The race to launch a spot XRP ETF is gaining momentum, with major players preparing to enter the arena. According to FOX Business journalist Eleanor Terrett, multiple asset management firms are poised to file applications with the U.S. Securities and Exchange Commission (SEC) in the coming week—just days after Grayscale submitted its own proposal to convert the Grayscale XRP Trust into an exchange-traded fund (ETF).
This surge in institutional interest marks a pivotal moment for XRP, a digital asset that has long been at the center of regulatory scrutiny. With Grayscale leading the charge, market analysts believe this could be the beginning of a broader wave of ETF filings that may finally bring XRP into the mainstream investment landscape.
Grayscale Takes the Lead in XRP ETF Race
Grayscale, the world’s largest digital asset manager, officially filed to transform its existing XRP Trust into a spot ETF, aiming for listing on the New York Stock Exchange (NYSE). This move follows a proven strategy the firm successfully executed with its Bitcoin and Ethereum spot ETFs, both of which saw massive inflows upon approval.
The filing signals strong confidence in XRP’s long-term viability and reflects growing demand from institutional investors seeking regulated exposure to the asset. By converting the trust into an ETF, Grayscale would enable easier access for retail and institutional traders alike through traditional brokerage platforms.
🚨 Breaking: Grayscale Files For Spot XRP ETF With NYSE 🚨
Grayscale has officially filed to convert its XRP Trust into an ETF, which will be listed on the New York Stock Exchange (NYSE). This comes shortly after their filings for Litecoin and Solana ETFs.
FOX journalist Eleanor Terrett confirmed on social media that Grayscale is likely just the first of many firms preparing to file. She hinted at “more activity” on the horizon, fueling speculation about other major financial institutions entering the space.
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BlackRock’s Potential Entry Could Be a Game-Changer
All eyes are now on BlackRock, the world’s largest asset manager with over $10 trillion in assets under management. The firm has already dominated the crypto ETF market with its spot Bitcoin ETF (iBIT), which rapidly amassed nearly $60 billion in assets—making it one of the fastest-growing ETFs in Wall Street history. Its Ethereum ETF also ranks among the top performers in the sector.
Given this track record, a potential BlackRock XRP ETF filing could dramatically accelerate adoption and drive significant price appreciation for XRP. While the company hasn’t made any official announcements, Terrett’s cryptic response to user inquiries—“Issuers WITH XRP ETF applications. 🙂”—has only intensified speculation.
Market observers note that such high-profile interest doesn’t emerge without underlying investor demand. As Vet, founder of XRP Cafe, pointed out:
“Remember, XRP ETF filings don't happen if there is no demand for the ETF. Clients are asking for it.”
This aligns with broader trends showing increased institutional appetite for diversified crypto exposure beyond Bitcoin and Ethereum.
Regulatory Clarity on the Horizon?
One of the biggest hurdles for an XRP ETF has been regulatory uncertainty stemming from the SEC’s lawsuit against Ripple Labs. However, recent developments suggest a resolution may be nearing.
Notably, the SEC removed references to the Ripple lawsuit from its official website—a move widely interpreted as a sign that the legal battle could be concluding. While no formal settlement has been announced, this development has boosted market sentiment and reduced perceived regulatory risk for XRP-related financial products.
With clearer regulatory waters ahead, ETF issuers are better positioned to move forward with confidence. Approval of even one spot XRP ETF could open the floodgates for others, creating a domino effect across the industry.
XRP Price Outlook: Consolidation Before a Breakout?
At press time, XRP is trading at $3.10, showing minimal movement over the past 24 hours. Trading volume has declined by nearly 30% to $4.7 billion, mirroring a broader market slowdown ahead of the weekend. Despite this temporary lull, XRP remains one of January’s top-performing assets, up more than 43% for the month.
Technically, XRP is consolidating within a tight range. Analysts suggest that if the price breaks above the upper trendline—resistance since mid-January—it could retest $3.55. A decisive breakout beyond that level could propel XRP toward $4.00, representing a 25% gain from current levels.
Conversely, a drop below $2.60 could shift momentum to bearish territory, potentially triggering further downside pressure.
Key Factors Driving Future Growth
- ETF demand: Rising institutional interest signals strong market demand.
- Regulatory progress: Removal of SEC litigation page hints at possible resolution.
- Investor sentiment: Positive outlook fueled by Grayscale’s filing and expected follow-ups.
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Frequently Asked Questions (FAQ)
Q: What is a spot XRP ETF?
A: A spot XRP ETF is an exchange-traded fund that directly holds XRP tokens, allowing investors to gain exposure without owning or storing the cryptocurrency themselves. It trades like a stock on traditional exchanges.
Q: Why is Grayscale converting its XRP Trust to an ETF?
A: Converting to an ETF improves liquidity, transparency, and accessibility. Unlike trusts, which often trade at premiums or discounts to net asset value, ETFs typically trade closer to fair market value due to arbitrage mechanisms.
Q: Has the SEC approved any XRP ETF yet?
A: No XRP ETF has been approved as of now. All filings are pending review. The approval process may take several months and depends on regulatory clarity around XRP’s classification.
Q: Could BlackRock really file for an XRP ETF?
A: While unconfirmed, it's plausible. BlackRock has shown aggressive expansion into digital assets and already leads in Bitcoin and Ethereum ETFs. High investor demand could prompt them to explore XRP.
Q: How might an approved XRP ETF affect the price?
A: Historically, spot ETF approvals have led to significant price increases due to enhanced legitimacy, broader investor access, and inflows from institutional capital. A similar pattern could unfold with XRP.
Q: Is XRP still considered a security by the SEC?
A: The legal status remains partially unresolved. However, recent court rulings have indicated that XRP is not inherently a security when sold to retail investors, though institutional sales were scrutinized.
Final Thoughts: A New Chapter for XRP
The combination of growing ETF interest, improving regulatory signals, and strong investor demand suggests that 2025 could be a transformative year for XRP. With Grayscale taking the first formal step and likely more filings on deck—including potential participation from BlackRock—the path toward a spot XRP ETF appears increasingly viable.
For investors and enthusiasts alike, these developments represent more than just financial opportunity—they signal broader acceptance of digital assets within traditional finance.
As institutional adoption accelerates and regulatory clouds lift, XRP stands at a critical inflection point. Whether you're watching from the sidelines or already invested, now is a crucial time to stay informed.
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