XRP ETFs Move Toward Automatic Launch Without Direct SEC Approval

The crypto market often moves faster than regulators, and XRP is becoming a good example of how progress can continue even when approvals take time. Several companies are still pushing their XRP exchange-traded funds (ETFs) toward launch, even though the Securities and Exchange Commission (SEC) has not publicly approved them. This development is drawing attention in early November 2025 as XRP trades around $2.25 with a market value of about $32 billion.

To move forward, ETF issuers are using a rule that allows their products to become active if the SEC does not step in by a certain deadline. They rely on two types of filings, called 19b-4 and S-1 forms. If the SEC does not object, the S-1 can automatically go into effect after roughly 20 business days. This approach has become more common since Bitcoin ETFs were approved, and most updated filings in recent months have been allowed to proceed without delays.

A major sign of progress is that the DTCC has already listed nine XRP ETF products, meaning the back-end systems that handle settlements are ready. Companies like Bitwise and Grayscale have also updated their fees and paperwork to speed things up. If everything continues smoothly, these ETFs could bring in billions of dollars in their first year, similar to early expectations for Solana ETFs. Many experts see the DTCC listing as a strong signal that the products are prepared for trading, even if the SEC remains silent.

Still, this path is not guaranteed. Earlier government slowdowns caused setbacks, and some final steps depend on confirmations from Nasdaq. One date to monitor is November 13, which could be the earliest launch day for Canary Capital’s ETF if no objections appear. Traders may want to keep an eye on the SEC’s public filing system, as a smooth process could help XRP remain above key price levels.

Both Bitwise and Grayscale have announced that they plan to launch their XRP ETFs under the SEC’s updated rules, which allow funds to go live automatically after 20 days if there are no objections. This means the funds could start trading without an explicit “yes” from the SEC a major change in how crypto ETFs can enter the U.S. market. Bitwise has set its management fee at 0.34%, while Grayscale plans to charge 0.35%, the same fee it uses for its Dogecoin ETF.

These firms are following the same playbook they used with their Solana ETFs, which saw more than $56 million in trading volume on the first day. That strong demand suggests institutions are ready to expand into new crypto assets. Nate Geraci, president of NovaDius Wealth Management, said the arrival of spot XRP ETFs “marks the end of an era of anti-crypto regulation.” If these products launch successfully, XRP could soon stand alongside Bitcoin, Ethereum, and Solana as a core asset in the ETF market.

XRP continues to stand out because it has a real, practical use: fast and low-cost cross-border payments. Ripple’s network already moves billions of dollars around the world, and many financial institutions are now expanding their testing under the ISO 20022 global payment standard. If XRP ETFs start attracting steady interest, demand from both banks and investors could help support a move toward the $1 level over the next year. Predictions differ, but past ETF launches show that consistent inflows can drive meaningful price growth, even if large investors sell portions of their holdings along the way.

The 2025 GENIUS Act has also made the approval process easier for crypto products that are transparent and well-designed. XRP has an advantage because U.S. courts have already clarified that its typical use does not make it a security. ETF issuers are focusing early on important requirements like custody, liquidity, and risk controls, which lowers the chances of their applications being rejected.

Still, some uncertainty remains. The SEC has delayed products before through long review periods, and global rules such as Europe’s MiCA regulations may affect how money flows into these funds. Even with these challenges, XRP ETFs appear well positioned to capture part of the rising interest in alternative crypto assets.

 A Quiet but Powerful Shift for XRP

The movement toward automatic ETF approval marks an important moment for XRP. If these products go live in November, they could open the door for more investors, create deeper liquidity, and strengthen XRP’s role in both traditional and blockchain-based financial systems. For traders and long-term holders, understanding the timeline and the regulatory process can help guide smart decisions. As these developments unfold, we will continue tracking updates to help readers stay informed during this key phase for XRP.