO.
It’s rational optimism — investors pricing in a higher probability of ETF approval.
And with Grayscale’s decision deadline set for October 18, 2025, the clock is ticking.
The Bitcoin Blueprint: History Is Repeating
The revised structure follows the exact blueprint that worked for Bitcoin ETFs:
- Hybrid creation/redemption to prevent market manipulation
- Robust surveillance-sharing agreements with major exchanges
- Top-tier custodians (Coinbase, BitGo, Fidelity Digital Assets)
By adopting this model, XRP ETF issuers are removing regulatory roadblocks before they’re even raised.
It’s not just compliance.
It’s anticipatory regulation.
What’s Next: The October 18 Grayscale Decision
All eyes are now on October 18, 2025 — the official deadline for the SEC to rule on Grayscale’s XRP ETF.
Analysts now estimate:
- Approval odds: 65–75% (up from 30% pre-revision)
- First-mover advantage: Grayscale likely to launch first
- Domino effect: Other filings could be approved within weeks
If approved, we could see:
- $5B+ in inflows within 90 days
- New institutional adoption (pension funds, wealth managers)
- Global exchange relistings (Coinbase, Robinhood, etc.)
Final Outlook: XRP ETFs Are No Longer “If” — But “When”
This wave of revised filings isn’t noise.
It’s a coordinated push to bring XRP into the mainstream financial system.
With:
- Legal clarity (SEC case closed)
- Regulatory alignment (ETF structure updated)
- Market momentum (price and volume surging)
…XRP is no longer waiting for permission.
It’s leading the next phase of crypto adoption.
And if history holds,
October 2025 could be the month XRP joins BTC and ETH on Wall Street.
