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Grayscale, Bitwise and Others File Updates for Spot XRP ETFs

by admin August 23, 2025

Several leading asset managers, including Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree, filed amended proposals on Friday for their planned spot XRP exchange-traded funds.

The cluster of filings underscores the growing push from financial firms eager to win approval from the U.S. Securities and Exchange Commission (SEC).

Bunch of XRP ETF filings being updated by issuers today. Almost certainly due to feedback from SEC. Good sign, but also mostly expected pic.twitter.com/GiSL1kc6lt

— James Seyffart (@JSeyff) August 22, 2025

Analysts view the coordinated submissions as a direct response to regulatory input. “[The filings were] almost certainly due to feedback from SEC,” Bloomberg ETF analyst James Seyffart wrote on X. “Good sign, but also mostly expected.”

The new amendments reveal adjustments in fund structures. Instead of allowing only cash creations and redemptions, the updated versions now provide for XRP or cash creations and both cash or in-kind redemptions. Market observers say these tweaks may help address concerns raised by the regulator.

Nate Geraci, president of NovaDius Wealth, emphasized the importance of the simultaneous filings. “Highly notable to see them cluster like this,” he wrote on X. “Very good sign IMO.”

S-1 amendments rolling in today on spot xrp ETFs…

Canary, CoinShares, Franklin, 21Shares, WisdomTree, & Bitwise so far.

Highly notable to see them cluster like this.

Very good sign IMO. pic.twitter.com/Ee7ZPdBuPW

— Nate Geraci (@NateGeraci) August 22, 2025

Broader ETF Momentum

The SEC has not yet approved a spot XRP ETF, though both spot and futures-based proposals are being considered. Industry analysts believe the cluster of filings highlights issuers’ determination to adapt to regulatory expectations, which could eventually bring an approval closer.

Notably, BlackRock, which already manages the largest spot Bitcoin and Ethereum ETFs, has not filed for an XRP product. The company told The Block earlier this month it has no current plans to launch one.

Meanwhile, the broader ETF landscape continues to expand. Recently, VanEck filed with the SEC to launch the first exchange-traded fund built around JitoSOL, a token on the Solana blockchain. The Form S-1 filing aims to give investors access to Solana’s liquid staking market without requiring them to hold the tokens directly.

Amid Friday’s wider market rally, XRP gained 7% to trade at $3.08 at the time of publication.

Also Read: SEC Extends Review of Nine Crypto ETF Filings Into October

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August 23, 2025 0 comments

Crypto Trends

Invesco, Galaxy File For Spot Solana ETF As 9th Bidder

by admin June 26, 2025

Nine asset managers are now looking to launch an exchange-traded fund (ETF) tracking Solana, with Invesco the latest to join the bidding as the firm looks to push products beyond Bitcoin and Ethereum.

In a regulatory filing on Wednesday, Invesco and Galaxy Digital put forward the Invesco Galaxy Solana ETF, which aims to track the spot price of Solana (SOL), currently the sixth-largest cryptocurrency by market cap.

It’s the ninth filing for a Solana-tracking ETF, joining bids from the likes of VanEck, Bitwise and crypto ETF giant Grayscale.

The firms are looking to test the market’s appetite for so-called altcoins after the big success of Bitcoin (BTC) ETFs launched in early 2024 and milder wins for funds tied to Ether (ETH) that launched later that year.

The Trump administration has promised to ease regulations on crypto, setting off a wave of optimism through the sector that has seen Bitcoin hit new highs and triggered a slate of public companies to collectively raise billions to invest in Bitcoin long-term.

Invesco Galaxy fund to directly hold Solana

Invesco and Galaxy’s filing, a Form S-1 registration statement that tells the Securities and Exchange Commission it plans to launch a security, lays out that the planned ETF plans to directly hold Solana — the same as other competing ETFs.

If approved by the regulator, the ETF would trade on the Cboe BZX exchange under the ticker “QSOL.”

The firms will need to submit what’s called a Form 19b-4, which records a rule change with the SEC, for the agency to begin the process of considering approving the ETF.

This is a developing story, and further information will be added as it becomes available.

Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin

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June 26, 2025 0 comments

GameFi Guides

U.S Feds File to Seize $225M in Largest Crypto Bust

by admin June 18, 2025

Federal agents in the U.S. have filed to seize over $225 million in cryptocurrency. This is the largest crypto amount to be seized in the history of the U.S. Secret Service. The civil forfeiture complaint was filed in the U.S. District Court for the District of Columbia

The case targets crypto tied to scams that tricked victims into fake investment schemes, according to a statement from the U.S. Attorney’s Office. This was after a joint investigation by the U.S. Secret Service, FBI, and the U.S. Attorney’s Office.

