TL;DR
- Following the latest delays by the US Securities and Trade Fee, a number of filings for Ripple ETFs have been up to date by the businesses behind them.
- The asset’s value has additionally staged a outstanding restoration following the latest native backside, particularly after yesterday’s replace on the authorized case in opposition to the securities regulator.
ETF Updates
Recall that simply earlier this week, the SEC delayed making a choice on a number of XRP ETF purposes filed by firms corresponding to Bitwise, Canary, Coinshares, and Grayscale. These entities have been fast to reply, based on Bloomberg’s ETF knowledgeable James Seyffart, as they’ve already up to date their respective filings.
He believes that is “nearly definitely” as a result of suggestions obtained by the Fee. The cryptocurrency neighborhood is conversant in this course of, because the BTC and ETH ETF issuers needed to endure primarily the identical procedures earlier than their respective funds noticed the sunshine of day. Consequently, Seyffart categorized these updates as a “good signal, but additionally principally anticipated.”
Bunch of XRP ETF filings being up to date by issuers at the moment. Nearly definitely because of suggestions from SEC. Good signal, but additionally principally anticipated pic.twitter.com/GiSL1kc6lt
— James Seyffart (@JSeyff) August 22, 2025
Fox Enterprise’ Eleanor Terrett shared Seyffart’s publish, including that these updates “make sense” to be achieved now, as the brand new deadline for the SEC is about for October, and it’s approaching quick.
SEC Authorized Case and XRP Strikes
Ripple and the SEC had one other interplay yesterday. As reported, the Second Circuit lastly permitted the 2 events’ joint stipulation of dismissal, which was filed earlier in August. In accordance with specialists, that is most probably the ultimate step wanted earlier than the official conclusion of the case. The duo had filed such dismissals previously as properly, however Choose Torres denied them at first.
XRP’s value reacted instantly to the information yesterday. The asset had tumbled to a multi-week low of underneath $2.80 however skyrocketed to $3.10 inside minutes. It’s price noting that it additionally benefited from the general market revival following the Jackson Gap speech by Fed Chair Jerome Powell.
Regardless of retracing barely since that native peak, XRP nonetheless trades above $3.00, which is a vital support-turned-resistance-turned-support degree.
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