Popular ETF analyst Nate Geraci, president of NovaDius Wealth Management, has projected the first spot XRP exchange-traded funds (ETFs) in the United States could debut within the next two weeks.
Specifically, Geraci noted that the timeline for the launch, which would mark a key regulatory and market move for the XRP Ledger’s native token, is around mid-November 2025.
According to the market expert, the upcoming XRP ETF launch would represent one of the most symbolic shifts in U.S. crypto regulation. He emphasized that the approval of the investment vehicle underscores the significant progress digital assets have made in gaining institutional legitimacy, particularly following Ripple’s protracted legal battle with the US Securities and Exchange Commission (SEC).
The lawsuit, which lasted nearly five years, concluded only three months ago, clearing the path for XRP-based financial products to enter regulated markets. Geraci characterized the ETF approval process as “the final nail in the coffin of previous anti-crypto regulators.”
Canary and Bitwise Lead the XRP ETF Race
Geraci’s projected timeline aligns with the anticipated debut of Canary Capital’s XRP ETF, which could launch as early as November 13. Canary recently amended its S-1 registration statement, removing the delay clause that had previously slowed progress. The amendment enables a potential listing within 20 days, placing the launch squarely within Geraci’s forecasted window.
Adding to this sentiment, crypto journalist Eleanor Terrett reported that Canary’s ETF approval hinges on Nasdaq’s green light of its Form 8-A filing and the SEC’s decision to refrain from further comments. Meanwhile, Bloomberg ETF analyst Eric Balchunas revealed that Bitwise has filed its fourth S-1 amendment for its own XRP ETF.
Bitwise just updated their XRP ETF filing to include exchange (NYSE) and fee of 0.34%, which are typically the last boxes to check. Amendment #4. pic.twitter.com/BUnkasSQY5
— Eric Balchunas (@EricBalchunas) October 31, 2025
The updated filing identifies the New York Stock Exchange (NYSE) as the listing venue and sets a management fee of 0.34%. Balchunas said these were “the last boxes to check,” implying the fund may have completed its regulatory cycle and is awaiting a final launch notice. Fellow Bloomberg analyst James Seyffart echoed that sentiment, adding that Bitwise and VanEck now join a growing roster of issuers preparing for November launches.
Meanwhile, XRP’s price continues to struggle. At press time, XRP was trading at $2.40, representing a 4.69% decline over the past 24 hours. Moreover, the token’s price has posted 7% and 20.58% losses over the weekly and monthly timeframe, respectively.
The CoinRemark Team
Brenda Kanana
