The race to launch a spot XRP exchange-traded fund (ETF) is heating up after several major asset managers, including Grayscale, Bitwise, CoinShares, Franklin, 21Shares, Canary, and WisdomTree, filed updated applications with the U.S. Securities and Exchange Commission (SEC). The coordinated timing suggests these firms are working directly off regulator feedback, aiming to position themselves closer to approval.
This wave of updates has sparked fresh debate in the crypto market. Analysts argue that while the SEC has yet to greenlight a spot XRP ETF, these revisions mark an important step forward. Bloomberg’s James Seyffart described the changes as “a good sign, but largely expected,” highlighting that the adjustments were almost certainly in response to SEC demands.
A Shift in ETF Structures
One of the most notable updates is the inclusion of both XRP and cash for fund creations and redemptions, replacing the earlier cash-only structure. Market watchers see this as a technical adjustment that could make the products more flexible, potentially removing one of the barriers to SEC approval. Nate Geraci, president of NovaDius Wealth, went as far as calling the simultaneous revisions “remarkable,” noting that the unified response signals a deeper level of engagement with regulators.
Competitive Pressure Mounts
Even with multiple firms in the mix, the absence of BlackRock — already a leader in spot Bitcoin and Ethereum ETFs — has not gone unnoticed. BlackRock’s entry into the XRP race would add significant weight, but its silence so far leaves room for smaller players to gain an early edge. For now, the filings highlight a growing battle among issuers eager to secure first-mover advantage.
MAGACOIN FINANCE Momentum Accelerates
As investors weigh the potential of a spot XRP ETF, attention is also shifting to new opportunities like MAGACOIN FINANCE. The project has been drawing both retail and whale investors, with momentum rising sharply and record-breaking participation in early rounds. Analysts suggest that securing an allocation before MAGACOIN FINANCE reaches larger exchanges could deliver outsized returns, similar to the explosive early runs of SHIBA INU and DOGECOIN. With limited access tightening, the clock may be ticking for those looking to position early.
What’s Next for XRP?
The updated filings underscore how close the market may be to a breakthrough moment for XRP ETFs. While approval isn’t guaranteed, the coordinated moves by asset managers reflect growing optimism that the SEC is actively shaping the path forward. If greenlit, such a product could inject billions in liquidity and open the door to mainstream adoption for XRP.
For investors, the message is clear: the ETF race is accelerating, and both established assets like XRP and emerging players such as MAGACOIN FINANCE are creating new opportunities in the evolving crypto landscape.
To learn more about MAGACOIN FINANCE, visit:
Website: https://magacoinfinance.com
Access: https://magacoinfinance.com/access
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
