The crypto industry is approaching a major milestone as the market anticipates the potential approval of an in the United States (US). Analysts suggest that recent developments regarding the review could deliver the final nail in the coffin for XRP. With ETF filings still awaiting approval, the market is watching closely, as a green light could pave the way to greater mainstream adoption and institutional investment in XRP. 

XRP ETF To Become Game-Changer For The Market

Nate Geraci, President of NovaDius Wealth Management and co-founder of The ETF Institute, recently on X social media that the first Spot within the next two weeks. He described this event as the “final nail in the coffin” for the previous wave of anti-crypto regulators. 

Notably, the US SEC had been involved in , which concluded about three months ago. Geraci believes that the approval of a Spot XRP ETF represents a significant step forward for not only XRP but also the broader cryptocurrency industry. 

The temporary , which started in October, has pushed back XRP ETF approvals. However, new reports of bipartisan efforts to government operations have reignited expectations of an ETF. Geraci in a subsequent X post that the end of the government shutdown could unleash a wave of, with a 33 Act spot XRP ETF likely coming this week.

Recently, the US listed nine new Spot XRP ETFs on its platform, increasing expectations of a launch this November. The list includes XRP ETFs from top asset managers such as Bitwise, Franklin Templeton, Canary Capital, Volatility Shares, CoinShares, T-Rex Osprey, 21Shares, and many others. 

ETF Filing Amendment Brings Launch Closer Than Ever

Further evidence that an XRP ETF may be imminent comes from recent filing updates by leading issuers. Eric Balchunas, senior ETF analyst at Bloomberg, that 21Shares has an 8(a) form with the US SEC on November 7 for its spot XRP ETF. The new changes in the filing officially activate a 20-day countdown for the approval and launch of an XRP ETF by November 27. 

Crypto commentator John Squire also that if the US SEC does not take action within the allotted period, the approval would automatically proceed. Similarly, multiple issuers, including , have also “delaying amendments,” triggering the same 20-day automatic approval countdown. 

Notably, these filings suggest that the market is moving closer to a regulatory green light for XRP ETFs. Amid recent developments, Squire has pointed out that the US has never been this close to fully approving an XRP ETF. Should the SEC give its authorization, it could significantly transform trading volume, liquidity, and in the market. It would also expand the current major ETF offerings beyond just .