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The long-awaited XRP spot exchange-traded fund (ETF) may finally be nearing approval. According to Nate Geraci, President of NovaDius and a leading ETF analyst, the first spot XRP ETF could debut within the next two weeks, signaling a major milestone for Ripple and the broader crypto market.
XRP ETF Nears Breakthrough After Years of Legal Battles
For years, XRP’s path to a regulated ETF was stalled by the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs. The prolonged legal battle, which lasted nearly five years, concluded just three months ago, removing the biggest regulatory barrier to institutional access.
Geraci noted that the introduction of a spot XRP ETF would represent a turning point for crypto regulation in the United States. “We’ve come a long way since the early crackdown era,” he said, emphasizing that an XRP ETF could mark a new phase of digital asset acceptance on Wall Street.
Canary Capital Updates Its S-1 Filing
Adding to the optimism, Canary Capital recently submitted an updated S-1 filing for its Spot XRP ETF. The latest version removed the SEC’s delay clause under Section 8(a) of the Securities Act, meaning the ETF could automatically go effective without requiring further SEC approval.
This procedural change has fueled speculation that the fund could launch as early as November 13, possibly on Nasdaq. If approved, it would become the first-ever spot XRP ETF, giving institutional investors direct exposure to XRP’s market price — similar to the structure of existing Bitcoin (BTC) and Ethereum (ETH) ETFs.
Analysts Predict Strong Institutional Inflows
Market analysts forecast massive capital inflows following the ETF’s debut. Early estimates suggest that more than $1 billion in institutional investments could pour into XRP within the first few weeks of trading.
This outlook is partly based on the strong performance of Solana’s (SOL) spot ETFs, which attracted $417 million in their first week. Given XRP’s larger trading volume and higher open interest, experts believe it could outpace Solana’s early success.
Market Reaction and Potential Volatility
While optimism is high, analysts caution that XRP could experience short-term volatility around the ETF launch. Historically, both Bitcoin and Ethereum saw brief price corrections following their spot ETF approvals, as traders took profits after pre-launch rallies.
A similar “buy the rumor, sell the news” scenario could play out for XRP, especially amid macroeconomic uncertainty tied to the ongoing U.S. government shutdown and the Federal Reserve’s upcoming rate decision.
A Defining Moment for XRP and Crypto ETFs
If the expected timeline holds, the launch of a spot XRP ETF would not only validate XRP’s growing institutional appeal but also strengthen its standing as one of the most liquid and widely adopted digital assets.
Analysts view the upcoming ETF as a landmark event that could reshape investor access to XRP and further integrate crypto assets into traditional financial markets.
With anticipation building, the countdown to mid-November may mark one of the most pivotal moments in XRP’s history — and potentially the next major step in crypto’s mainstream evolution.
