Amplify Investments seeks regulatory green light for an XRP ETF, becoming the 17th applicant and demonstrating heightened institutional interest in the digital currency.
Amplify Investments has officially requested permission from the U.S. Securities and Exchange Commission (SEC) to launch a novel exchange-traded fund (ETF) centered on XRP, the digital asset associated with Ripple. The proposed fund, known as the Amplify XRP Monthly Option Income ETF, aims to provide investors with a way to generate income through XRP, while also pursuing capital appreciation. The fund intends to employ a covered call strategy to produce income from its XRP holdings.
Surge in XRP ETF Filings Reflects Growing Investor Appetite
This application is part of a larger trend where numerous firms are exploring the development of XRP-linked financial products. Prominent companies like Grayscale, Bitwise, and 21Shares have also submitted applications for ETFs based on XRP, alongside other popular cryptocurrencies like Litecoin, Solana, and Dogecoin. These ETFs aim to simplify access to digital assets, eliminating the need for direct ownership of the cryptocurrencies themselves.
Related Reading: SEC Pushes Back Decision on WisdomTree XRP ETF to October 2025 | Live Bitcoin News.
The success of Bitcoin and Ethereum ETFs in recent years has been undeniable, attracting billions of dollars in investor funds. The positive performance of these ETFs has fueled increased interest in other cryptocurrencies, including XRP. In fact, a total of 17 ETF applications for XRP have now been filed, including seven spot ETF proposals from major asset management firms. This indicates a growing demand for XRP investment products.
As of today, XRP’s price stands at $2.82, according to CoinMarketCap. While the pace of XRP ETF filings may have slowed, they still reflect underlying confidence in the cryptocurrency’s long-term potential. Analysts speculate that the SEC might approve some of these applications by October 2025, potentially unlocking further interest and investment in XRP.
Many investors are keenly observing a potential XRP breakout. Despite facing challenges such as legal battles, XRP Ripple remains one of the most widely used cryptocurrencies. Widespread adoption could further accelerate if the SEC approves additional XRP-based financial products, giving retail and institutional investors easier avenues to participate in the XRP market.
Grayscale and Competitors Refine XRP ETF Applications for SEC Review
Adding to the narrative of growing XRP interest, Japanese gaming and blockchain company Gumi recently announced its acquisition of approximately 2.5 billion yen worth of XRP. This demonstrates that attention to XRP’s potential extends beyond the traditional financial sector. Gumi plans to leverage XRP to enhance its blockchain initiatives and facilitate cross-border payment solutions.
On August 22, 2025, seven major asset managers submitted updated applications to the SEC for spot XRP ETFs. Among these companies were Grayscale, CoinShares, and Franklin Templeton. These revisions suggest that these firms are actively addressing concerns raised by the SEC regarding the structure and redemption mechanisms of XRP ETFs, signaling increased chances of SEC approval in the near future.
XRP ETFs would represent a significant step forward for the cryptocurrency, providing investors with a simpler way to gain exposure to XRP without needing to directly purchase and store the coins. This could also attract more institutional investors seeking regulated and convenient ways to invest in the cryptocurrency space.
In conclusion, the Amplify Investments filing underscores the growing momentum and future potential surrounding XRP. With an increasing number of companies like Gumi and major asset managers investing in and leveraging XRP, the cryptocurrency is poised to play an increasingly important role in the financial landscape.