The Trump administration had previously signaled a new era for crypto investors with promises of digital ETFs, but these products faced delays. Now, speculation is resurfacing, with prominent ETF analyst Nate Geraci forecasting the launch of a spot XRP ETF within the next two weeks. This prediction is creating significant buzz within the cryptocurrency ecosystem.
In brief
- •Nate Geraci anticipates the launch of a spot XRP ETF as early as November 13.
- •Canary Capital has withdrawn a delaying clause, accelerating its SEC filing for XRP.
- •Retail investors have accumulated $1.39 billion in XRP since early September.
- •Grayscale, Bitwise, and CoinShares are also preparing spot ETFs based on XRP.
XRP Takes Its Revenge: The ETF Arrives, the SEC Steps Aside
XRP has transformed from a marginalized token into a symbol of hope, marking a significant journey. For five years, Ripple engaged in a protracted regulatory battle with the SEC, filled with numerous developments. This contentious period concluded last summer with a legal settlement, bringing relief to the crypto market.
Nate Geraci, president of ETF Store and a respected figure in the listed funds industry, has stated that the first spot XRP ETF could be launched by mid-November. Canary Capital has modified its filing with the SEC, removing a clause that could have caused delays, indicating a potential launch as early as November 13. Geraci views this development as a pivotal moment and a historic shift for the cryptocurrency sector.
Several other entities are actively preparing their strategies. Bitwise has adjusted its fees, while Grayscale and 21Shares are awaiting their turn. CoinShares is also positioning itself in this emerging market. In contrast, major players like BlackRock and Fidelity, despite their involvement with Solana, are currently observing the situation without direct participation.
The Domino Effect Looms with XRP as the Trigger
The introduction of an XRP ETF could serve as a catalyst for the broader crypto market. Unlike derivative products, a spot ETF would provide investors with direct exposure to the underlying asset, meaning investors would own XRP itself, rather than a product based on its price. This distinction is crucial.
Since September, retail investors have collectively acquired $1.39 billion in XRP, a substantial figure that underscores growing optimism. In this environment of anticipation, Canary Capital appears poised for a significant move. REX Shares has already introduced XRPR, a hybrid ETF that offers exposure to XRP without directly holding the token.
Analysts are observing encouraging signals. XRP is currently consolidating, suggesting underlying tension that could lead to a significant price movement. The consistent accumulation seen during market dips in October further supports this positive outlook. Price projections for XRP range between $3.55 and $5.50 in a favorable market scenario, indicating that this upward trend could originate from this development.
From Ripple to Solana: Crypto ETFs Reshape Finance
XRP is not the only cryptocurrency poised to benefit from similar investment products. Solana, Litecoin, and other blockchain networks are also aiming for recognition through comparable offerings. However, XRP's unique history, marked by regulatory challenges and subsequent vindication, positions it as a distinct case.
Analytical tools such as the Accumulation/Distribution indicator and the Money Flow Index are reflecting renewed investor interest. Even during price pullbacks, the demand for XRP remains robust. If this momentum continues, the cryptocurrency market could experience a broader normalization of ETFs for digital assets.
The implications extend beyond XRP; this development signifies the gradual integration of cryptocurrencies into traditional financial systems. Each ETF approval and successful launch brings this vision closer to reality.
Key Figures to Remember from the Shift
- •November 13: The potential launch date for the XRP ETF via Canary Capital.
- •$1.39 billion: The amount accumulated by retail investors in XRP over two months.
- •$3.55 to $5.50: The price target range mentioned for XRP in a bullish market scenario.
- •Grayscale, Bitwise, CoinShares: Key contenders in the race to launch XRP ETFs.
- •REX Shares' XRPR: An existing hybrid ETF that provides exposure without direct token holding.
Solana has already made a notable impact, with its ETF attracting nearly $200 million in just four days. If XRP follows a similar trajectory, it could lead to a fundamental reshaping of the crypto finance landscape.