The report said they used blockchain analysis to track down the stolen funds. The fund was hidden across hundreds of thousands of transactions, which were done on purpose to confuse the authorities and also make it untraceable. However, the agents were able to follow the trails and freeze the wallets linked to the fraud. These wallets were part of a global scam network that helped criminals wash and move stolen money.

Officials say the funds were tied to “Cryptocurrency confidence Scams,” where victims were persuaded to invest in some deal that had to do with cryptocurrency. Millions of people in the U.S lost their money, and over 400 others around the world.

“These scams prey on trust, often resulting in extreme financial hardship for the victims.” Secret Service Special Agent Shawn Bradstreet said. Meanwhile, U.S. Attorney Jeanine Pirro said her team is leading the charge to stop crypto scams.

In a short post on X, she wrote, “Under my leadership, with the support of President Trump and Attorney General Bondi, the U.S. Attorney’s office for the District of Columbia is taking a leading role in the fight against crypto-confidence scams, partnering with law enforcement throughout the country to seize and forfeit stolen funds and rip them from the hands of foreign criminals, all with the eye toward making victims whole.”

The Justice Department stated the goal now is to go after the networks behind these scams and return the stolen assets to the victims.

Also Read: US Senators Ramp Up Discussions on New Crypto Market Bill

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June 18, 2025 0 comments

GameFi Guides

SEC and Ripple File for Settlement Agreement

by admin June 12, 2025

The proposed $125M resolution
Ripple-SEC joint filing suggests regulatory change

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new, important step, according to a post by Fox Business journalist Eleanor Terrett.

The two parties have requested that the Manhattan District Court approve an injunction and free a $125 million civil penalty that has been in escrow. The step is an indication that the long-standing conflict might be coming to an end.

The proposed $125M resolution

In the proposal, it is also planned that $50 million would be paid to the SEC, and the rest, $75 million, would be returned to Ripple. This is one motion brought before Judge Analisa Torres of the Southern District of New York in a move to have the case settled and prevent the appeals that are pending and any further litigation.

The document, labeled as Case 1:20-cv-10832-AT-SN, was filed through the electronic filing system of the court.

Source: Eleanor Terrett

Before the resolution of this Ripple case, the XRP token, which is associated with Ripple, experienced a massive decline in price. The value of XRP will likely increase with a settlement. The investors that have been hesitant to join the market may now be more comfortable, with a brighter future ahead of them.

The possibility of cash flow back to Ripple also implies that the company would be able to reinvest in their business, which will further enhance innovations and developments in the blockchain sector. This would also bring new opportunities to the investors, as a renewed Ripple would further grow its payment solutions internationally, resulting in higher demand for XRP.

Ripple-SEC joint filing suggests regulatory change

Although the court has not granted this motion, the fact that the two sides filed a joint request is already an indication of good cooperation between Ripple and the SEC. Should it succeed, it may become a precedent on how cryptocurrency-based companies can deal with regulatory issues and provide a blueprint to other companies in the field.

BlackRock to File for Spot XRP ETF Today: Fact Check

by admin June 2, 2025

A couple of users on X recently claimed that BlackRock, the world’s largest asset manager with $11 trillion AUM, would file for a spot XRP ETF today, June 2. Now, all eyes are on the SEC filings page to check out any new filings by BlackRock.

Blackrock rumored to file for XRP ETF | Source: X

The claim that Blackrock would fill for XRP isn’t just trending for the first time. Last two weeks, a similar rumor spread that the company was planning to invest $9 trillion in XRP, but these claims came out to be false. At the moment, BlackRock would probably not consider an XRP ETF because of the legal issues that Ripple has with the U.S. Securities and Exchange Commission (SEC).

Furthermore, there was another rumor back in April 2025 about the same supposed XRP Trust filing that turned out to be fake as well. This pattern of unconfirmed claims has been consistent in the XRP community, but there’s no hard evidence to support them.

BlackRock currently holds billions in Bitcoin and Ethereum ETF assets that have a clearer path under U.S. regulation. The CEO Larry Fink has spoken positively about Bitcoin in the past, but he has never mentioned XRP. Even BlackRock’s head of ETFs has said they are not focused on altcoins like XRP.

Meanwhile, other asset managers like Franklin Templeton are still waiting on the SEC’s decision on their proposed spot XRP ETF. Last week, the SEC delayed its decision on products filled by 21 shares and Grayscale investment and set a new deadline for June 17. This is just to review the application properly and confirm that it reached the regulatory standard

So, BlackRock filing for an XRP ETF is very unlikely to happen. Until BlackRock releases a public statement or submits a real filing, it’s safe to say this is just another round of crypto space rumors.

