Seven asset managers amend XRP ETF filings after SEC feedback, as legal clarity and global developments boost approval hopes in 2025.
Seven well-known asset managers—Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree have updated their applications for spot XRP exchange-traded funds (ETFs). These amended S-1 filings are filed on Friday, August 22, 2025. This is the second step taken after comments received by the U.S. Securities and Exchange Commission (SEC), which indicates that the SEC and ETF issuers continue to discuss.
SEC Review Deadline for XRP ETFs Extended to October 2025
Bloomberg ETF analyst James Seyffart said the modifications were “probably as a result of SEC feedback.” He referred to this as a favourable development, but not a surprise. In the past, only cash creation and redemption were permitted in the structure of proposed XRP ETFs. The new filings, however, now list both XRP or cash to create and either cash or in-kind redemptions. This adjustment renders the funds more flexible and appealing to investors.
Besides, it is significant when these changes occur. The SEC has also extended the deadline for reviewing several ETFs relating to crypto, including XRP. The revised deadline of the new review will be October 2025. This is not a new trend, as the SEC tends to take 240 days to decide on crypto-related ETFs.
Related Reading: BlackRock Will File For An XRP ETF Soon, Experts Say | Live Bitcoin News
Consequently, it is believed that these changes are part of a greater move to comply with the regulatory expectations. In a May 2025 post on X, Seyffart described how such amendments are typically done to assuage the SEC and increase the likelihood of ultimate approval. Consequently, the lumping of these amended submissions indicates that something is being done.
Meanwhile, Ripple Labs had a significant legal success earlier this year. In mid-2025, a U.S. court judged that XRP is not a security when sold on secondary markets. This ruling cleared one of the biggest legal hurdles and renewed the hope of the ETF issuers. In fact, since the court decision and the recent filings, XRP’s price jumped by 6.24%, reaching $3.04 on August 22, 2025.
New SEC Rules Could Accelerate XRP ETF Decisions
In addition, Canada has recently introduced three spot XRP ETFs to the Toronto Stock Exchange, which has once again increased XRP optimism. The cross-border developments indicate that there is investor interest in XRP.
The European Union has also been putting effort into a new regulatory program, referred to as MiCA (Markets in Crypto-Assets), that will likely go into effect by the end of 2025. This will bring better and clearer consistency in crypto investment in Europe, including XRP.
Not all of the large companies are entering the race for the XRP ETF. As an example, the largest asset manager in the world, BlackRock, has not placed ETFs for XRP, mainly because of the uncertainty of the rules.
However, there are brighter expectations. On July 7, 2025, the SEC brought forward new directions on the crypto ETF disclosures. That would expedite the process of approval of XRP and the other digital asset funds.
Ultimately, the legal certainty, regulatory development, and universal attention mean that 2025 could be an immensely transformative year in relation to XRP. Although this will not necessarily be a forgone conclusion, the way ahead now seems obvious like never before. The countdown to the October deadline is on, and investors and the crypto world at large are on edge.
