Key Takeaways
- 21Shares triggers a 20-day countdown for potential XRP Spot ETF approval, boosting investor optimism and signaling a major milestone for Ripple.
- XRP’s price surged 6% following the ETF filing amendment, as institutional interest grows with XRP joining Bitcoin and Ethereum in the ETF market.
- Despite a 9% weekly drop, XRP’s long-term outlook remains strong, with institutional adoption and ETF developments driving increased market confidence.
The countdown for a potential Spot XRP ETF has officially begun, following 21Shares’ crucial filing amendment. The clock is ticking on the approval process, with a 20-day window set to expire soon unless the U.S. SEC intervenes. This move represents a significant milestone for Ripple and its XRP token, with the potential for XRP to join Bitcoin (BTC) and Ethereum (ETH) in the coveted Spot ETF market.
21Shares’ Filing Triggers XRP ETF Approval Process
21Shares, a leading asset manager, made a pivotal filing amendment that sets the stage for an XRP Spot ETF. The filing, submitted under Section 8(a) of the Securities Act of 1933, triggers a 20-day countdown for automatic approval by the U.S. SEC. Bloomberg’s ETF analyst, Eric Balchunas, confirmed the filing, signaling growing optimism within the market.
As of now, XRP’s price surged over 6% following the announcement, signaling investor confidence in the potential approval. This momentum is part of a larger shift towards XRP ETFs, with major firms like Franklin Templeton and Grayscale also amending their filings to expedite the process.
Institutional Momentum Behind XRP ETF
The move to introduce XRP ETFs has garnered increasing institutional interest. Global ETF issuers are actively ramping up their XRP ETF filings, signaling the sector’s growing acceptance of XRP as an institutional asset. Notably, other funds like Teucrium’s 2x Long Daily XRP ETF and the Rex-Osprey XRP ETF have already seen strong inflows, with Rex-Osprey surpassing $114 million in assets under management.
The broader market impact of XRP’s entry into the Spot ETF arena is significant. As noted at Ripple’s Swell 2025 conference, where institutional players discussed the token’s growing role, the development could pave the way for increased liquidity and wider institutional adoption.
XRP’s Growing Appeal Amid Profit Realization Trends
Despite the bullish news surrounding the XRP ETF, the token has faced challenges in recent weeks. XRP is down nearly 9% over the past week, even as major announcements from Ripple, such as a $500 million funding round and a partnership with Mastercard, failed to lift the token’s price. Additionally, data from Glassnode indicates that XRP investors are locking in profits en masse, contributing to a short-term downward pressure on its price.
However, experts at Ripple’s Swell event highlighted that such price fluctuations are common as institutional adoption ramps up. Citibank’s projections suggest that tokenized assets like XRP could reach trillions in value within five years, further boosting the long-term outlook for the cryptocurrency.
