Ripple filed a 20-page letter on October 20 supporting the SEC’s proposed crypto-asset regulatory framework while requesting changes. Its advocacy could clarify issuer obligations, token classifications and secondary-market transactions, although it does not currently alter XRP’s legal status. US spot XRP ETFs recorded net outflows of about $1.84 million during the week ended October 16, ending a 13-week inflow streak, before registering no net flow on October 20 despite roughly $920,800 in inflows the previous day. Cumulative net inflows remained close to $1.81 billion. XRP-focused digital asset treasury company Evernorth also completed its merger with Armada Acquisition Corp. II and entered Nasdaq under the XRPN ticker, creating a new potential channel for institutional participation.
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