The countdown for XRP spot ETF is on as asset manager 21Shares has filed an amended prospectus for its proposed spot XRP ETF, moving the fund closer to potential SEC approval under Section 8(a). More significant about the move is that 21Shares triggered an automatic effectiveness countdown for its spot XRP ETF.
Bloomberg ETF analyst Eric Balchunas highlighted this development in a recent tweet: "21Shares just dropped an 8(a) for their spot XRP ETF. 20 day clock in effect."
21Shares just dropped an 8(a) for their spot XRP ETF.. 20 day clock in effect.. pic.twitter.com/YqnC5cJDni
— Eric Balchunas (@EricBalchunas) November 7, 2025Issuers are filing amendments to their S-1 registration statements, which include "no delaying amendment" language. Under U.S. securities law, the filings automatically become effective after 20 days unless the SEC steps in to issue a stay or request changes.
This follows a similar move by other XRP ETF issuers, including Canary Capital Group, whose ETF filing has now entered a 20-day window.
HOT Stories Crypto Market Prediction: Ethereum (ETH) Lost the Price Battle, XRP Time-Traveled to 2024, Is Dogecoin (DOGE) Aiming at $0.20 Recovery?Fidelity's Timmer Expects Bitcoin to Rally After Gold Coinbase on Crypto Crash: Reset, Not End Morning Crypto Report: XRP vs. Zcash Speculations Intensify Amid 1,296% Gap, Tether (USDT) Loads $100 Million in Bitcoin, $1 Trillion for Dogecoin Support to Elon Musk
Countdown to XRP ETF begins
In a tweet, Canary Capital wrote: "Get ready: Canary XRP ETF (XRPC) is coming soon." In late October, Canary Capital launched the first spot ETFs for Litecoin (LTC) and Hedera (HBAR) in the U.S., raising the chances of an XRP ETF launch.
The XRP ETF would trade on Nasdaq under the ticker XRPC and hold XRP in custody with Gemini Trust Company and BitGo Trust Company, using the CoinDesk XRP CCIXber 60m New York Rate as its pricing benchmark.
The optimism around XRP ETFs adds to a big week for Ripple, which also announced new partnerships with Mastercard and WebBank for RLUSD settlement, XRP Ledger, which surpassed 100 million ledgers, and Ripple's stablecoin RLUSD, which crossed the $1 billion milestone.
The XRP community continues to watch for new developments regarding a spot XRP ETF in the U.S. If Canary’s registration passes automatically under 8(a) rules, another XRP spot ETF would become reality — a development that may boost institutional demand.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
