XRP ETF Countdown Heats up as SEC Filings Surge and Bulls Eye Breakout Rally

CN
4 hours ago

Optimism is growing in the digital asset market amid rising expectations that the first U.S. spot exchange-traded fund (ETF) linked to XRP could soon launch, potentially signaling a significant development for the cryptocurrency sector. Several issuers updated their regulatory filings with the U.S. Securities and Exchange Commission (SEC) on Friday, suggesting the launch process may be nearing completion and that institutional access to XRP could expand significantly.

Nate Geraci, president of Novadius Wealth and co-founder of The ETF Institute, stated on social media platform X on Oct. 10:

Another batch of S-1 amendments rolling in on spot XRP ETFs… Bitwise, Franklin, 21Shares, Wisdomtree, Grayscale, & Canary. Several include ticker symbols. Getting close.

His remarks reflected growing confidence among ETF applicants that a launch may be near, as several recent filings now include ticker symbols—often seen as a sign of readiness.

The current optimism builds on a prior wave of filings submitted on Aug. 22, when Canary, Coinshares, Franklin, 21Shares, Wisdomtree, and Bitwise each lodged amended S-1 forms with the SEC. That same day, Grayscale filed to convert its existing XRP Trust into a spot ETF.

Analysts now see approval of crypto ETFs as virtually guaranteed following a major procedural shift by the SEC. The agency’s adoption of generic listing standards has eliminated the need for 19b-4 filings, leaving only S-1 registration forms for review—a move analysts view as a decisive step toward regulatory clarity and faster approvals. Bloomberg senior ETF analyst Eric Balchunas stated on Sept. 30 on social media platform X: “Honestly, the odds are really 100% now.”

A wave of amendments is seen as a coordinated response to recent SEC guidance and a sign of regulatory momentum. If launched, spot XRP ETFs would follow bitcoin and ethereum products, offering traditional investors simplified access to the crypto market. Supporters say the funds could improve liquidity and investor protection, while signaling XRP’s market maturity and further integrating digital assets into mainstream finance.

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