As the Ripple vs. Securities and Exchange Commission (SEC) case reached its final stage, spot exchange-traded funds (ETFs) linked to XRP are back in play.
Leading ETF issuers such as Franklin Templeton (NYSE: BEN), Grayscale, Bitwise, Canary Capital, CoinShares, 21Shares, and WisdomTree updated their XRP ETF filings on Aug. 22, Bloomberg ETF analyst James Seyffart highlighted on X. He added:
“Almost certainly due to feedback from SEC. Good sign, but also mostly expected.”
The updates request the SEC to allow some of the ETFs to have XRP or cash creations and cash or in-kind redemptions instead of cash creations and redemptions only.
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The SEC is yet to approve spot XRP ETFs even though it allowed funds linked to Bitcoin and Ethereum to trade in the U.S. months ago.
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So far, the only XRP ETFs in the U.S., issued by Teucrium, ProShares, and Volatility Shares, are derivative products.
The latest development comes amidst the court approving the joint stipulation of dismissal of appeals filed by both Ripple and the SEC on Aug. 22, bringing the years-long legal saga to its conclusion.
Though the legal news sparked a brief XRP rally that pushed its price to $3.10, the cryptocurrency fell to $3.01 at the time of writing.
XRP is the third-largest cryptocurrency, which has a market capitalization of around $180 billion. The crypto asset’s price is still more than 20% lower than the all-time high (ATH) of $3.84 that it hit on Jan. 4, 2018.
This story was originally reported by TheStreet on Aug 23, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.