21Shares Files Amendment for First U.S. Spot XRP ETF, 20-Day Countdown Begins

**21RP ETF: 20-Day Countdown Begins**

The world’s first and largest crypto Exchange-Traded Product (ETP) issuer, 21Shares, has made a significant move in the U.S. market. If the U.S. Securities and Exchange Commission (SEC) does not intervene within the next 20 days, the 21RP ETF could receive automatic approval by November 27, 2025.

**21RP ETF Clock Ticking**

On November 7, 2025, 21Shares filed Amendment No. 3 to its S-1 registration form with the SEC. This filing initiates a 20-day review period during which the SEC can either respond or allow the ETF to go live automatically on November 27. Bloomberg’s senior ETF analyst, Eric Balchunas, highlighted that if the SEC remains silent, it would mark a notable breakthrough for 21RP, which has long struggled to gain regulatory recognition in the U.S.

**Other Firms Join the XRP ETF Race**

This move comes amid heightened activity in the altcoin ETF space. Just prior to 21Shares’ filing, institutional giants such as Franklin Templeton, Grayscale, and Bitwise submitted similar amendments to their own ETF applications. Each of these filings triggers a new short approval countdown, signaling a growing wave of optimism for altcoin ETFs.

**WisdomTree Files for CoinDesk 20 ETF**

Adding to the momentum, WisdomTree has filed for a Physical CoinDesk 20 Spot ETF. This diversified fund will track the top 20 cryptocurrencies by market capitalization, offering investors exposure to a broad basket that includes Bitcoin (31.02%), XRP (19.60%), Ethereum, Cardano, Solana, and others.

**From Legal Victory to Wall Street Momentum**

Ripple’s 2023 legal victory against the SEC has significantly boosted institutional interest in XRP. Analysts like Nate Geraci view this as the start of a new era where altcoins can finally compete on Wall Street without regulatory concerns.

That said, uncertainty remains. The SEC could still intervene, delay, or deny the approval. However, if it does not, the 21RP ETF could make history as one of the first altcoin ETFs approved in the U.S.

Meanwhile, XRP’s price has seen a 4% increase, trading at around $2.32, with a market capitalization of approximately $139.19 billion.
https://bitcoinethereumnews.com/tech/21shares-files-amendment-for-first-u-s-spot-xrp-etf-20-day-countdown-begins/