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- Bitwise’s fourth S-1 amendment adds NYSE listing and 0.34% fee, signaling near-final SEC readiness.
- Canary Funds eyes an November 13 launch, while XRP ETF demand forecasts reach a $5–10 billion inflow range.
Bitwise Asset Management has taken a decisive step toward securing approval for the first U.S.-listed XRP exchange-traded fund. The firm submitted Amendment No. 4 to its S-1 filing with the U.S. SEC on October 31, adding key details that suggest the filing is nearing completion.
The latest filing shows that the XRP ETF will be listed on the New York Stock Exchange (NYSE) and will have a 0.34% management fee. Some experts say this shows that Bitwise is likely close to getting approval from regulators. Bloomberg’s senior ETF analyst Eric Balchunas said,
Bitwise just updated their XRP ETF filing to include exchange (NYSE) and fee of 0.34%, which are typically the last boxes to check..
Bitwise just updated their XRP ETF filing to include exchange (NYSE) and fee of 0.34%, which are typically the last boxes to check. Amendment #4. pic.twitter.com/BUnkasSQY5
— Eric Balchunas (@EricBalchunas) October 31, 2025
XRP ETF May Start Trading Soon
Past experience shows that filings at this stage may be approved soon once the review is completed. The new update has been written in short and clear language. If the regulator does not delay its process, the trade can start in about twenty days. James Seyffart from Bloomberg Intelligence pointed out this detail and said that,
Only the Bitwise XRP ETF has the shorter language that might allow it to launch in 20 days. But tons of issuers filing amended and updated documents past day+.
Several asset managers are working on similar products. Eleanor Terrett from Crypto America reported that Canary Funds removed a delay-related clause from its S-1 filing, which shifts timing control away from regulators. Canary is positioned for a possible November 13 launch if the Nasdaq clears its 8-A filing in time.
Terrett also mentioned that government scheduling may shift the final date earlier or later, depending on staff review. She commented,
The government reopening could affect the timing, potentially moving it up if the filing is complete and the SEC is satisfied, or back if staff propose additional comments.
Massive XRP ETF Inflows May Push Prices Higher
Predictions for the demand of an XRP spot ETF remain optimistic. Steven McClurg, CEO of Canary Capital, said,
I may have been a little bearish. We’re going to hold to that number. If it hits that number, at least I’ll be right, and if it’s $10 billion, then I’m still right because we got at least $5 billion. If we saw that kind of inflow, I think it would definitely be in the top 20 ETFs of all time, if not in the top 10.
Notably, previously introduced hybrid product REX-Ospreys XRP ETF has recorded net inflows of $124.9 million. The trading activity around this product shows that large investment firms are showing interest in XRP-related exchange products.
Analysts believe that if a large amount of money flows into an XRP spot ETF, the price of the token could rise sharply and reach levels it has never seen before.
As of the latest update, XRP is trading around $2.50, with a 1% increase in the past 24 hours. The token faces strong resistance near $2.75. If buyers push above that level, the price could reach $3.
If selling pressure increases, the price could go down again. In that case, XRP might drop to around $2, which would be about a 20% decrease from the current price.
