Crypto analyst Zach Rector recently addressed a significant point regarding Ripple’s past and current sales of XRP and how these developments could influence the structure of future exchange-traded funds (ETFs). In his commentary, Rector noted that although he is not a legal expert, his understanding is that Ripple had already restructured its ongoing sales of XRP during the course of its legal dispute with the Securities and Exchange Commission (SEC) . This restructuring was designed to avoid the “investment contract” classification that Judge Analisa Torres previously applied to institutional sales of the asset. Rector highlighted that despite these changes, an injunction remains in place on those specific institutional sales. This detail carries weight, as it may restrict how potential ETF issuers can source XRP for a spot-based product. According to his assessment, ETF issuers will not be permitted to buy directly from Ripple under the current legal framework. I'm not the legal expert but maybe someone who is can chime in. My understanding is that Ripple already restructed ongoing sales of XRP during the lawsuit to avoid the "investment contract" that Torres found in institutional sales. The injunction on those sales remains in place… — Zach Rector (@ZachRector7) September 8, 2025 ETF Supply Channels Given the restrictions on direct purchases from Ripple, Rector explained that ETF issuers would likely turn to centralized exchanges and over-the-counter (OTC) desks as sources of XRP supply for their products. This creates an additional layer of interest around current market flows, as recent data has shown that XRP has been leaving exchanges at an accelerated pace. Rector acknowledged that a portion of these outflows can be attributed to individual investors moving XRP into self-custody solutions. However, he also speculated that some of the recent movement may be connected to ETF issuers quietly securing the necessary supply ahead of a potential launch. He suggested that this could be preparation for what he referred to as a “big Go Live moment” expected next month, when ETF products tied to XRP could begin trading. Legal Expert Commentary from Fred Rispoli In response to Rector’s observations, legal expert Fred Rispoli provided clarification on the matter. Rispoli confirmed that Ripple had indeed restructured its sales practices. He explained that sales that were not considered blind bids, such as retail transactions that Judge Torres found acceptable, were adjusted in line with Ripple’s strategy during the legal process. Rispoli pointed out that Ripple itself confirmed this change in briefing documents submitted to the court. However, he noted that the specifics of how Ripple altered these sales, as well as the legal soundness of such changes, remain unknown to the public. Despite this uncertainty, Rispoli emphasized that the current political and regulatory climate makes it highly unlikely that the SEC would pursue new litigation against Ripple. He referenced the new administration and its approach to financial oversight, suggesting that the SEC under this environment is more likely to avoid aggressive enforcement actions. According to Rispoli, if any issues surrounding Ripple’s restructured sales were to emerge, they would most likely be resolved privately through non-public negotiations rather than formal legal action. He described this as the typical approach under the current regulatory conditions. Market Overview The exchange between Rector and Rispoli underscores the intersection of legal considerations, market structure, and potential institutional demand for XRP through ETFs. If Rector’s speculation proves accurate, ETF issuers could already be positioning themselves by sourcing XRP in advance, contributing to the observed withdrawals from exchanges. The fact that direct purchases from Ripple are off the table for such issuers reinforces the importance of secondary market activity. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 As the industry anticipates the possible approval and launch of XRP ETFs, the market will continue to watch both the legal framework governing Ripple’s sales and the movement of XRP across exchanges. While full clarity on Ripple’s sales restructuring remains limited, the combined insights from market analysts and legal experts provide a developing picture of how ETFs could shape demand for XRP in the near future. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert Opinion: Ripple Already Restructured Ongoing Sales of XRP appeared first on Times Tabloid .
