Grayscale Investments has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission seeking approval for a spot exchange-traded fund linked to XRP, the cryptocurrency associated with Ripple. The filing, dated 22 August, positions Grayscale to launch what would be the first U.S. XRP ETF if the SEC grants clearance. Earlier the same day, Swiss-based 21Shares also registered an XRP ETF in Delaware, signaling mounting industry interest in adding the token to the roster of single-asset crypto funds in the United States. XRP is currently the fifth-largest digital currency by market value. The twin filings come amid heightened competition among asset managers to broaden crypto offerings following recent approvals of spot bitcoin and ether ETFs. SEC review periods typically extend several months, and the agency has yet to indicate a timeline for decisions on the new XRP proposals.