The pace to begin the first map XRP alternate-traded fund (ETF) has entered a decisive section whilst the crypto market faces steep losses. On October 10, the U.S. Securities and Change Commission (SEC) obtained a new situation of S-1/A amendment filings for proposed XRP ETFs from 21Shares, Bitwise, Franklin Templeton, WisdomTree, Grayscale, and Canary Capital.
21Shares Files CME-Linked XRP ETF
The most modern filing from 21Shares outlines a fund designed to be aware XRP’s price the usage of the CME CF XRP-Dollar Reference Fee (XRPUSD_NY), a identified benchmark oldschool by institutional merchants.
The ETF will be organized as a Delaware belief and will serve XRP in chilly storage with Coinbase Custody Believe Firm. Shares will checklist on the Cboe BZX Change, giving merchants publicity to XRP by map of standard brokerage accounts.
21Shares XRP ETF Files S-1/A with SEC: Objectives to Note XRP Impress by the exhaust of CME Benchmark, Lists on Cboe BZX
#XRP #ETF pic.twitter.com/8dqmdz3vXy— 𝗕𝗮𝗻𝗸XRP (@BankXRP) October 11, 2025
The filing confirms the ETF will be passive, with out a exhaust of leverage or derivatives. Authorized Members will make or redeem shares in alternate for money or XRP in step with the CME benchmark. The document moreover notes the product carries high risk and lacks FDIC insurance or Investment Firm Act protections.
SEC Introduces Faster ETF Itemizing Suggestions
Present regulatory updates would possibly well perhaps moreover pace up ETF approvals. For the first time, the SEC’s new generic ETF list requirements enable exchanges like Nasdaq, Cboe, and NYSE to checklist map crypto ETFs with out separate case-by-case approval.
Previously, applications typically took more than 240 days to job. The brand new principles would possibly well perhaps moreover minimize that to 60–75 days, a wide change for issuers ready in line.
Crypto analyst Diana said that 21Shares and Canary own revised their filings to fulfill up up to now requirements. Adjustments consist of:
- Clearer custody and redemption procedures
- Stronger surveillance-sharing agreements
- Fat alignment with SEC recommendations
“These updates are the more or less cleanup you attain apt earlier than start,” she wrote on X.
Initiate Could perhaps Approach in Early 2026
If the SEC stays on its most modern be aware, XRP ETFs would possibly well perhaps moreover debut shortly. The important issuer to fulfill the criteria will flow ahead beneath the new rapidly-be aware job.
The next steps consist of:
- Acknowledgment letters confirming receipt
- Change list notices beneath new principles
- Efficient S-1 trouble
- Any conditional approvals that will be aware
Uncertainty remains. The SEC would possibly well perhaps moreover restful delay choices, especially given political tensions and the most modern executive shutdown.
