Grayscale Files S-1 to Launch Spot XRP ETF
On August 22, 2025, Grayscale filed a Form S-1 with the U.S. SEC to register its Grayscale XRP Trust, formalizing the next step toward a spot XRP ETF. The SEC’s recent updates to digital asset fund disclosures and approval of in-kind creation and redemption have improved ETF efficiency, liquidity, and tracking of the spot market. Multiple spot XRP ETF applications, including Grayscale’s and 21Shares’, now face extended SEC review through October 2025. If approved, a spot XRP ETF would let retail and institutional investors access XRP via brokerage and retirement accounts, benefiting from standardized custody, audited reporting, and enhanced liquidity. This filing intensifies the race for a U.S.-based spot XRP ETF, potentially boosting XRP’s integration into mainstream investment channels as the October deadlines approach.
Bullish
Grayscale’s SEC S-1 filing represents tangible progress toward a U.S. spot XRP ETF, reinforcing regulatory momentum after recent SEC updates on disclosure and in-kind mechanisms. The move mirrors past successes seen with Bitcoin and Ethereum ETF approvals, where formal registrations triggered inflows and price rallies. In the short term, trader sentiment is likely to turn positive as market participants anticipate official approval by October, driving speculative buying and increased trading volume. Over the long term, a spot XRP ETF would broaden institutional access, enhance liquidity, and integrate XRP into retirement and brokerage platforms, potentially stabilizing its price and reducing volatility. The combined effect of improved market infrastructure and regulatory clarity supports a bullish outlook for XRP.