XRP ETF Filings Resubmitted: Asset Managers Seek SEC Approval

Major asset managers have resubmitted amended XRP ETF filings to the SEC, addressing regulatory feedback and aiming for increased flexibility. These revised proposals are driven by a desire to improve their chances of SEC approval and align with successful Bitcoin and Ethereum ETFs. This move is anticipated to drive institutional inflows into the market, potentially influencing digital asset prices and bolstering regulatory acceptance. Grayscale, Bitwise, and other prominent asset managers have actively refined their XRP ETF filings in response to SEC guidance, mirroring the structure used for approved Bitcoin and Ethereum ETFs. The aim is to enhance institutional interest and increase XRP’s market adoption, aligning with compliance efforts. Increased investor optimism has already been evident, reflected in a 7% surge in XRP’s price following the news of these revisions. Experts suggest this action could mirror the success seen with Bitcoin and Ethereum ETFs, potentially leading to significant financial integration of digital assets. The updated filings are being seen as a step towards legitimizing XRP within the broader financial landscape.