21Shares Starts 20-Day SEC Clock for Spot XRP ETF
21Shares has submitted an 8(a) amendment to its Form S-1, officially starting the 20-day SEC review clock for its Spot XRP ETF. Bloomberg senior ETF analyst Eric Balchunas confirmed the update. The filing comes under Section 8(a) of the Securities Act. If the SEC does not object, the Spot XRP ETF could earn automatic approval.
This move mirrors similar amendments by Franklin Templeton, Grayscale and Canary Capital. These coordinated filings underscore growing institutional momentum for a United States-based XRP ETF. Analysts expect trading to begin within weeks, replicating the rapid launch pattern seen with Solana ETFs.
XRP’s price surged over 6% to $2.32 on heightened investor interest. Global XRP-linked products like Rex-Osprey, Teucrium’s 2x Long Daily XRP and Purpose’s spot ETFs already manage hundreds of millions in assets. Approval of a U.S. Spot XRP ETF would expand market liquidity and broaden institutional adoption.
Traders should watch for any SEC objections before the deadline. A smooth approval could trigger further bullish momentum. Conversely, delays may cap short-term gains in the XRP market.
Bullish
The initiation of the SEC review clock and coordinated amendments by major firms increase the likelihood of approval for a Spot XRP ETF. This catalyzes demand, boosts liquidity, and has already driven a 6% price spike. If SEC approval proceeds without objections, trading could commence within weeks, fueling further upward momentum. Short-term, the price rally may continue as traders anticipate ETF entry. Long-term, broader institutional adoption could underpin sustained growth in the XRP market.