Overview
- Bitwise filed an Oct. 31 S-1 amendment naming NYSE and a 0.34% fee while removing the delaying clause, a late-stage step that commentators say could allow approval within weeks.
- Canary Capital also removed the delaying clause from its S-1 and awaits Nasdaq’s 8-A signoff, with coverage noting a potential Nov. 13 launch if approvals arrive.
- Ripple executed its routine November escrow release of 1 billion XRP, a program that historically sees most of the unlocked tokens re-enter escrow after adding short-term liquidity.
- On-chain data show rising XRPL activity, whale accumulation, and increased exchange outflows to self-custody as XRP consolidates around the $2.50 level.
- Market focus turns to Nov. 4–5 Swell in New York for possible announcements, while unverified rumors of large institutional buying are reported as speculative and lack official confirmation.