Several publishers, including Grayscale, have submitted revised applications for the XRP spot ETF to add support for the creation and redemption of XRP

ChainCatcher news, August 23, asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree all submitted updated statements for their proposed spot XRP ETF this Friday, further indicating the financial firms' eagerness to obtain listing approval from the U.S. Securities and Exchange Commission.

Bloomberg ETF analyst James Seyffart stated that the emergence of these applications is almost certainly due to feedback received from the SEC. This is a good sign, but also basically expected.

The updated documents seem to change the structure of some funds, allowing for XRP or cash creation as well as cash or physical redemption, rather than just cash creation and redemption.