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- Analyst suggests first US spot XRP ETFs may begin trading mid-November.
- Projections indicate that over $1 billion could enter XRP markets if ETFs go live soon.
Nate Geraci, an ETF analyst, has suggested that the first U.S. spot XRP ETFs may begin trading within the next two weeks. This timing points toward mid-November 2025 as the potential rollout window for the products.
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
As reported by CNF, Bitwise recently updated its S-1 registration and included a 0.34% fee along with a planned NYSE listing. Observers see this as a sign that approval and activation steps are nearing the conclusion, raising expectations across the market.
At the same time, Canary Capital submitted an updated S-1 for its XRP ETF. The issuer removed a delaying amendment, which means the filing can automatically take effect after 20 days. The date for that period to end is November 13.
If Nasdaq approves a Form 8-A, the fund could begin trading on that date. However, the schedule could shift if the SEC requests new adjustments, but anticipation remains strong.
XRP ETFs Near Launch After Five-Year Fight
Alongside Bitwise and Canary Capital, Grayscale Investments, Franklin Templeton, WisdomTree, CoinShares, and 21Shares remain in line to release similar products. Interest from such firms indicates increasing acknowledgement of XRP among well-known asset managers.
Geraci has described the pending launch as “the final nail in the coffin” for anti-crypto regulators. He highlighted that the SEC had carried open litigation against Ripple for nearly 5 years until recently.
Ripple dropped a cross-appeal in July. A joint dismissal followed in August before final closure by the US Court of Appeals for the Second Circuit.
Geraci added,
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.
Notably, a product from REX/Osprey currently claims to offer spot exposure to XRP and holds around $106 million in total assets. However, it does not hold the underlying token directly in the same manner as expected from upcoming U.S. offerings.
Projected $1B Inflows Could Shift XRP Outlook
Analysts anticipate high levels of buying once spot funds are available. Some projections indicate that more than $1 billion in institutional money could flow into the token’s market during the first few weeks.
At this moment, XRP trades at $2.39, decreasing 5.02% over the past 24 hours. However, trading volume increased by 72% within that same period. This suggests that interest from short-term and long-term traders remains elevated.
Analyst Ali Martinez has pointed to early signals of weakness on the 4-hour chart and suggested the token may retest $2.25 soon. However, some traders expect renewed buying to push toward $2.80 and potentially $3 if exchange-traded funds begin trading.
