XRP Spot ETF Countdown as Final Amendments Expected This Week

• Issuers prepare final XRP Spot ETF filings as SEC deadlines approach in October.
• Grayscale and Bitwise among firms updating ETF applications to meet SEC standards.
• SEC may issue coordinated rulings on XRP and Solana ETFs similar to Bitcoin, Ethereum.

The XRP Spot ETF is approaching a major phase as issuers prepare to submit their final amendments this week. Prospective issuers, including those behind Solana products, are adjusting their filings in line with the U.S. Securities and Exchange Commission’s (SEC) latest listing standards. The outcome of this process could determine whether XXRPRP joins Bitcoin and Ethereum in having a spot ETF approved for the U.S. market.

XRP Spot ETF Filings Near Final Stage

According to a Reuters report cited by Nate Geraci, President of NovaDius Wealth Management, issuers may finalize their XRP Spot ETF filings in the coming days. Since July, applicants have repeatedly amended documents to meet the SEC’s requirements, including changes to how creations and redemptions are structured.

At least seven asset managers, among them Grayscale and Bitwise, submitted updated applications in September. These revisions aimed to increase product flexibility by permitting creation and redemption in XRP, cash, or in-kind. Observers noted that the adjustments responded to targeted requests from the SEC.

SEC Deadlines and Coordinated Decisions

The SEC has several October deadlines that will impact both XRP Spot ETF applications and Solana ETF filings. Grayscale’s request to convert its Solana Trust into a spot ETF carries a final decision date of October 10. Additional rulings on Solana and XRP filings are expected later in the month.

While each application has its own statutory timeline, sources indicate that the SEC could issue a coordinated ruling, similar to its approach with Bitcoin and Ethereum ETFs. Such timing would allow the regulator to announce approvals or denials for multiple products on the same day.

Countdown Toward Potential Approval

Nate Geraci remarked that the countdown to launch has begun, suggesting a near-term outcome for the XRP Spot ETF and its Solana counterpart. Market speculation points to early October as the likely period for SEC decisions, coinciding with the statutory deadlines.

If approved, the XRP Spot ETF would represent the first of its kind for the token, potentially offering new access routes for investors and expanding institutional involvement. The development would also align XRP with other leading digital assets already granted ETF status.

The current wave of amendments is seen as the final step before the SEC delivers its decisions. Both XRP and Solana issuers have been refining their applications since mid-year, responding to evolving regulatory guidance. With deadlines approaching, the SEC’s rulings will determine whether the XRP Spot ETF, alongside Solana’s filings, proceeds to market launch or faces additional delays.