ETF Institute co-founder Nate Geraci has predicted that the first spot XRP exchange-traded fund (ETF) could go live within the next several days, marking what he described as the “final nail in the coffin” for anti-crypto regulatory policies that dominated past years.
In a post on X (formerly Twitter) on November 3, Geraci said that two weeks would be the maximum timeframe for the ETF’s debut, suggesting that regulatory silence following the U.S. government shutdown has effectively cleared the path for automatic approvals. His remarks were echoed across the crypto community, with Gemini and several market analysts expressing optimism about XRP’s upcoming milestone.
Multiple Filings Await Final Clearance
According to SEC records, Grayscale was first in line for an XRP ETF approval on October 17, followed by 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree. However, decisions were delayed as the shutdown extended into late October.
Sometime in next two weeks, I expect launch of first spot xrp ETFs…
SEC had open litigation against Ripple for past five years, up until three months ago.
IMO, launch of spot xrp ETFs represents final nail in coffin of previous anti-crypto regulators.
Have come a *LONG* way.
— Nate Geraci (@NateGeraci) November 3, 2025
Canary Capital has since amended its application to target a launch by November 13, updating key language in preparation for listing. The firm recently received automatic approvals for its Litecoin and HBAR ETFs, suggesting a similar trajectory for XRP. Meanwhile, Bitwise updated its filing to disclose a 0.34% management fee and plans to list the fund on NYSE Arca.
Bloomberg’s Eric Balchunas commented that multiple ETF issuers are now racing to align filings with the SEC’s post-shutdown timelines, noting that the window for XRP approval “could open any day now.”
Ripple’s Legal Victory Paves the Way
The upcoming launch of XRP ETFs carries major symbolic weight for the Ripple ecosystem. After years of battling the SEC’s lawsuit, the case was officially closed earlier this year under the Trump administration’s SEC, led by Paul Atkins, known for his more crypto-friendly stance.
Geraci called the event a defining moment for the industry, noting that the successful approval of spot XRP ETFs represents not only an institutional breakthrough but also a historic regulatory shift. “The launch of spot XRP ETFs represents the final nail in the coffin of previous anti-crypto regulators. We’ve come a long way,” he said.
XRP has continued to trade near multi-year highs following the resolution of its legal disputes, and the imminent ETF listings could further strengthen its position as one of the top institutional-grade digital assets in 2025.
