XRP ETF Launch Expected Within Days, Says Expert Nate Geraci

The long-awaited launch of the first spot XRP exchange-traded fund (ETF) may be just days away, according to ETF Institute co-founder Nate Geraci. In an X post on November 3, Geraci predicted that the first spot XRP ETF could debut within two weeks at most, signaling a significant milestone for Ripple and the broader crypto market.

The delay in the U.S. government’s operations reportedly caused the Securities and Exchange Commission (SEC) to miss several key deadlines for approving XRP ETFs. Grayscale’s XRP ETF was expected to receive approval on October 17, followed by applications from 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree. Canary Capital recently revised its filing to indicate a possible launch by November 13, following the automatic approval of its Litecoin and HBAR ETFs last month. Meanwhile, Bitwise updated its filing to include a management fee of 0.34% and announced that the fund will trade on NYSE Arca.

Industry analysts believe the approval of XRP ETFs would symbolize a major victory for Ripple, especially after years of legal battles with the SEC. The lawsuit, which had restricted Ripple’s growth for over five years, was officially dropped earlier this year under a more crypto-friendly administration led by Paul Atkins. Geraci emphasized that the launch of XRP ETFs “represents the final nail in the coffin of previous anti-crypto regulators,” highlighting how far the industry has come since its early struggles with regulation.

Following the news, XRP’s price slipped 3% in the last 24 hours to $2.42 after reaching a high of $2.56. Despite the dip, trading volume surged 40%, indicating strong investor interest. Analysts anticipate that a successful ETF launch could drive XRP’s price toward key resistance levels at $2.80 and $3 as whales continue accumulating the token.