Grayscale Applies for Spot XRP ETF, Boosting XRP ETF Optimism
Grayscale has filed an S-1 registration with the U.S. SEC for a Spot XRP ETF, following Ripple’s 2023 court ruling that XRP tokens traded on exchanges are not securities. This application joins clustered filings from Bitwise and WisdomTree under the SEC’s streamlined crypto ETF framework, after spot Bitcoin and Ethereum ETF approvals. XRP trading volume and price jumped over 10% to about $3.10 on the news. Traders are now focused on the October 18–25, 2025 decision window, pending SEC comments, market surveillance agreements, custody arrangements and exchange readiness. Analysts expect that SEC approval of a Spot XRP ETF would unlock significant institutional and retail inflows, mirroring the liquidity boost seen with BTC and ETH ETFs and further integrating XRP into mainstream markets.
Bullish
The filing of a Spot XRP ETF is bullish for XRP. In the short term, the announcement drove over a 10% price and volume surge as traders priced in SEC approval prospects. In the long term, formal ETF approval would open substantial institutional and retail inflows, enhance market depth, and integrate XRP into mainstream finance—mirroring the liquidity and price momentum observed after BTC and ETH ETF approvals.