XRP ETFs Poised for Launch Without SEC Approval: Is a Price Explosion on the Horizon?
A significant development is brewing in the crypto investment space as nine XRP-based exchange-traded funds (ETFs) are now listed by the Depository Trust & Clearing Corporation (DTCC). These listings, which include both futures and spot ETF products, are being interpreted as a strong signal of growing institutional interest in Ripple’s native token, XRP. Remarkably, this move is unfolding without the explicit approval of the U.S. Securities and Exchange Commission (SEC), raising questions about regulatory evolution and the potential market impact.
While the DTCC’s listing does not immediately greenlight trading, it does represent a crucial preliminary step, often preceding formal market entry. Some of the futures ETFs—designated as UXRP, XRPI, XRPT, and XXRP—are already active. Meanwhile, spot-focused counterparts, including TOXR, XRP, XRPC, and XRPL, are awaiting final confirmation. These developments suggest that the debut of the first U.S.-based spot XRP ETFs could be imminent, despite previous regulatory bottlenecks.
One of the major delays in the ETF approval process was caused by the U.S. government shutdown in October, which temporarily froze progress on more than a dozen altcoin ETF applications. This affected proposals for cryptocurrencies like Solana, Dogecoin, and Cardano. However, momentum returned after Canary Capital withdrew delaying amendments and established November 13 as the automatic effective date for its XRP ETF. This move cleared a regulatory hurdle and opened the path for near-term trading.
Institutional giants Bitwise and Grayscale are at the forefront of this initiative. Both firms have confirmed plans to launch XRP ETFs under revised SEC guidelines that permit automatic effectiveness after a 20-day review period, assuming no formal objections are raised. This streamlined process allows these funds to proceed without direct SEC sign-off, marking a notable shift in regulatory dynamics.
Bitwise has set a modest 0.34% management fee for its XRP ETF, while Grayscale is positioning its fund with a 0.35% fee—identical to the rate on its existing Dogecoin ETF. These low fees suggest a strategy aimed at attracting large-scale institutional capital, mirroring their earlier success with Solana ETFs, which recorded over $56 million in trading volume on their first day.
Nate Geraci, president of NovaDius Wealth Management, described the launch of spot XRP ETFs as a turning point: “This marks the end of an era of anti-crypto regulation.” If XRP ETFs do begin trading as anticipated, it would place the asset alongside Bitcoin, Ethereum, and Solana within the growing family of ETF-eligible cryptocurrencies, legitimizing it further in the eyes of institutional investors.
Technically, XRP is maintaining a strong position above the $2.25 support level—an area that analysts consider critical for the next potential price surge. Market analyst Dominus recently projected an explosive move for XRP, suggesting that the token could soon produce “the largest green candle in crypto history.” This prediction is based on a combination of ETF-related optimism, increased institutional entry, and robust on-chain activity.
Ripple’s broader ecosystem is also gaining momentum. The company’s RLUSD stablecoin has now exceeded $1 billion in valuation, reinforcing confidence in Ripple’s infrastructure and product suite. The stablecoin’s success adds another layer of utility to the XRP Ledger, potentially strengthening demand for the native token.
If XRP ETFs officially launch by mid-November, the impact could be transformative. The fusion of institutional capital inflow, regulatory evolution, and market optimism could catalyze one of the most powerful rallies in XRP’s history. This scenario may finally fulfill the long-anticipated bullish breakout that XRP holders have awaited for years.
What Makes XRP ETFs So Significant?
The introduction of XRP ETFs, especially without SEC resistance, represents more than just a new investment vehicle—it symbolizes a maturing crypto market. By enabling exposure to XRP through regulated financial products, institutional investors gain a more secure and compliant route to enter the digital asset space. This could fundamentally shift the demand-supply dynamics for XRP.
Can XRP Achieve Parity With Bitcoin and Ethereum in ETFs?
While Bitcoin and Ethereum have long dominated the ETF conversation, XRP’s inclusion in this asset class could diversify investor options. Unlike Bitcoin, which is primarily seen as a store of value, or Ethereum with its smart contract capabilities, XRP is engineered for real-time cross-border payments. This unique utility could attract a different class of investor—particularly those focused on fintech and payment solutions.
What Are the Risks Involved for Investors?
Despite the bullish sentiment, there are still risks to consider. The lack of formal SEC approval could potentially lead to regulatory pushback down the line. Additionally, XRP has historically been subject to high volatility and legal scrutiny, particularly following the SEC’s lawsuit against Ripple Labs. Although much of that legal turbulence has subsided, lingering concerns could influence institutional behavior.
How Will the Broader Crypto Market Respond?
The successful launch of XRP ETFs could set a precedent for other altcoins. If XRP can move forward without direct SEC approval, it may embolden asset managers to pursue similar strategies for other tokens. This could spark a wave of new ETF applications, accelerating the mainstream adoption of digital assets.
Is This the Beginning of a New Bull Cycle for XRP?
The convergence of favorable technical patterns, fundamental strength, and institutional support suggests that XRP could be entering a new bull cycle. If ETF trading begins as expected and volumes mirror those seen in Solana’s ETF debut, the resulting price momentum could push XRP to multi-year highs.
Investor Sentiment and Market Outlook
Investor sentiment surrounding XRP has shifted dramatically in recent weeks. On-chain metrics show increasing wallet activity and large transfers—often interpreted as signs of whale accumulation. Social media metrics also indicate growing interest, with XRP trending across multiple platforms.
Conclusion
As XRP ETFs approach their launch date, the crypto community is watching closely. This moment could redefine XRP’s role in the digital asset ecosystem and signal a broader shift in U.S. regulatory posture. Whether you’re an institutional investor, a retail trader, or a crypto enthusiast, the advent of XRP ETFs—especially in a regulatory grey area—may be one of the most consequential developments in the space this year. If the bullish scenario plays out, XRP could finally break through long-standing resistance levels and enter a new phase of market leadership.