Also Read: Ripple’s XRP, RLUSD Enter Europe, Brazil Cross-Border Payments

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June 2, 2025 0 comments

Crypto Trends

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

by admin May 23, 2025

Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement funds.

Republican state Representative Bill Schuette introduced House Bill 4510 on May 21, which would amend Michigan’s Public Employee Retirement System Investment Act to allow the state treasurer, currently Rachael Eubanks, to invest in cryptocurrencies that have averaged a market cap above $250 million over the last calendar year.

Bitcoin (BTC) and Ether (ETH) are the only cryptocurrencies that currently meet that threshold. The bill adds that any cryptocurrencies must be held in the form of an exchange-traded product issued by a registered investment company.

A similar bill was introduced in February, permitting the state treasurer to allocate up to 10% of Michigan’s Budget Stabilization Fund into crypto.

Republican Representative Bryan Posthumus led the introduction of the second bipartisan crypto bill on May 21, HB 4511, which would prohibit Michigan from banning crypto or imposing licensing requirements on crypto holders. It would also prohibit state officials from advocating or supporting a proposed CBDC from the federal government.

The bill defines advocating or supporting a CBDC to involve issuing a memorandum or official statement endorsing a CBDC proposal related to its testing, adoption or implementation.

Source: Bitcoin Laws

Michigan to consider two crypto mining bills

HB 4512, the third crypto bill introduced by a bipartisan group led by Democratic Representative Mike McFall, would create a Bitcoin mining program allowing operators to set up at abandoned oil and gas sites.

A supervisor would be assigned to determine how much oil or gas could reasonably be expected to be produced from the site, who the last operator of the site was and how long it has been left unused.

Related: US Senate moves forward with GENIUS stablecoin bill

Those seeking to participate in the program would need to submit legal documents outlining their organizational structure, demonstrate their ability to operate as a Bitcoin mining entity and provide estimates of the breakeven price for a profitable venture.

The fourth bill, HB 4513 — also filed by a McFall-led bipartisan group — would amend Michigan’s income tax laws to include income obtained from the proposed Bitcoin mining program.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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May 23, 2025 0 comments

Game Updates

Fortnite’s AI Darth Vader hasn’t just created problems for Epic by being Jedi mind-tricked into saying bad words, it’s led SAG-AFTRA to file an unfair labour practice charge

by admin May 20, 2025

Late last week, Fortnite got a Darth Vader chatbot you can squad up with and have stilted AI-powered conversations that use James Earl Jones’ actual voice. It’s not just said a bunch of stuff it wasn’t supposed to – it’s now led the SAG-AFTRA union to file unfair labour practice charge.

If you weren’t around last week, Epic quickly had to issue a patch to the bot – which has been made with the approval of deceased Vader VA Jones’ family – not long after it was released into the wild, because players had managed to get it to say stuff it shouldn’t. You know, swears, slurs, and chatter about breasts.

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Fast forward to last night, when voice acting union SAG-AFTRA issued a statement on the AI Vader bot, challenging Epic on it being a thing and revealing that it’s filed an unfair labour practice charge with the US National Labour Relations Board.

“We celebrate the right of our members and their estates to control the use of their digital replicas and welcome the use of new technologies to allow new generations to share in the enjoyment of those legacies and renowned roles,” the union wrote, acknowledging Jones’ estate having approved the bot, “However, we must protect our right to bargain terms and conditions around uses of voice that replace the work of our members, including those who previously did the work of matching Darth Vader’s iconic rhythm and tone in video games.

“Fortnite’s signatory company, Llama Productions, chose to replace the work of human performers with A.I. technology. Unfortunately, they did so without providing any notice of their intent to do this and without bargaining with us over appropriate terms. As such, we have filed an unfair labor practice charge with the NLRB against Llama Productions.”

VG247 has reached out to Epic for comment.

So, we’ll have to see what, if anything comes of the union challenging Llama Productions over allegedly not providing it notice of its plans to use AI to create AI Vader. It’s yet another chapter in the union and many voice actors’ efforts to secure protections against the use of AI to mimic voices, which it’s been argued presents an existential threat to their profession.

After all, as the union argues here, getting another actor to deliver voice lines for Fortnite Vader that sound like Jones would have been an alternative option to using AI her. Though as I’ve said, Epic and Llama did secure the right permission from those representing the AI-emulated actor’s interests.

How do you feel about AI Vader? Let us know below.

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May 20, 2025 0 comments