XRP News Today: SEC's 20-Day Countdown Begins for XRP ETF Decision

The U.S. crypto sector is poised for a major transformation as asset management firms compete to introduce the first spot

exchange-traded fund (ETF). Leading companies such as 21Shares US LLC and Franklin Holdings LLC have recently updated their filings with the Securities and Exchange Commission (SEC), marking a crucial step toward institutional acceptance of XRP, . These submissions, which feature 21Shares' 8(a) registration and Franklin's third S-1 amendment, may receive automatic approval if the SEC does not act within 20 days, . This regulatory progress has sparked renewed confidence in XRP’s institutional prospects, with Canary Capital CEO Steven McClurg suggesting the ETF could "potentially double the impact had" on the market, .

The planned XRP ETFs, which are expected to be listed on platforms like Cboe BZX and NYSE Arca, will follow the CME CF XRP-Dollar Reference Rate and will not utilize derivatives or leverage,

. Regulated custodians such as Coinbase Custody and BitGo Trust will oversee asset security, providing institutional-grade protection, . Bloomberg’s Eric Balchunas pointed out that 21Shares’ filing initiates a "20-day countdown" to market entry, with a possible launch as soon as November 27, . Franklin’s ETF, trading under the symbol "XRPZ," is also targeting a rapid regulatory approval, reflecting increasing investor interest in crypto during turbulent markets, .

The competition to launch an XRP ETF is happening alongside other developments. Bitwise’s Solana ETF (BSOL) has already attracted significant institutional funds, drawing $545 million in net inflows since its launch on October 28,

. Even though Solana’s price has dropped over 29% in the last month, the ETF’s performance—outpacing and ETFs—highlights a shift toward alternative crypto products, . This movement is in line with Canary Capital’s approach, as the firm eliminated a "delaying amendment" from its XRP ETF application, aiming for a November 13 rollout, . This indicates that XRP ETFs could follow Solana’s path, with McClurg’s optimistic forecast hinting at a possible price rally if institutional investments increase.

The broader financial landscape shows rising enthusiasm for crypto ETFs. WisdomTree’s recent proposal for a 20-asset spot ETF, which would include a 20% allocation to XRP, further demonstrates institutional trust,

. At the same time, HBAR’s price recovery—fueled by $71 million in ETF inflows and Google Cloud’s BigQuery support—shows how improved blockchain data access is drawing traditional investors, . Experts like Nate Geraci expect several XRP ETF approvals soon, which could enhance liquidity and price formation for the token, .

Clearer regulations remain essential. The SEC’s 20-day review of 21Shares’ ETF could set a benchmark for future crypto ETF decisions. If given the green light, this product might reshape XRP’s position in the market, providing a regulated option for those hesitant to hold crypto directly,

. According to Bayberry Capital, XRP is still undervalued despite its practical uses, and ETFs could help drive wider adoption, .