XRP Rallies on Ripple SEC Push as ETF Outflows Cloud Evernorth Debut

Ripple filed a 20-page comment letter on October 20 supporting the SEC’s proposed Regulation Crypto Assets while requesting changes, as the public comment period closed. The proposal aims to clarify when federal securities laws apply to crypto-related offerings; the SEC has not finalized it, and Ripple’s filing does not itself change XRP’s legal status. US spot XRP exchange-traded funds recorded no net flows on October 20 after roughly $920,800 in inflows a day earlier, following about $1.84 million in outflows for the week ended October 16 that ended a 13-week inflow streak; cumulative inflows were near $1.81 billion. Evernorth, an XRP-focused digital asset treasury company, completed its combination with Armada Acquisition Corp. II in October and began Nasdaq trading under XRPN.