TechFlow, August 23 — According to The Block, asset management firms Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree have filed S-1 amendment documents for XRP spot ETFs. The updated filings modify the structure of certain funds to allow creation in either XRP or cash, and redemption in either cash or in-kind, rather than simple cash-only creation and redemption.
Bloomberg ETF analyst James Seyffart said: "These filings are almost certainly in response to feedback from the U.S. SEC. It's a positive sign, but largely expected."
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