US Shutdown Ends, First Spot XRP ETFs Launching This Week
ETF specialist Nate Geraci forecasts that the first US spot XRP ETFs could debut this week as the government shutdown ends and SEC staff return, unfreezing registration processing. Multiple issuers—including Bitwise, Canary, CoinShares, 21Shares, Franklin, and REX Osprey—have active S-1 filings at the DTCC. By removing delaying amendments and leveraging Section 8(a) of the Securities Act of 1933, these spot XRP ETF filings can automatically take effect 20 days after submission, targeting mid-November launches if the SEC raises no objections. Traders should watch for final SEC approval and fund effectiveness notices, as spot XRP ETF launches may boost XRP trading volumes and price momentum. XRP was trading around $2.48 at press time.
Bullish
The prospect of US spot XRP ETF approvals is bullish for XRP. In the short term, ETF launches typically trigger increased trading volumes and positive price momentum as institutional investors access the market. Over the long term, SEC-sanctioned ETFs enhance XRP’s credibility and could attract sustained institutional capital, supporting higher price floors. Historical precedents from Bitcoin and Ethereum spot ETFs show similar patterns of price appreciation following listing announcements.