Grayscale Investments has submitted an S-1 to the SEC for a proposed XRP exchange-traded fund (ETF), signaling a significant push from institutional investors seeking to capitalize on renewed regulatory interest in cryptocurrency. The filing comes amidst heightened pressure for crypto products, leading to a 5.8% surge in XRP prices within just 24 hours. Market analysts anticipate substantial financial impact, expecting billions of dollars to flow into the XRP market upon approval of the ETF. This move follows industry trends as companies strive for SEC approval for various crypto ETFs, including Grayscale’s competitor projects led by Bitwise and CoinShares. The potential success could mark a turning point for the cryptocurrency sector, mirroring the similar trajectories of BTC and ETH ETFs.