Several leading asset managers have submitted amendments to their XRP ETF proposals in response to regulatory input from the SEC.
Updates on XRP ETF Filings
Last Friday marked an important date for the financial sector as several major asset managers, including Grayscale and Bitwise, submitted updated proposals for spot XRP ETFs.
Response to SEC Requirements
Analysts view these coordinated submissions as a response to regulator feedback. "The filings were almost certainly due to feedback from SEC," Bloomberg ETF analyst James Seyffart wrote on social media.
Current State of the ETF Market
Despite the SEC not granting approval for a spot XRP ETF, many analysts believe these actions signify issuers' willingness to adapt to regulatory expectations.
The submissions of amendments for XRP ETFs highlight asset managers' determination to obtain SEC approval, potentially paving the way for future steps toward launching such funds.
