XRP Spot ETF Launch Seen as Imminent After Missed SEC Deadlines

Overview

• Nate Geraci of the ETF Institute forecasts the first spot XRP ETF could begin trading within days and no later than two weeks.
• Canary Capital updated its application to target a November 13 start, while Bitwise disclosed a 0.34% fee and plans to list on NYSE Arca.
• Several final SEC decision deadlines lapsed during the government shutdown, raising the prospect of automatic effectiveness for some filings.
• Grayscale’s XRP fund was first in line for an October 17 decision, with 21Shares, Bitwise, Canary, CoinShares, and WisdomTree also queued.
• XRP slipped roughly 3–4% to about $2.42 as volumes jumped 40–75%, with analysts flagging a possible retest near $2.25 and corporate treasuries like Evernorth positioning ahead of potential ETF inflows.