The race to bring altcoins into the mainstream investment world just took a serious turn. The world’s first & largest crypto ETP issuer, 21Shares, just filed Amendment No. 3, moving one step closer to launching the first-ever spot XRP ETF in the U.S.
If the SEC doesn’t step in within the next 20 days, the fund could get automatic approval by November 27.
21Shares Kicks Off the XRP ETF Clock
On November 7, 2025, 21Shares filed Amendment No. 3 to its S-1 form with the U.S. Securities and Exchange Commission (SEC). This filing triggers a 20-day review period, during which the SEC can either respond or let the ETF go live automatically by November 27.
Bloomberg’s senior ETF analyst Eric Balchunas pointed out that if the SEC stays silent, 21Shares’ spot XRP ETF will be automatically approved. That’s a huge development, especially since XRP has long struggled for regulatory recognition in the U.S.
Other Firms Join the XRP ETF Race
This move didn’t happen in isolation. Right before 21Shares’ filing, institutional giants like Franklin Templeton, Grayscale, and Bitwise made similar amendments to their own ETF applications.
Each of these filings restarts a short approval countdown, signaling a growing wave of optimism for altcoin ETFs.
WisdomTree Files for CoinDesk 20 ETF
But that’s not all. Meanwhile, WisdomTree took things further by filing for a Physical CoinDesk 20 Spot ETF, a diversified fund tracking the top 20 cryptocurrencies by market cap.
This ETF will offer investors exposure to a diverse basket including Bitcoin (31.02%), XRP (19.60%), Ethereum, Cardano, Solana, and others.
From Legal Victory to Wall Street Momentum
Ever since Ripple’s 2023 legal win against the SEC, institutional interest in XRP has surged. Analysts like Nate Geraci believe this marks the beginning of a new phase, where altcoins can finally compete on Wall Street without regulatory fear.
Still, uncertainty remains. The SEC could step in, delay, or deny. But if it doesn’t, 21Shares’ XRP ETF could make history.
Following this announcement, the XRP price has seen a jump of 4%, trading around $2.32, with a market cap of $139.19 billion.
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