XRP ETF Countdown Begins: 20-Day Clock Starts, Analyst Says
**21RP and Canary Capital’s XRP ETFs Enter Crucial 20-Day Regulatory Review Window in the U.S.**
The anticipation for a spot XRP ETF in the U.S. is intensifying as two major filings have triggered the important 20-day regulatory review period under U.S. securities law. Asset manager 21Shares’ submission for the 21RP ETF and Canary Capital Group’s XRP ETF filing have both entered this automatic countdown, marking significant steps toward potential approval by the Securities and Exchange Commission (SEC).
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### 21RP ETF Filing Sets the Clock in Motion
The 21RP ETF filing by 21Shares includes a “no delaying amendment” clause, which, per Section 8(a) of U.S. securities law, means the filing will automatically become effective after 20 days unless the SEC intervenes. This confirmation was further supported by Bloomberg ETF analyst Eric Balchunas via Twitter, underscoring the procedural countdown that offers the SEC a window to approve, request modifications, or delay the ETF’s launch.
If the SEC takes no action within this period, the 21RP ETF will move forward automatically—bringing the first spot XRP ETF closer to reality in the U.S. market.
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### Canary Capital’s XRP ETF Also Under Review
Similarly, Canary Capital Group’s XRP ETF filing has entered its own 20-day review window. The company has been building momentum for their product, which is expected to trade under the ticker symbol **XRPC** on the Nasdaq. Canary Capital already manages spot ETFs for other digital assets like Litecoin and Hedera, adding confidence to their capability in launching an XRP-focused ETF.
Key infrastructure details include custodial partnerships with Gemini Trust Company and BitGo Trust Company, as well as using the CoinDesk XRP CCIXber 60m New York Rate as the pricing benchmark. These strong institutional arrangements highlight growing support and maturity within the XRP ETF ecosystem.
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### Ripple’s Expanding Influence and XRP’s Milestones
Alongside these ETF developments, Ripple continues to strengthen its position in the digital asset space. Notably, Ripple has forged strategic partnerships with Mastercard and WebBank to support RLUSD settlements on the XRP Ledger. The XRP Ledger itself has surpassed a monumental milestone of over 100 million individual ledgers, emphasizing its expanding adoption and utility.
Moreover, Ripple’s stablecoin, RLUSD, recently crossed the $1 billion mark in circulation, signifying robust interest and trust from the market. These achievements reinforce XRP’s growing role and help build momentum towards broader institutional and regulatory acceptance.
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### Growing Institutional Interest in XRP ETFs
The excitement around potential approvals of spot XRP ETFs is fueled by increased institutional demand for easier exposure to XRP without the complexities of direct cryptocurrency custody. An approved spot XRP ETF would provide a regulated, accessible investment vehicle, likely attracting new institutional players and enhancing market liquidity.
As these regulatory review windows progress and Ripple’s ecosystem strengthens, the cryptocurrency community eagerly watches how these factors will influence XRP’s market dynamics and adoption in the near future.
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**In summary,** the 20-day countdown periods for both 21RP and Canary Capital’s XRP ETF filings represent key moments in the push for regulated XRP investment products in the U.S. Combined with Ripple’s advancing partnerships and stablecoin milestones, the outlook for XRP’s integration into mainstream finance is increasingly positive.
https://coincentral.com/xrp-etf-countdown-begins-20-day-clock-starts-analyst-says/
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