Several top asset managers, including Grayscale, Bitwise, Franklin Templeton, CoinShares, 21Shares, and WisdomTree, have submitted updated proposals for spot XRP exchange-traded funds. Analysts say the cluster of filings signals a coordinated response to U.S. SEC feedback.
The latest amendments adjust fund structures, permitting XRP or cash creations and allowing both cash and in-kind redemptions. Bloomberg’s James Seyffart described the move as “a good sign,” suggesting issuers are addressing regulator concerns.
Industry experts see the simultaneous filings as a major step toward eventual approval. Nate Geraci, president of NovaDius Wealth, called the clustering “highly notable,” stressing that it reflects issuers’ willingness to adapt to SEC expectations.
The SEC has yet to approve a spot XRP ETF, though it continues to review both spot and futures-based products. BlackRock, despite leading in Bitcoin and Ethereum ETFs, confirmed it has no immediate plans to file for an XRP vehicle.
You need to login in order to Like
Leave a comment