XRP investors are once again filled with anticipation as Bitwise, one of the world’s leading asset management firms, moves a step closer to starting the first-ever U.S. spot XRP exchange-traded fund (ETF). The company’s latest filing with the U.S. Securities and Exchange Commission (SEC) suggests that approval might arrive sooner than many expected—possibly within just 20 days.
Bitwise Submits Updated XRP ETF Filing
On October 31, Bitwise filed Amendment No. 4 to its XRP ETF S-1 form, revealing two significant details. First, the XRP ETF will be listed on the New York Stock Exchange (NYSE), signaling confidence in mainstream market access. Second, the ETF will charge a management fee of 0.34%, a rate competitive with other crypto-focused ETFs currently in circulation.
These updates are not routine—they typically indicate that an ETF filing has reached its final stage before approval. Eric Balchunas, senior ETF analyst at Bloomberg, commented that Bitwise’s new details show the firm has “checked nearly all the boxes” required by the SEC.
Historically, when issuers include exchange listings and fee structures in their S-1 forms, it often means that regulatory clearance is the only remaining hurdle.
Analysts Predict Approval Within 20 Days
ETF expert James Seyffart of Bloomberg Intelligence pointed out that the updated Bitwise filing contains “shorter language,” a subtle but important sign suggesting readiness for final approval. He added that once the SEC gives the green light, the XRP ETF could go live within just 20 days.
Seyffart also mentioned that Bitwise is not alone in this race. Major investment firms such as VanEck, Fidelity, and Canary Funds have also submitted similar updates, intensifying competition in what could become the next big development in digital asset ETFs.
Crypto analyst Eleanor Terrett from Fox Business added another layer of insight, noting that Canary Funds recently removed a “delaying amendment” from its own XRP ETF filing. This amendment usually gives the SEC control over the timeline, and its removal suggests that Canary’s XRP ETF could debut as early as November 13, pending Nasdaq’s approval of its 8-A form.
XRP Price Reacts Positively to ETF Momentum
The optimism surrounding the potential approval has already started influencing XRP’s market performance. Following the filing update, XRP’s price rose to $2.51, showing growing confidence among traders.
Market watchers believe that if the SEC approves the XRP ETF, it would represent a major milestone—the first spot ETF for XRP in the United States. This could bring a wave of institutional capital into the XRP ecosystem, driving both trading volume and long-term investor confidence.
Analysts note that XRP currently faces resistance around the $2.75 mark. A successful breakout above that level could pave the way toward the psychologically significant $3 threshold. However, if market sentiment weakens or the ETF decision faces delays, XRP might retrace by up to 19%, potentially retesting the $2 support zone within its existing long-term ascending channel.
Why the XRP ETF Matters to Investors
For years, XRP investors have been advocating for greater recognition within traditional finance. A U.S.-approved XRP ETF would mark a turning point, offering regulated access for institutional buyers and retail investors alike. It would also position XRP alongside Bitcoin and Ethereum, which have already made progress in ETF adoption across several markets.
Experts argue that the ETF’s approval could expand liquidity and reduce volatility by attracting institutional funds. This, in turn, would make XRP a more stable asset for long-term investors seeking diversification beyond Bitcoin and Ethereum.
Moreover, given that XRP is primarily designed for cross-border transactions and global payments, the ETF’s success could further validate Ripple’s utility-focused ecosystem, linking traditional finance with blockchain technology.
Growing Institutional Interest in XRP
Bitwise’s $15 billion asset management portfolio already includes several crypto-based products, and the addition of an XRP ETF would reinforce its position as a leader in regulated digital asset exposure. Institutional demand for compliant crypto products continues to surge, driven by the ongoing shift of capital from speculative assets to utility-driven blockchains.
If approved, the XRP ETF could trigger renewed inflows from hedge funds, family offices, and pension funds that have been waiting for a regulated investment route into XRP. Analysts predict this could lead to a structural increase in demand, further stabilizing the token’s long-term value.
Outlook for XRP Investors
As anticipation builds, XRP investors are closely watching both the SEC’s decision and market price action. Many believe that if approval comes within the projected 20-day window, it could mark one of the most transformative moments in XRP’s history.
However, experts also caution that regulatory uncertainties remain a key risk. The SEC’s previous legal actions involving Ripple have made some investors wary of last-minute delays. Still, given the growing clarity around the ETF’s structure and the involvement of established financial entities like Bitwise, optimism continues to outweigh caution.
Conclusion
The coming weeks could prove pivotal for XRP investors. Bitwise’s updated filing signals that the long wait for an XRP ETF may soon end, opening a new chapter for institutional participation in the XRP ecosystem.
If approved, it won’t just boost XRP’s market credibility—it could redefine how traditional finance interacts with digital assets designed for real-world utility. For now, all eyes remain on the SEC as the 20-day countdown begins.
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