XRP ETF Push Continues: Grayscale Files Updated Amendment To The US SEC – Approval Ahead?

With a Solana Spot ETF now in the market, prominent figures and companies are significantly pushing for an XRP Spot ETF, considering it the next big thing for the crypto ￰0￱ the approval date draws closer, several companies , such as Grayscale, are refining their regulatory ￰1￱ Sharpens Its XRP ETF Strategy Given the wave of fresh applications, the race for an XRP Spot Exchange-Traded Fund (ETF) continues to heat up in the crypto ￰2￱ of the most recent moves to ensure that the funds secure an approval from the United States Securities and Exchange Commission (SEC) is being carried out by Grayscale , a leading asset management ￰3￱ has officially reignited a frenzy in the investment landscape after filing an updated amendment for its proposed XRP Spot ￰4￱ Squire, a crypto influencer and investor, reported that bold move, which suggests that it is actively improving its regulatory ￰5￱ added that “the walls are closing in, and mainstream adoption is inevitable” for the ￰6￱ the heightened industry scrutiny around the SEC’s cryptocurrency-related judgments, the amended proposal indicates corporations are making a strong effort toward the ￰7￱ is worth noting that the US SEC is expected to pass its decision regarding the fund within this ￰8￱ an approval from the regulatory body is certainly not assured yet, the move to file for an amendment underscores Grayscales’ conviction that the spot ETF launch is not a question of if, but rather ￰9￱ submission states that the trust’s goal is to provide investors with exposure to XRP through shares that follow the market value of the digital ￰10￱ to the filing , the trust is set up in accordance with Delaware law and, subject to regulatory permission, intends to list on NYSE Arca under the symbol ￰11￱ connection with the formation and redemption of Baskets, the Trust is now allowed to accept Cash Orders (as defined above), under which an Authorized Participant will deposit cash into or accept cash from the Cash Account.

Furthermore, XRP will be obtained or received in exchange for cash in connection with such an order by a third party (a Liquidity Provider) that is not an agent of or working in any other capacity on behalf of such an Authorized Participant. A Game-Changing Initiative For The Altcoin Currently, the idea of an XRP Spot ETF is sending shockwaves throughout the ￰12￱ crypto enthusiasts now believe that the US SEC will grant approval to the anticipated fund by this month, a move that will change the course of the ￰13￱ to Ripple Bull Winkle, the XRP Spot ETF is going live 100% on November 13. “The wait is over, the floodgates are opening,” the expert ￰14￱ Bull Winkle highlighted that institutional capital is about to pour into the altcoin in an unprecedented manner, which is what the market has been waiting for.