BREAKING: Grayscale and Bitwise Lead Charge with Updated Spot XRP ETF Filings
Wall Street's crypto craving intensifies as major players refine their XRP offerings.
THE RACE HEATS UP
Grayscale and Bitwise just filed amended applications for spot XRP ETFs—signaling serious institutional momentum. Other asset managers scramble to keep pace in what's becoming the most competitive crypto ETF rollout since bitcoin.
WHY IT MATTERS
Approval could funnel billions into XRP markets. Traditional finance finally wakes up to what crypto natives knew years ago—ignoring real-world assets means missing the next wave.
REGULATORS ON NOTICE
The SEC faces mounting pressure to greenlight these products. Every filing adds weight to the argument that blocking XRP ETFs now seems arbitrary—especially after bitcoin and ether got the nod.
BOTTOM LINE
Wall Street always arrives late to the party but expects to drive the car home. Should these filings convert to approvals, expect the usual suspects to take credit while early adopters quietly count their gains.
Broader ETF Momentum
The SEC has not yet approved a spot XRP ETF, though both spot and futures-based proposals are being considered. Industry analysts believe the cluster of filings highlights issuers’ determination to adapt to regulatory expectations, which could eventually bring an approval closer.
Notably, BlackRock, which already manages the largest spot Bitcoin and ethereum ETFs, has not filed for an XRP product. The company told The Block earlier this month it has no current plans to launch one.
Meanwhile, the broader ETF landscape continues to expand. Recently, VanEck filed with the SEC to launch the first exchange-traded fund built around JitoSOL, a token on the solana blockchain. The Form S-1 filing aims to give investors access to Solana’s liquid staking market without requiring them to hold the tokens directly.
Amid Friday’s wider market rally, XRP gained 7% to trade at $3.08 at the time of publication.
Also Read: SEC Extends Review of Nine crypto ETF Filings Into October
