Bitwise’s XRP ETF could be launched in the coming weeks after the company files what experts call a “final amendment” to the U.S. Securities and Exchange Commission (SEC).
Bitwise finalizes key details for XRP ETF approval
In its latest filing, Amendment No. 4, Bitwise added two details commonly seen just before an ETF goes into operation. The proposed XRP ETF will trade on the New York Stock Exchange (NYSE) and will carry a 0.34% management fee, according to the filing.
Bloomberg analyst Eric Balchunas noticed These final items typically indicate impending approval and are described as “last checkboxes.”
Other companies such as VanEck, Fidelity, and Canary Funds have also updated their XRP-re.late Documents submitted over the past few weeks.
new: @BitwiseInvest and @Vanek Join the team of publishers applying for the possibility of launching crypto products next month (November). Previously @faithful and @CanaryFunds Create a file for solana in this way. There was also a canary file for XRP. It will be interesting to see how this plays out. pic.twitter.com/DUog7xlcu3
— James Seyffert (@JSeyff) October 31, 2025
for example, Canary Fund” The latest submission removed the “delayed amendment” that typically prevents automatic enrollment. With this procedural adjustment, spot XRP ETFs could be launched as early as mid-November. The move comes as there is growing optimism regarding regulatory clarity for digital asset products.
Typically, before a product can be launched, the SEC must sign off on the issuer’s Form 8-A filing after a mandatory 20-day waiting period. Once cleared, these applications are an important step towards approval for trading on the exchange.
Both Bitwise Fund and Canary Fund have already filed Form 8-A with Nasdaq. This means that final approval from the exchange is the final hurdle before trading begins.
The launch schedule is subject to change if the U.S. government resumes operations before the 20-day period ends.
Interest in this token is increasing as institutional investors increase their investments. For example, managed assets are REX-Osprey XRP ETF (XRPR) It recently surpassed $100 million.
CME Group also added more XRP derivatives to its portfolio. To meet the growing demand from professional traders, they have added new options.
Bitwise builds on the success of Solana ETF
Bitwise’s XRP filing coincides with the company’s recent launch of service. Solana ETF (BSOL). Last week, SOL-based ETFs saw over $44 million in new inflows, bringing total assets to over $500 million.
Experts describe this as part of a broader “capital rotation” away from Bitcoin and Ether products towards emerging layer 1 assets and yield-producing assets. “Investors are looking for new narratives and yield-driven opportunities,” said Vincent Liu, chief investment officer at Cronos Research.
XRP is being touted as one of the next destinations for that moving capital. Some analysts believe this rotation could flow directly into future XRP-based ETFs.