Bitwise’s NYSE Listing Update Hints XRP ETF Approval Could Arrive Within 20 Days

**Bitwise’s NYSE Listing Update Hints XRP ETF Approval Could Arrive Within 20 Days**

Bitwise, the $15 billion asset management giant, is one step closer to launching its XRP ETF, signaling that the approval could become a reality soon. On October 31, Bitwise submitted Amendment No. 4 to its XRP ETF filing with the U.S. Securities and Exchange Commission (SEC), revealing two crucial updates that experts believe usually indicate the final step before approval.

### Key Updates in Bitwise’s Filing

The latest amendment to Bitwise’s S-1 form discloses two important details:
– The listing venue will be the New York Stock Exchange (NYSE)
– The management fee for the ETF will be set at 0.34%

Eric Balchunas, senior ETF analyst at Bloomberg, commented on the significance of these changes, stating, “Adding the NYSE and fee means Bitwise has checked nearly all boxes.” Historically, when issuers include exchange and fee details in their S-1 filings, it typically signals that they are awaiting the final green light from the SEC.

### XRP ETF Could Launch Within 20 Days

Following the announcement, ETF expert James Seyffart from Bloomberg Intelligence provided additional context. He pointed out that Bitwise’s latest filing contains “shorter language” that could allow the XRP ETF to go live within just 20 days, pending SEC approval.

Seyffart also noted that Bitwise is not alone in this race. Other major players like VanEck, Fidelity, and Canary Funds have updated their filings, indicating a rapidly intensifying competition to launch the first XRP ETF.

Meanwhile, Crypto America host Eleanor Terrett revealed that Canary Funds removed the “delaying amendment” from its S-1 filing, which had previously given the SEC control over the timing. This change positions Canary’s XRP ETF for a potential launch date of November 13, provided the Nasdaq approves its 8-A filing.

### Potential Impact on XRP Price

Following these latest XRP ETF updates, XRP’s price experienced a modest increase, trading around $2.51 — a sign of growing optimism among traders.

Analysts suggest that approval of the XRP ETF would mark the first-ever U.S. spot ETF for XRP, a historic milestone likely to boost the token’s momentum. Currently, XRP faces strong resistance near the $2.75 level. A successful breakout above this point could pave the way for testing the $3 psychological mark.

However, if selling pressure persists, XRP could see a correction of up to 19%, potentially retesting support around the $2 zone within its long-term channel pattern.

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Stay tuned for further updates as the SEC’s decision on the XRP ETF approaches, potentially reshaping the future of XRP’s presence in traditional finance.
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