XRP ETF Approval Imminent? Bitwise Just Checked the Final Boxes

Bitwise’s Fourth S-1 Amendment Adds NYSE Listing and 0.34% Fee, Signaling Near-Final SEC Readiness

Bitwise Asset Management has taken a decisive step toward securing approval for the first U.S.-listed XRP exchange-traded fund (ETF). On October 31, the firm submitted Amendment No. 4 to its S-1 filing with the U.S. Securities and Exchange Commission (SEC), adding key details that suggest the filing is nearing completion.

### New Filing Highlights

The latest filing reveals that the XRP ETF will be listed on the New York Stock Exchange (NYSE) and will feature a 0.34% management fee. Industry experts view this update as a strong indication that Bitwise is close to getting regulatory approval.

Bloomberg’s senior ETF analyst Eric Balchunas commented, “Bitwise just updated their XRP ETF filing to include exchange (NYSE) and fee of 0.34%, which are typically the last boxes to check.”

### XRP ETF May Start Trading Soon

Historically, filings at this advanced stage tend to receive approval shortly after the review process concludes. The updated filing uses concise and clear language, which could expedite the SEC’s review. If the regulator does not delay, trading could start in about twenty days.

James Seyffart from Bloomberg Intelligence noted, “Only the Bitwise XRP ETF has the shorter language that might allow it to launch in 20 days. But tons of issuers are filing amended and updated documents past day+.”

### Canary Funds Eyes November 13 Launch

Several asset managers are working on similar XRP ETF products. Notably, Canary Funds recently removed a delay-related clause from its S-1 filing, which shifts timing control away from regulators.

According to Eleanor Terrett from Crypto America, Canary Funds is positioned for a possible November 13 launch, contingent upon Nasdaq clearing its 8-A filing in time. She added that government scheduling and SEC staff reviews could influence the final launch date.

Terrett explained, “The government reopening could affect the timing, potentially moving it up if the filing is complete and the SEC is satisfied, or pushing it back if staff propose additional comments.”

### Massive XRP ETF Inflows May Push Prices Higher

Optimism remains high regarding potential demand for an XRP spot ETF. Steven McClurg, CEO of Canary Capital, shared his outlook: “I may have been a little bearish. We’re going to hold to that number. If it hits that number, at least I’ll be right, and if it’s $10 billion, then I’m still right because we got at least $5 billion.”

McClurg noted that inflows of this scale would place the XRP ETF among the top 20 ETFs of all time, if not in the top 10.

### Existing XRP-Related Products Show Strong Interest

Previously introduced hybrid product REX-Osprey’s XRP ETF has already recorded net inflows of $124.9 million. This trading activity highlights significant institutional interest in XRP-related exchange products.

### XRP Price Outlook

Analysts believe that substantial inflows into an XRP spot ETF could sharply increase the token’s price, potentially reaching levels never seen before.

As of the latest update, XRP is trading around $2.50, up 1% in the past 24 hours. The token faces strong resistance near $2.75. If buyers push above that level, the price could reach $3.00.

However, if selling pressure intensifies, the price may drop to approximately $2.00, representing a 20% decrease from the current price.

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Overall, Bitwise’s recent filing amendments and growing interest from major asset managers signal promising developments for the launch of a U.S.-listed XRP spot ETF, with potential market impact expected in the near term.
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