21Shares Sparks 20-Day Countdown with New Filing for Spot XRP ETF

**21Shares Files for Spot XRP ETF: What It Means, Why It Matters, and What Comes Next**

Big news hit the XRP community this week: 21Shares, the Swiss-based asset manager, filed a key amendment for its spot XRP ETF. While this might sound like routine paperwork, it could be a game-changer for how altcoins reach U.S. investors.

Let’s break down what happened, why it matters, and what could come next.

—

### Key Takeaways

– **21Shares’ new filing starts a 20-day clock. If the SEC stays silent, the ETF could become effective around November 27, 2025.**
– **XRP surged nearly 5% immediately after the filing, as traders bet on potential U.S. approval of the ETF.**
– **This legal move might fundamentally shift the race between crypto issuers, regulators, and the market for altcoin exposure.**

—

## What Section 8(a) Actually Does

When a company submits an 8(a) amendment, the Securities and Exchange Commission (SEC) gets 20 days to respond. The agency can choose to comment, delay, or simply do nothing. If it stays silent, the registration becomes effective automatically.

This is why the new filing matters: it shortens what’s often a long, open-ended review. Instead of waiting months for word, 21Shares is forcing a clear timeline. After previously filing for a spot XRP ETF earlier this year—and seeing no movement while the SEC focused on Bitcoin and Ethereum products—the company’s new move says: “We’re ready. Your move.”

—

## A Tactical Decision

Analysts say the timing of this filing is deliberate. It arrived on November 7, just days after renewed optimism about altcoin-based ETFs. Bitcoin and Ethereum ETF approvals have already paved the way, and major asset managers are now testing whether those precedents can extend to other tokens.

If the SEC lets the 20-day window expire, without comment or delay, 21Shares’ ETF could become the first regulated spot XRP fund available to U.S. investors—a historic shift, even as XRP’s legal status continues to be debated in court.

—

## Ripple Effects in the Market

### XRP’s Instant Reaction

Within an hour of the filing’s appearance in the SEC database, XRP spiked almost 5%, jumping from around $2.20 to $2.32. Volumes soared on Binance, Coinbase, and Bybit as speculators piled in. Derivatives desks also saw a burst of new long positions, showing that the market views this filing as more than a formality.

Some analysts called it a “signal flare” moment for XRP—a sign that institutional investors are warming up to the token, after years of skepticism.

### Investor Sentiment Turns Cautiously Optimistic

The boost isn’t just about price. For years, XRP has occupied an odd middle ground: large enough to matter, but too controversial to touch. This new ETF filing supports the idea of tokens not simply as speculative assets, but as infrastructure for payments and liquidity. If that narrative catches on, the ETF could attract traders who previously dismissed XRP as a relic of early crypto.

—

## The Broader ETF Landscape

### Where 21Shares Fits In

21Shares is no stranger to the ETF race. With a suite of European crypto ETPs and U.S. applications in partnership with ARK Invest, the firm has proved it’s willing to challenge U.S. regulatory boundaries—even at the risk of rejection.

Competitors like Franklin Templeton and Grayscale have hinted at their own XRP strategies, closely watching the outcome. If 21Shares leads the way, it could set the standard for how future altcoin ETFs are structured, from custody arrangements to redemption models.

### Potential Custodians and Market Depth

While the filing doesn’t specify a custodian, industry insiders point to Coinbase Custody or Anchorage Digital—both already approved for Bitcoin and Ethereum ETFs.

Liquidity is not a concern. XRP routinely ranks among the top-five most-traded cryptos by daily volume, often surpassing $2 billion. However, ETF success will also rely on seamless share creation/redemption for authorized participants and strong investor trust in the fund’s transparency once trading begins.

—

## Unanswered Questions and Regulatory Uncertainty

No one can say for sure if the SEC will intervene. The agency could pause the countdown with a simple letter requesting revisions—similar to what it’s done with Bitcoin ETFs. But if it remains silent, the XRP ETF could slip through by procedural default, shaking up assumptions that only Bitcoin and Ethereum “deserve” spot treatment.

Some see this moment as a bold stress test of regulatory boundaries. Others view it as a strategic push to advance the market conversation, even if approval doesn’t happen right away.

Either way, the next few weeks will be crucial. They could define whether XRP graduates from a long-debated token into a regulated, exchange-traded asset that institutions can finally hold.

—

**Read More:**
– [21 ETP: Unlocking Institutional Access to On-Chain Derivatives](#)
– [Bitcoin and Gold ETFs Shock Wall Street With Rare Top 10 Trading Surge](#)

—

**Stay tuned for updates as the SEC’s countdown progresses. The XRP ETF is now in play—and the entire altcoin market could be watching what happens next.**
https://bitcoinethereumnews.com/tech/21shares-sparks-20-day-countdown-with-new-filing-for-spot-xrp-etf-3/