XRP Spot ETF Approval: The "Final Nail in the Coffin" for Crypto Skeptics?
The cryptocurrency industry is abuzz with anticipation as a significant milestone looms: the potential approval of a Spot XRP Exchange-Traded Fund (ETF) in the United States. Analysts believe that recent developments regarding the U.S. Securities and Exchange Commission's (SEC) review process could mark a pivotal moment, signaling a green light for XRP and potentially ushering in a new era of mainstream adoption and institutional investment.
XRP ETF: A Market Game-Changer on the Horizon
Nate Geraci, President of NovaDius Wealth Management and co-founder of The ETF Institute, recently declared on social media that the inaugural Spot XRP ETF could launch within the next two weeks. Geraci framed this imminent approval as the "final nail in the coffin" for previous anti-crypto regulatory sentiments, particularly in light of the SEC's concluded litigation against Ripple. Such an approval would not only legitimize XRP further but also represent a monumental leap forward for the entire digital asset landscape, attracting broader institutional participation.
Regulatory Tides Turn as Approval Countdown Begins
While a temporary U.S. government shutdown in October initially caused delays in XRP ETF approvals, renewed bipartisan efforts to resume government operations have rekindled optimism. Geraci later highlighted that the end of the shutdown could trigger a wave of crypto ETF launches, specifically noting a 33 Act spot XRP ETF potentially arriving this week. Further fueling expectations, the U.S. Depository Trust & Clearing Corporation (DTCC) recently listed nine new Spot XRP ETFs from prominent asset managers like Bitwise, Franklin Templeton, Canary Capital, and 21Shares, pointing towards a November launch window. Adding to the growing evidence, Bloomberg's senior ETF analyst, Eric Balchunas, reported that 21Shares filed an 8(a) form with the SEC on November 7 for its spot XRP ETF. This filing formally initiates a 20-day countdown, potentially leading to the ETF's automatic approval and launch by November 27. Similarly, other issuers, including Canary Capital, have submitted "delaying amendments," which also trigger the same 20-day automatic approval process. These regulatory maneuvers strongly suggest that the market is closer than ever to witnessing the full approval of an XRP ETF, a development poised to dramatically boost XRP's trading volume, liquidity, and institutional engagement beyond current Bitcoin and Ethereum ETF offerings.
