XRP Surges 5% as SEC Clock Starts on 21Shares Spot ETF

The price of Ripple (XRP) surged by 5% to $2.32 within the hour after asset manager 21Shares filed a key amendment (Amendment No. 3 to Form S-1) for its proposed spot XRP Exchange-Traded Fund (ETF).

This filing officially triggers a 20-day review period under Section 8(a) of the Securities Act of 1933. Market experts, including Scott Melker, highlight that if the U.S. SEC (Securities and Exchange Commission) does not intervene, the ETF could be automatically approved and go live around November 27.

This news has generated significant excitement within the XRP community, with some predicting a "god candle"—a term for a massive, sudden upward price movement—similar to the 70% surge seen in July 2023 following a favorable partial ruling for Ripple by Judge Analisa Torres.

Institutional Readiness and Coordination

The 21Shares development is part of a broader trend of institutional coordination:

• Franklin Templeton recently removed regulatory language from its own S-1 filing, interpreted as a move to fast-track its ETF effectiveness and signal readiness for a November rollout.
• Grayscale Investments filed its second amendment for its proposed XRP Trust conversion, designating key personnel, another preparatory step before launch.
• Canary Capital is also targeting a November 13 debut for its XRP ETF, pending approval from Nasdaq.

If approved, the launch of a spot XRP ETF would be a historic moment, marking the first time the token joins Bitcoin and Ethereum in the spot ETF market, potentially reshaping institutional exposure and liquidity for XRP.

November 2025, Cryptoniteuae