Ripple’s Approval of SEC Changes
In a significant advancement for the cryptocurrency industry, Ripple’s Chief Legal Officer, Stuart Alderoty, has expressed his approval regarding the recent changes made by the U.S. Securities and Exchange Commission (SEC) concerning crypto exchange-traded funds (ETFs). These new regulations simplify the process for stock exchanges like Nasdaq and the New York Stock Exchange to list crypto ETFs, enabling them to operate under a unified set of guidelines rather than submitting individual applications for each fund. This regulatory shift is expected to enhance the accessibility of cryptocurrencies as investment options for consumers, integrating them into traditional financial markets more seamlessly.
Importance of Clear Listing Standards
Alderoty emphasized the importance of these changes, arguing that clearer listing standards for crypto ETFs are essential not only for effective regulation but also for fostering investor confidence among Americans. This regulatory update follows the recent introduction of the first spot XRP ETF in the United States, alongside the SEC’s endorsement of the Grayscale Digital Large Cap Fund (GDLC).
Launch of New ETFs
In related developments, Rex Osprey, a digital asset management firm, recently launched XRPR and DOJE, two ETFs that provide U.S. investors with direct exposure to spot XRP and Dogecoin. The initial response has been overwhelmingly positive, with XRPR achieving a remarkable trading volume of $37.7 million on its first day, surpassing any previous ETF launches from 2025, according to Bloomberg analyst Eric Balchunas. In a remarkably short span, the Rex XRP ETF recorded $24 million in trading volume within just 90 minutes, a fivefold increase compared to the debut figures of previous XRP futures ETFs.
Future Outlook for Crypto ETFs
Balchunas notes that such heightened interest may bode well for the upcoming influx of 33 Act ETFs, particularly as the SEC has recently approved broader listing standards that will facilitate the entry of more spot crypto ETFs into the market. As long as these ETFs include futures available on Coinbase—which has about a dozen to fifteen applicable cryptocurrencies—they’ll qualify for listing. Additionally, the GDLC, which incorporates XRP within its portfolio, is set to start trading under the new ticker Grayscale CoinDesk Crypto 5 ETF. The rapid developments in this sector suggest an accelerating momentum towards mainstream acceptance of cryptocurrency investment tools.
