Grayscale, BitWise is among the companies that update Spot XRP ETFS files star-news.press/wp

Evolution journalist

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Evolution journalist

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About the author

Amin Ayan is a coding journalist with more than four years of experience in this industry. He contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins and 24/7 Wall St.

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Last update:

August 23, 2025

A wave of assets managers presented the updated paper work for the XRP (ETFS) exchange on Friday, indicating a renewed payment to secure approval from the US Securities and Stock Exchange Committee (SEC).

Grayscale, BitWise, Canary, Coinshares, Franklin, 21shares, and Wisdomtree all Amendments to their proposal were submitted XRP ETFS spot.

While SEC has not yet agreed to any XRP ETF spot, files indicate that companies respond to continuous organizational comments.

XRP ETF deposits that are likely to be raised by SEC reactions

Bloomberg analyst ETF James Sevart described the set of deposits as “definitely due to SEC’s reactions”, adding that although this step was “a good sign”, it was very expected.

The updated proposals seem to set the fund’s structures to allow XRP creations or cash, along with both cash recovers and accurate mechanisms, instead of cash based mechanisms.

Nate Girassy, ​​the head of the ETF store, called the simultaneous deposits as “very noticeable”, saying it is a “very good sign” for the ultimate approval prospects.

Despite the momentum, Blackrock, the largest ETF exporter in the world, has not joined the XRP race. While Blackrock launched the first Bitcoin and Ethereum ETF point, the company confirmed earlier this month that it had no current plans to follow the XRP product.

The deposits reach amid a broader gathering in the encryption market, with XRP rise by 7 % on Friday to trade at $ 3.08.

Meanwhile, VANECK has applied for ETF Jitosol, the first proposed Solana Solana box fully supported by the distinctive liquid code (LST). You will follow ETF Jitosol, a symbol represented by Sol Stapled on Solana.

Geto Foundation, which supports the proposal, He said the box represents a milestone Now that the Supreme Education Council provided clarity that both the protocol and liquid steps do not constitute securities transactions. “This clarity opens a compatible path for ETF sponsors to use LSTS,” the Foundation said in a blog on Friday.

SEC recently agreed to CRYPTO creations and sincerity, which increases the extension of the compliance runway for new products.

Just weeks ago, Rex-ASPrey became the first ETF source to integrate bonuses in the Solana Fund via Jitosol partnership.

Solana (Sol) has been traded at $ 199 at the time of the press, an increase of approximately 10 % in the past 24 hours.

Gray forward with ETF DOGECOIN plan

As I mentioned, Grayscale is moving forward in an attempt to launch a trading box at Exchange Dogecoin, and reveals “GDOG” in the latest introduction of the US Securities and Stock Exchange Committee.

The company said on Friday that it is planning to rename the current Dogecoin confidence to Etf GrayScale Dogecoin Trust.

If approved, the box will include Nyse Arca, which has already presented paperwork to support the list. “The shares are expected to be inserted in Nyse Arca under the Ticker” GDOG “, mentioning the file.

Grayscale’s proposal enters a crowded field. RX-ASPrey and BitWise also submitted requests for similar products as SEC weighs dozens of Crypto ETF requests.