Pro-XRP lawyer John Deaton raised awareness to a dip in XRP’s price this week as several ETF issuers updated S-1 filings with ticker symbols, a move that market watchers say brings the products closer to launch even as a US government shutdown slows regulatory work.

According to price feeds, XRP traded around $2.57 at the time of reporting, up 7.5% for the day after tumbling to $1.20 over the weekend and staging a recovery of more than 100%.

ETF Filings Move Forward

Based on reports from ETF watchers, amendments have gone in for a number of spot XRP ETF applications. ETF analyst Nate Geraci posted that firms including Grayscale, Bitwise, Franklin Templeton, 21Shares, WisdomTree and Canary Capital filed updates.

Some documents now list ticker symbols — Grayscale’s would be GXRP, Fra

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