Major news in the crypto world: After a five-year lawsuit settlement, the XRP spot ETF is about to become a reality. According to Bloomberg ETF analyst Eric Balchunas, 21Shares submitted a Form 8 to the SEC on November 7, automatically triggering a 20-day approval countdown, with a deadline of November 27.
Even more noteworthy, several asset management firms including Canary Capital have also withdrawn their delay amendments, similarly activating the automatic approval mechanism. If the SEC does not take action within the specified period, the ETF is approved by default—something rarely seen in US ETF history.
Currently, DTCC has listed 9 XRP spot ETF products, including top institutions such as Bitwise, Franklin Templeton, and 21Shares. NovaDius Wealth Management President Nate Geraci stated bluntly: this is the "final nail in the coffin" for anti-crypto regulators.
Key highlights: • Once approved, XRP trading volume and liquidity may surge • Institutional capital is expected to continue pouring in • The first mainstream spot ETF after BTC and ETH
From a five-year lawsuit to the launch of the ETF, XRP's comeback is just beginning.
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XRP Spot ETF Approval Countdown: 20 Days!
Major news in the crypto world: After a five-year lawsuit settlement, the XRP spot ETF is about to become a reality. According to Bloomberg ETF analyst Eric Balchunas, 21Shares submitted a Form 8 to the SEC on November 7, automatically triggering a 20-day approval countdown, with a deadline of November 27.
Even more noteworthy, several asset management firms including Canary Capital have also withdrawn their delay amendments, similarly activating the automatic approval mechanism. If the SEC does not take action within the specified period, the ETF is approved by default—something rarely seen in US ETF history.
Currently, DTCC has listed 9 XRP spot ETF products, including top institutions such as Bitwise, Franklin Templeton, and 21Shares. NovaDius Wealth Management President Nate Geraci stated bluntly: this is the "final nail in the coffin" for anti-crypto regulators.
Key highlights:
• Once approved, XRP trading volume and liquidity may surge
• Institutional capital is expected to continue pouring in
• The first mainstream spot ETF after BTC and ETH
From a five-year lawsuit to the launch of the ETF, XRP's comeback is just beginning.