The long-awaited XRP Spot Exchange Traded Funds (ETFs) seem closer than ever. Despite minor procedural delays, NovaDius president and ETF analyst Nate Geraci has now revealed that he expects the first spot XRP ETFs to launch within the next two weeks.
XRP ETF nears breakthrough after years of legal battle
For years, XRP’s path to becoming a regulated ETF was overshadowed by the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple. The case, which lasted five years, was finally concluded three months ago, removing the biggest regulatory hurdle for an XRP ETF.
According to Geraci, the arrival of a spot XRP ETF would symbolize the final nail in the coffin for the anti-crypto attitude that was once dominant within US regulations. He said the market has come a long way since the crackdown began, and a successful launch of XRP ETF could mark a new phase of digital asset adoption on Wall Street.
Canary Capital updates its S-1 filing
Amid this, Canary Capital recently updated its S-1 filing for the Spot XRP ETF, revealing a crucial detail: the removal of the SEC’s delay clause.
Under Section 8(a) of the Securities Act, this change makes the ETF automatically effective without the need for formal SEC approval. Analysts interpret this as a green light for a possible Nasdaq debut on November 13.
If approved, this would be the first-ever pure spot XRP ETF, giving institutional investors direct exposure to the market price of XRP, similar to the structure used by spot Bitcoin and Ethereum ETFs.
Analysts expect a huge influx
Experts expect massive inflows once the XRP ETF goes live. Early projections indicate that more than $1 billion in institutional capital could enter the market within the first few weeks.
This outlook is based on the recent success of the Solana (SOL) spot ETFs, which raised $417 million in their first week, outperforming several competing crypto funds. XRP, which has consistently recorded higher trading volume and open interest than Solana, could see even greater demand.
Market reaction and short-term volatility
Analysts have warned of a ‘buy the rumor, sell the news’ pattern. When spot Bitcoin and Ethereum ETFs went live, both assets experienced a short-term pullback after strong pre-launch rallies.
A similar pattern may emerge for XRP, especially as the broader crypto market deals with uncertainty due to the ongoing US government shutdown and the Federal Reserve’s next interest rate decision.
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