- Grayscale’s XRP ETF filing brings key updates for investors.
- Bitwise and Grayscale compete in launching cryptocurrency-based exchange-traded funds.
- XRP Trust advances as Grayscale targets growing crypto ETF demand.
Grayscale Investments has just provided a crucial update on its proposed XRP Trust, filing Amendment No. 2 to its Form S-1 Registration Statement with the U.S. Securities and Exchange Commission (SEC) on November 3, 2025.
This filing marks a key development in the company’s ongoing efforts to launch an XRP-based exchange-traded fund (ETF), adding significant clarity to the project.
According to Jack The Rippler (@RippleXrpie), Grayscale’s latest move is a crucial step forward in the company’s plans to offer a regulated investment product based on XRP.
The updated filing addresses several key components of the proposed trust, which is designed to allow both institutional and retail investors to gain exposure to XRP without directly managing the digital asset. Grayscale’s filing comes amid continued regulatory developments that have shaped the landscape for cryptocurrency-related financial products.
Also Read: FTX Withdraws Controversial Motion on Restricted Jurisdiction Procedure
What the Filing Means for the XRP Trust
The updated registration statement provides a clearer picture of how the XRP Trust will be managed. Grayscale Investments Sponsors, LLC, located in Stamford, Connecticut, will oversee the trust, with Edward McGee serving as the Chief Financial Officer.
This structure reflects Grayscale’s continued commitment to operating the trust in compliance with all relevant regulations under the Securities Act of 1933.
One of the key elements of the filing includes further details on the trust’s operational framework, including how it will hold and manage XRP, offering investors a transparent and regulated way to gain exposure to the digital asset.
The trust aims to provide a secure and compliant alternative for those looking to invest in XRP without dealing directly with the complexities of digital asset custody.
Grayscale’s Push for Crypto ETFs: Competitive Landscape
As Grayscale advances its XRP ETF, it faces competition from Bitwise, which has proposed its own XRP ETF with a 0.34% management fee, slightly lower than Grayscale’s 0.35%. Both firms are competing to meet the rising demand for crypto-based ETFs. Grayscale has also set the same 0.35% fee for its Dogecoin ETF.
This fee structure, alongside recent moves from both companies to launch Dogecoin ETFs, signals increased competition in the crypto ETF market. The race to bring these new products to market comes amid growing interest in crypto investment vehicles, especially as both firms recently launched Solana ETFs, which have attracted significant investor interest.
Implications for the XRP Market and Investors
The filing has stirred considerable interest within the XRP community and the broader cryptocurrency market, particularly as it demonstrates Grayscale’s ongoing efforts to bring innovative financial products to the market.
Despite the regulatory hurdles XRP has faced in the past, this move signals confidence in the asset’s future, as the company positions the XRP Trust to meet growing demand for cryptocurrency-based ETFs.
While the filing doesn’t provide immediate regulatory approval from the SEC, it reflects Grayscale’s strategy to continue moving forward with its ETF plans. The success of this initiative could pave the way for similar offerings, allowing more investors to participate in the crypto market through traditional investment vehicles.
As the SEC continues to review the filing, the development of Grayscale’s XRP Trust marks an important step in the evolution of cryptocurrency-related investment products. The outcome of this filing could set a significant precedent for future cryptocurrency ETFs, shaping the market for years to come.
Also Read: Researcher Highlights Ripple’s Advantage Over SWIFT, Stellar, and Algorand in Payments
