XRP ETF Momentum Builds: Grayscale Moves After SEC Update

Grayscale Investments is accelerating efforts to bring XRP ETF products into mainstream markets, filing a key amendment that signals growing momentum toward the launch of the first Grayscale XRP ETF. The step highlights institutional interest in the regulated exposure to digital assets and indicates a change in approaches to cryptocurrencies.

Grayscale Files Amendment for XRP ETF

On October 10, Grayscale filed Amendment No. 1 of its Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) of its Grayscale XRP Trust, which is a Delaware statutory trust shortly to be renamed Grayscale XRP Trust ETF upon becoming effective. 

The ETF will seek to provide investors with an indirect investment in XRP, the digital currency of Ripple Labs, without the need to invest in and directly control the cryptocurrency. According to the filing:

“Prior to this offering, there has been no public market for the shares. The Trust intends to list the shares on NYSE Arca Inc. under the symbol ‘GXRP.’

According to Grayscale, the stock of the XRP Exchange Traded Funds (ETF) would be issued continuously and be priced on the market value and trading prices of XRP in the NYSE Arca.

Regulatory Shift Boosts XRP ETF Prospects

This is seen by industry experts as a critical move towards introducing XRP into regulated investment platforms. According to Nate Geraci, President of NovaDius Wealth Management the release of XRP Exchange Traded Funds (ETF) seems imminent after the amendments. 

Another batch of S-1 amendments rolling in on spot xrp ETFs…

Bitwise, Franklin, 21Shares, WisdomTree, Grayscale, & Canary.

Several include ticker symbols.

Getting close. pic.twitter.com/TY24kTY6MI

— Nate Geraci (@NateGeraci) October 10, 2025

Although the last approval deadline requirement was followed under the 19b-4 framework as originally scheduled next week, the SEC has apparently requested issuers to withdraw such filings indicating that it needs to approve the funds under generic listing standards a simplified process to regulated ETFs.

Custody and Valuation Plans for XRP ETF

According to the Grayscale XRP ETF filing, Edward McGee is given the position of the chief financial officer of the company, as the top executive. The transfer agent will be the Bank of New York Mellon, whereas the custody of XRP assets would be carried out by Coinbase Custody Trust Company, LLC. 

It will be valued on the Coindesk XRP CCIXber Reference Rate on a daily basis at 4 p.m. New York time. First, share creation and redemption of the XRP Exchange Traded Funds (ETF) shall be in the form of cash transactions, and in the future, in-kind operations are likely to be made possible upon regulatory approval.

Also read: XRP ETF Countdown: Bulls Brace for Breakout as SEC Filings Surge

Grayscale Highlights Risks and Market Potential

Nonetheless, Grayscale warned investors of the risks associated with the volatility of XRP, liquidity and changing regulatory conditions. Nonetheless, supporters suggest that an approved XRP Exchange Traded Funds (ETF) would greatly increase transparency, investor confidence, and institutional involvement in the overall crypto market.

In the case of approval, the Grayscale XRP Exchange Traded Funds (ETF) would be a historic step of XRP to become one of the leading digital assets and to establish a new phase in the process of cryptocurrency integration in conventional finance.

Also read: Grayscale’s Ripple XRP ETF Under SEC Scrutiny – What’s at Stake?

Conclusion

Based on the latest research, Grayscale’s XRP ETF initiative could play a defining role in bridging traditional finance with digital assets. With the increased regulatory clarity and the institutional demand still gaining ground, the introduction of this ETF can become the turning point of XRP mainstream adoption.
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Summary

Grayscale Investments is fast-tracking the launch of its Grayscale XRP Trust ETF, aiming to offer investors regulated exposure to XRP without direct ownership. The company submitted an amended Form S-1 to the U.S. SEC in a proposal to list the shares on NYSE Arca under the symbol GXRP. Analysts believe that the XRP Exchange Traded Funds (ETF) will enhance transparency, institutional investors will enter, and a significant milestone will be made in integrating XRP into the mainstream financial market.

Glossary of Key Terms

Grayscale Investments:  A major digital asset manager offering regulated crypto investment products like Bitcoin and XRP trusts.

XRP ETF:  An exchange-traded fund giving investors indirect exposure to XRP without owning the token.

Grayscale XRP Trust ETF:  Grayscale’s upcoming ETF designed to track XRP’s price and trade under ticker GXRP.

Form S-1:  A registration document filed with the SEC before offering securities publicly.

SEC (Securities and Exchange Commission):  The U.S. regulator overseeing securities and crypto ETF approvals.

NYSE Arca:  A U.S. stock exchange where Grayscale plans to list its GXRP Exchange Traded Funds (ETF).

19b-4 Framework:  A prior SEC process for ETF approvals, now replaced by generic listing standards.

Edward McGee:  Chief Financial Officer at Grayscale Investments, overseeing the XRP ETF.

Volatility Risk:  Price fluctuation risk affecting XRP and ETF performance.

Liquidity:  Ease of buying or selling XRP without major price impact.

Frequently Asked Questions about XRP ETF

1. What is the Grayscale XRP ETF?

It’s a proposed fund offering indirect exposure to XRP without direct token ownership.

2. When was the XRP ETF filed?

Grayscale filed the amended Form S-1 with the SEC on October 10.

3. Where will it be listed?

The ETF will trade on NYSE Arca under the symbol GXRP.

4. Why does it matter?

It could boost transparency, investor confidence, and XRP’s mainstream adoption.

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