Grayscale, Bitwise, and several other asset management firms have submitted revised S-1 filings for XRP spot ETFs. The updated documents, reported on August 23rd, modify the structure of some funds to allow for the creation of XRP or cash, and redemptions in cash or in-kind. This change is seen as a response to feedback from the SEC, according to ETF analyst James Seyffart from Bloomberg. The firms involved in the revised filings include Canary, CoinShares, Franklin, 21Shares, and WisdomTree. These adjustments are viewed as a positive step towards regulatory approval, although they were largely anticipated by industry observers.