Anticipation Builds for XRP ETF Debut
Thursday, November 13, could prove to be a major day for the XRP community, as the long-anticipated launch of the XRP ETF appears imminent. According to Eric Balchunas, the recent filing of the 8A form by Canary signals that the launch of the ETF could take place on Thursday.
While Balchunas refrains from calling it a done deal until the official listing notice is issued, he is confident that the timing aligns with expectations. He noted that Thursday “feels right,” further fueling speculation within the XRP community.
This update has generated significant excitement among XRP holders and investors, as Thursday could mark the day that the ETF finally comes to fruition. Balchunas pointed to the success of similar filings, such as the one for the HBAR ETF, which was launched shortly after the 8A filing. While it’s not yet confirmed, all the necessary steps seem to be in place for the launch.
What the ETF Launch Could Mean for XRP and the Broader Crypto Market
The potential launch of the XRP ETF is expected to have far-reaching implications for both the XRP token and the broader cryptocurrency market. If the ETF launches as anticipated, it would allow traditional investors to gain exposure to XRP without having to directly purchase the cryptocurrency.
This could lead to increased demand for XRP, especially as more institutional investors enter the market.
In addition to the potential impact on XRP, the launch of an XRP ETF could be a significant step forward for crypto-backed ETFs as a whole. Many in the crypto space see this as a crucial moment for the industry, potentially setting the stage for further mainstream adoption of digital assets.
The anticipation is growing, with several key figures in the crypto community sharing their optimism. Bitcoin Capital tweeted, “Ohh it’s coming!” expressing excitement over the imminent launch, while Guoyu RWA shared, “Final hurdle cleared. Primed for launch,” signaling that everything is on track.
Meanwhile, WASSIE pointed out that Canary seems to be following the same approach as it did with the HBAR ETF, which was also launched swiftly after a similar filing.
With the final pieces falling into place, Thursday could be a landmark day for XRP and the crypto market as a whole. The community is on high alert, eagerly awaiting confirmation that could set the stage for a new chapter in XRP’s journey. Keep an eye on developments, as Thursday could prove to be a defining day for the future of XRP.