XRP ETF Filings Resubmitted to the SEC! Could Approval Be Closer?

On 21 August 2025, several major asset managers, including Grayscale, Bitwise, 21Shares and CoinShares, resubmitted their applications for a spot XRP exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). 

The revisions reflect feedback from regulators, introducing structural adjustments aimed at aligning the proposals with existing guidelines. 

With industry projections suggesting inflows between $5 and $8 billion if approved, the filings mark a significant moment for both XRP and the wider digital asset market.

Why Have XRP ETF Filings Been Resubmitted?

The SEC has historically taken a cautious approach to crypto ETFs, with its decisions shaping institutional participation. For years, applications were either delayed or rejected due to concerns around market surveillance, investor protection and liquidity. 

However, since the approval of Bitcoin and Ethereum ETFs in 2024, regulators have become more open to considering digital assets as part of structured investment vehicles.

The resubmitted XRP filings respond directly to issues raised during the review process. A key adjustment is the inclusion of flexibility between XRP-based transactions and cash-based settlement. 

This structural change provides more options for fund operations and addresses concerns about how redemptions and liquidity might be managed in volatile markets. 

By adopting models similar to those seen in traditional commodities and equities, the applications demonstrate a willingness to work within established frameworks rather than pushing for exemptions.

Resubmitting also signals persistence from leading asset managers. Firms such as Grayscale and Bitwise have long histories of navigating regulatory challenges and view XRP as an asset with sufficient maturity to merit an ETF. 

The timing is important as well. With the SEC recently affirming that XRP is not considered a security, the path to approval appears clearer than in past cycles. 

In short, the revised filings show adaptation to regulatory expectations and reinforce the determination of institutions to establish XRP ETFs as part of mainstream finance.

How Do Revised Filings Impact the Market and XRP’s Position?

The prospect of an XRP ETF carries implications well beyond the technicalities of fund structure. ETFs are among the most accessible investment products, allowing institutions and retail investors to gain exposure to an asset without needing to directly buy and hold it. 

This accessibility has been demonstrated by the significant capital inflows into Bitcoin and Ethereum ETFs. For XRP, an approved ETF could expand its investor base substantially.

XRP already holds a prominent position in the market. As of 23 August 2025, it trades at approximately $3.04 with a market capitalisation of just over $180 billion and daily volumes exceeding $10 billion. 

Price movements in recent days reflect strong market interest: a daily rise of over 6% contrasts with moderate declines over the past week, showing that short-term fluctuations coexist with long-term momentum. Analysts suggest that ETF anticipation has played a role in the recent surge in trading activity.

Liquidity is another key factor. By attracting institutional inflows, an ETF could deepen XRP markets and reduce volatility. 

Increased liquidity also benefits other parts of the ecosystem, such as payment applications, remittance services and decentralised finance platforms built around XRP. 

Analysts from multiple firms note that ETFs typically enhance the legitimacy of underlying assets, which in turn drives broader integration into financial services.

Importantly, the resubmission also reinforces XRP’s regulatory standing. By submitting revised documents, asset managers acknowledge that regulatory oversight is not a barrier but a framework that can be worked within. 

This marks a shift from the uncertainty that defined XRP’s position during earlier legal disputes. For investors, it builds confidence that the asset has moved into a more stable regulatory environment.

Read also: XRP ETF Poised to Outshine Ethereum

What Could XRP ETFs Mean for the Future of Crypto Adoption?

If approved, XRP ETFs would represent a further step in the integration of digital assets into traditional finance. 

The launch of Bitcoin ETFs in 2024 marked a turning point, bringing billions in inflows within weeks and reshaping perceptions of crypto as an investable asset class. Ethereum ETFs followed suit, reinforcing the trend. 

XRP could become the third major digital asset to secure such a product, signalling maturity and broadening the scope of regulated crypto investment opportunities.

Institutional demand is expected to be strong. XRP’s established role in cross-border payments and its large global community provide a foundation for adoption. 

Projections of $5 to $8 billion in inflows are based on comparisons with earlier ETF launches and the scale of XRP’s existing market presence. 

For asset managers, securing approval would position them at the forefront of expanding crypto exposure options.

The broader industry may also benefit. Approval of an XRP ETF could set precedent for other assets seeking similar products, particularly those with strong utility or established use cases. 

Analysts suggest that the SEC’s engagement with these filings reflects a more pragmatic approach to regulation, focusing on workable frameworks rather than outright resistance. 

This could open the door to a more diverse set of ETFs in the future, from stablecoins to niche tokens with clear applications.

For the crypto market as a whole, the effect would be twofold: stronger legitimacy through regulatory approval and increased liquidity through institutional inflows. 

Together, these shifts would make digital assets more attractive to traditional investors who may have been hesitant due to perceived risks. In this way, XRP ETFs could accelerate not only the asset’s adoption but also the wider acceptance of blockchain-based financial products.

Read also: What the SEC's Delay on 5 Spot XRP ETFs 

Conclusion

The resubmission of XRP ETF filings on 21 August 2025 marks a pivotal moment for the asset’s future. 

By addressing regulatory feedback, firms such as Grayscale and Bitwise have shown their intent to work within established frameworks while pushing forward innovation in crypto finance. 

For XRP, an approved ETF would mean greater legitimacy, deeper liquidity and expanded investor access.

As regulatory clarity improves, the potential for ETFs to reshape markets becomes clear. For traders looking to gain exposure to digital assets like XRP with ease and security, platforms such as Bitrue provide a reliable way to participate in the evolving landscape of crypto investment.

Read also: If ETF XRP Approved: Price Would Hit $25?

FAQ

What is an XRP ETF?

An XRP ETF is an exchange-traded fund that allows investors to gain exposure to XRP without directly purchasing or holding the cryptocurrency.

Why were the filings resubmitted to the SEC?

Asset managers updated their applications to reflect SEC feedback, improving fund structures and addressing concerns over liquidity and settlement models.

How much investment could XRP ETFs attract?

Projections estimate inflows between $5 and $8 billion if ETFs are approved, based on comparisons with Bitcoin and Ethereum ETF launches.

How does this impact XRP’s market position?

ETFs could expand investor access, increase liquidity, and reinforce XRP’s regulatory clarity, boosting its role in the crypto market.

When might the SEC make a decision?

Industry expectations suggest the SEC could decide between October 18 and October 25, though official timelines remain subject to regulatory processes.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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