The talk over when XRP will lastly get its spot ETF now has a transparent bottleneck, and it has nothing to do with charts or liquidity.
In response to SEC schedules, six totally different functions from Grayscale, 21Shares, Bitwise, CanaryCapital, CoinShares and WisdomTree are stacked between Oct. 18 and Oct. 24, a one-week window that would outline whether or not XRP steps into the identical league as Bitcoin and Ethereum or retains ready on the sidelines.
The irony is that the technical hurdles had been already cleared. Again on Sept. 17, the SEC pushed by new itemizing requirements for commodity-backed belief shares, precisely the type of framework that makes ETF approvals simpler.
Chair Paul Atkins has made no secret of wanting the U.S. to remain aggressive in digital property. Ripple even obtained a seat at that desk earlier this yr when Brad Garlinghouse had dinner with the brand new U.S. authorities. On paper, the circumstances look virtually excellent.
One final hurdle
However the authorities shutdown has frozen the SEC into minimal staffing. Nate Geraci summed it up in a current submit — as soon as the shutdown ends, the ETF floodgates open. Till then, XRP is stalled by politics, not by markets.
If even a kind of six filings will get the inexperienced mild, it could be the primary U.S. spot XRP ETF in historical past, immediately opening the door to billions in institutional flows.
Bitcoin and Ethereum ETFs already proved how briskly that cash can push costs into contemporary information. For XRP, the trail is analogous — however nothing strikes till Washington does.