The post 21Shares Initiates 20-Day SEC Review for XRP Spot ETF appeared on BitcoinEthereumNews.com.

Key Points: 21Shares files XRP spot ETF with SEC; review underway. Automatic trading possible if no SEC response. XRP price rose 5-6% post filing announcement. 21Shares has submitted a Form 8(a) to the U.S. SEC, officially starting a 20-day review for its proposed XRP spot ETF, as confirmed by Bloomberg’s Eric Balchunas. The filing reflects increased institutional interest in regulated crypto products, with XRP’s price rising by 5% to $2.32, highlighting market optimism pending the SEC’s approval. 21Shares’ Spot ETF Filing: Implications and Timing 21Shares’ submission to the U.S. Securities and Exchange Commission (SEC) under Section 8(a) starts the required 20-day review for their spot XRP ETF application. Bloomberg’s Eric Balchunas confirmed the filing via social media on November 9, 2025. “21Shares had ‘dropped an 8(a),’ officially starting the approval clock,” confirming direct regulatory countdown commencement. If approved by the SEC, the XRP spot ETF could trade publicly under the ticker TOXR on the Cboe BZX Exchange as early as late November. This would mark XRP’s entry into potential mainstream institutional portfolios, reflecting growing interest. Market reactions were immediate, with XRP prices showing a 5-6% increase within hours of the announcement. Eric Balchunas remarked on social media about the potential significance of this approval, emphasizing its alignment with prior BTC and ETH ETF successes. Historical Context and Potential Market Impact Did you know? XRP’s anticipated ETF move mirrors substantial past reactions triggered by the SEC’s shift in stance toward BTC and ETH ETFs, which historically catalyzed increased institutional adoption and price surges. CoinMarketCap reports XRP currently trades at $2.26, with a market cap of $135,877,051,766. Its 24-hour trading volume is $2,604,036,108, reflecting a decline of 55.87%. The circulating supply stands at 60,107,199,237 out of a maximum supply of 100 billion. XRP(XRP), daily chart, screenshot on CoinMarketCap at 10:17 UTC on…

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Filed under: News - @ November 9, 2025 10:22 am