The XRP spot ETF approval process accelerated after the Ripple‑SEC case dismissal, prompting seven issuers to file amended S‑1s and whales to withdraw XRP from exchanges. These moves increased market odds of an XRP spot ETF and pushed short‑term bullish positioning across options and futures markets.
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Seven issuers filed amended S‑1s for a U.S. spot XRP ETF after the Ripple‑SEC dismissal.
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Whale outflows and record CME XRP futures activity signaled institutional positioning ahead of approvals.
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Options flow (Amberdata) and analyst commentary (Bloomberg, CryptoQuant) point to elevated odds for ETF approval by October.
XRP spot ETF approval chances rose after the Ripple‑SEC dismissal; seven issuers filed amended S‑1s — follow market moves and options flow for next steps.
What is the current status of the XRP spot ETF filings?
XRP spot ETF filings were updated by seven issuers on 22 August after the Ripple‑SEC appeal was dismissed. The amended S‑1s — from Bitwise, Canary, CoinShares, Franklin Templeton, Grayscale, WisdomTree and 21Shares — reflect SEC feedback and increase the likelihood of a formal approval timeline.
How did the Ripple‑SEC dismissal affect ETF applications and market positioning?
The Second Circuit’s approval of the joint dismissal removed a major regulatory overhang, prompting issuers to resubmit or amend S‑1 documentation. Bloomberg ETF analyst James Seyffart noted the filings were “almost certainly due to feedback from the SEC,” and ETF Institute co‑founder Nate Geraci called the cluster filings “notable” and a “very good sign.”
Why are whales and options traders important signals for an XRP spot ETF?
Large holders and derivatives traders often position ahead of major regulatory or product developments. CME XRP futures hit record highs and Amberdata showed heavy call‑buying for $4 targets into September and December expiries, indicating market participants expect upward movement if spot ETF approval occurs.
What do on‑chain metrics show about investor behavior after the filing updates?
On‑chain data from CryptoQuant shows whale‑to‑exchange transactions declined, signaling accumulation. Price moved from $2.70 to $3.10 (≈7%) with muted sell pressure — consistent with large holders expecting further upside rather than taking profits immediately.
Frequently Asked Questions
Will the XRP spot ETF be approved soon?
Analysts placed approval odds as high as 95% by October after the Ripple‑SEC dismissal and clustered S‑1 amendments. Market indicators support elevated odds, but final SEC action timing remains uncertain.
Which issuers updated their S‑1s for an XRP ETF?
Seven issuers updated filings: Bitwise, Canary, CoinShares, Franklin Templeton, Grayscale, WisdomTree and 21Shares. These amendments align with SEC feedback and procedural progress.
How are options traders positioning around the XRP ETF story?
Options flow data (Amberdata) recorded heavy call buying targeting $4 expiries in September and December, indicating bullish sentiment among derivatives traders ahead of potential ETF approval.
Key Takeaways
- Legal clearance: The Ripple‑SEC appeal dismissal removed a major regulatory obstacle, prompting amended ETF filings.
- Issuer activity: Seven prominent issuers filed S‑1 amendments—an indicator of coordinated readiness.
- Market signals: Record CME futures, heavy call buying (Amberdata) and whale accumulation (CryptoQuant) point to increased ETF approval odds.
Conclusion
The Ripple‑SEC dismissal materially improved the outlook for an XRP spot ETF, triggering amended S‑1s from seven issuers and clear market positioning from whales and options traders. Investors should monitor SEC correspondence, on‑chain flows and derivatives activity for confirmation of next steps. COINOTAG will continue to track updates and market signals as the approval process unfolds.
Publication date: 2025-08-23 | Updated: 2025-08-23 | Author: COINOTAG
