XRP ETF Filings Flood In as Asset Managers Respond to SEC Feedback
The race to launch a spot XRP exchange-traded fund (ETF) is heating up. On Friday, a wave of updated filings from leading asset managers including Grayscale, Bitwise, CoinShares, Franklin Templeton, 21Shares, Canary, and WisdomTree hit the U.S. Securities and Exchange Commission (SEC), signaling growing momentum behind efforts to bring an XRP product to market.
Industry analysts believe the timing of the filings is no coincidence. The updates appear to reflect recent feedback from the SEC, suggesting issuers are working to fine-tune their proposals in hopes of securing approval. Changes include adjustments to how shares can be created and redeemed — now offering more flexibility with XRP or cash creations, as well as in-kind or cash redemptions.
Bloomberg’s ETF analyst James Seyffart commented that the simultaneous filings were “almost certainly due to feedback from the SEC,” calling the move a positive, though largely anticipated, step. NovaDius Wealth president Nate Geraci also weighed in, describing the cluster of applications as “highly notable” and a strong signal of progress.
Interestingly, while many major players have now entered the XRP ETF race, BlackRock — the issuer behind the largest spot Bitcoin and Ethereum ETFs — has yet to file. The firm recently stated it currently has no plans to pursue an XRP product.
Despite BlackRock’s absence, optimism around an eventual XRP ETF approval continues to build. The market’s reaction was immediate: XRP surged 7% on Friday, trading above $3 for the first time in months, reflecting investor enthusiasm that regulatory approval could unlock a fresh wave of institutional capital.
For now, all eyes remain on the SEC. If the regulator greenlights one of these funds, it could mark a pivotal moment for XRP, potentially elevating it to the same stage as Bitcoin and Ethereum in the eyes of Wall Street.
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Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
