Major asset managers, including Grayscale and Bitwise, have submitted amended XRP ETF filings to the SEC, responding to feedback and aiming to improve approval chances.
Updates on XRP ETF Filings
Asset managers, including Grayscale and Bitwise, have updated their XRP ETF filings. These amendments are made in response to SEC feedback to enhance the chances of approval. Companies like 21Shares and CoinShares are also refining their filings to increase flexibility and compliance in hopes of mirroring the success of Bitcoin and Ethereum ETFs.
XRP Price Surge Amid ETF News
The market reacted positively to the filing amendments, leading to a 7% increase in XRP's price. This indicates investor optimism regarding the possibility of regulatory approval. Expectations of substantial inflows from institutional investors are generating significant interest in XRP.
The Potential of XRP ETF Compared to Bitcoin and Ethereum
Previous approvals of Bitcoin and Ethereum ETFs in 2024 resulted in substantial institutional inflows, boosting liquidity. If approved, the XRP ETF might replicate this trend, facilitating significant financial integration and reinforcing the legitimacy of digital assets in financial markets.
The updated XRP ETF filings from Grayscale and Bitwise represent a crucial step towards increasing institutional interest and potential growth in the XRP market, under the influence of ongoing SEC commentary.
