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Six major asset managers — Bitwise, Canary Capital, CoinShares, Franklin Templeton, 21Shares, and WisdomTree — have submitted amendments to their S-1 filings with the U.S. Securities and Exchange Commission for spot XRP exchange-traded funds. At the same time, Grayscale filed a fresh S-1 registration for its upcoming Grayscale XRP Trust ETF, signaling renewed momentum in the race to launch XRP-focused investment products.
The simultaneous filings mark a coordinated move as issuers seek to position themselves ahead of potential SEC approval. The push for spot XRP ETFs follows similar activity around Bitcoin and Ethereum products, reflecting growing institutional demand for regulated crypto exposure.
Market optimism was further lifted after Federal Reserve Chair Jerome Powell hinted at possible rate cuts during his Jackson Hole address. His remarks sparked a rally in risk assets, including cryptocurrencies, with Friday’s filings adding fuel to bullish sentiment across digital markets.
