Grayscale and Others Refile XRP ETFs, Market Anticipates Regulatory Approval

Major asset managers, including Grayscale and Bitwise, have resubmitted their applications for SEC approval of XRP spot exchange-traded funds (ETFs). These amendments address previous feedback from the Securities and Exchange Commission (SEC), aiming to secure market access in the US. The anticipated regulatory decision is expected between October 18th and 25th, with potential ripple effects across the crypto market. Institutional investment in XRP could follow a similar trajectory as Bitcoin and Ethereum, further impacting crypto asset performance and influencing regulatory frameworks.