Key Takeaways
Which firms are filing for XRP ETFs?
Bitwise, 21Shares, CoinShares, WisdomTree, and others have updated their filings to match new SEC requirements.
How much money could flow into XRP if approved?
Analysts estimate between $4–$8 billion in the first year.
Momentum around the U.S. Spot-based XRP exchange-traded fund (ETF) has intensified in recent months, fueling optimism that institutional capital may soon flow into the XRP market at unprecedented levels.
The turning point came on the 18th of September, when the U.S. Securities and Exchange Commission introduced a regulatory shift. That was to allow exchanges to list Spot crypto ETFs under generic listing standards.
Interestingly, this could slash approval timelines from nearly 240 days to just 75.
This streamlined path positioned Ripple [XRP] closer than ever to joining the ranks of officially sanctioned digital-asset ETFs, marking a potential inflection point for both investor access and market sentiment.
Firms filing for XRP ETF
Needless to say, the regulatory shift has already triggered a wave of activity among major issuers, with firms such as Bitwise, 21Shares, CoinShares, WisdomTree, and others submitting amended S-1 filings to align with the SEC’s new requirements.
These revisions include structural updates like enabling in-kind creation and redemption, an important move that brings XRP closer to traditional ETF mechanics and reduces reliance on cash-only structures.
Analysts viewed this as a sign that issuers were not just preparing for approval but optimizing products for institutional-grade liquidity and operational efficiency.
Now, if a Spot XRP ETF goes live, it would offer investors a regulated way to gain exposure to XRP without directly holding the token.
Early estimates suggested such products could draw $4–$8 billion in first-year inflows, a scale large enough to tighten supply and influence pricing if execution aligns with expectations.
However, despite this momentum, approval is not guaranteed.
The SEC may still raise objections, and current price action reflects caution rather than euphoria.
But why is the price struggling?
Even with multiple launches and strong inflows, XRP struggled to maintain upward momentum, trading around $1.89 at press time after seeing a drop of over 20% in the past month, as per CoinMarketCap.
Technically, XRP remained in a consolidation phase, caught between strong institutional interest and bearish macro conditions.
Thus, a breakout above $2.50–$3.00 remained possible if momentum aligned with demand, but continued liquidity stress could push the token back below $2.00.
All these point to a conclusion that ETF filings signal potential, but the rally depends on execution, sustained inflows, and improved market sentiment.
Current status of all XRP ETF and more
Interestingly, despite XRP’s price pullback, institutional appetite hasn’t slowed.
Multiple XRP-linked funds, including the Teucrium 2x Long Daily, Volatility Shares, Rex-Osprey, ProShares Ultra XRP ETF, Purpose XRP ETF, and Canary XRP ETF, have already gone live. This helped push total assets to roughly $257 million.
Additionally, Finviz data showed that the newly listed XRP ETF opened trading at $24.15, slipped to an intraday low of $22.12, and ultimately closed at $22.46, marking a roughly 7% decline from its opening price.
Meanwhile, products like the Grayscale XRP Trust ETF (GXRP), structured as Spot ETPs backed directly by underlying XRP reserves, are set to begin trading on NYSE Arca.
Still, Derivatives markets weren’t showing the same conviction: Open Interest remained flat near $1.37 billion at press time, Funding Rates at neutral, and price momentum sat in a bearish zone around $2.17.
In short, inflows show growing institutional confidence, but without stronger trader participation and improved market structure, XRP may struggle to turn these ETF launches into a sustained rally.