Asset managers have submitted new filings for an XRP-related ETF following Ripple's recent victories in legal disputes. These events, along with changes in regulatory expectations, may have influenced market reactions.
Revised Fund Structures
The latest documents show adjustments in fund structures that allow for XRP or cash creations, as well as cash or in-kind redemptions. Previous filings restricted transactions to cash only, but the new flexibility has the potential to enhance compliance with regulatory requirements. Analysts believe these revisions indicate issuers' willingness to adapt.
Ripple Secures Final Judgment
Ripple achieved a decisive victory as the U.S. Court of Appeals closed the SEC's case. Judge Analisa Torres maintained a distinction between institutional XRP sales and secondary market transactions, which became a core part of Ripple's defense. This outcome not only concluded years of legal disputes but also provided Ripple with the regulatory clarity it needed.
Market Impact and Investor Sentiment
XRP's price climbed 7% on Friday, reaching $3.08 during the broader crypto rally. Analysts remain optimistic about the revised filings, and Ripple's legal clarity may have contributed to these gains. While the SEC has yet to approve a spot XRP fund, the growing institutional momentum and fresh regulatory certainty suggest the market could soon enter a new phase of development.
The updated ETF applications and Ripple's courtroom victory mark a turning point for the asset. With increasing institutional support and regulatory clarity, the outlook for the cryptocurrency market appears promising.
