Grayscale Investments has refiled a crucial amendment to its proposed Grayscale XRP Trust with the U.S. Securities and Exchange Commission (SEC). This move aims to further propel the asset towards mainstream accessibility for institutional investors seeking exposure to digital assets within traditional financial products. 2025-11-03 marked the submission of Amendment No. 2, alongside the addition of Edward McGee as Chief Financial Officer and Davis Polk & Wardwell LLP as legal counsel. This strategic step signifies Grayscale’s continued dedication to navigating the SEC’s review process while aiming for eventual approval. Crypto commentator Jack The Rippler has highlighted this development, noting it represents a new amendment for an XRP ETF. Reactions from the community have been diverse, ranging from optimism about potential market impact to skepticism about the influence of regulatory developments on price movements.