The long wait for XRP exchange-traded funds (ETFs) is nearly over. Both Bitwise and Canary Capital have filed the final updates required for their spot XRP ETFs, setting up a mid-November launch that could reshape the crypto ETF landscape.
According to the latest SEC filings, Canary Capital’s XRP ETF is set to go live around November 13–14, while Bitwise’s ETF will follow a few days later, between November 19–20. These dates are based on a 20-day countdown that automatically triggers after removing the SEC’s “delay amendment,” a process accelerated by the recent government shutdown.
With at least seven issuers preparing XRP ETFs, analysts say the race is on to capture the first round of institutional demand for Ripple’s native asset.
Solana’s Breakout Adds Pressure on XRP Issuers
The XRP filings follow a surprising twist in the ETF market. Last week, Bitwise’s Solana ETF (BSOL) became the number one crypto ETF in the U.S. by inflows, recording an impressive $417 million—beating both BlackRock’s Bitcoin ETF (IBIT) and Ethereum’s ETH ETFs combined.
Futures and Spot ETFs: Why XRP’s Timing Matters
While futures-based crypto ETFs have existed for years, spot ETFs are seen as the real milestone because they’re physically backed by the asset. For XRP, this means actual tokens will be held to support each share, tightening supply and potentially driving price demand.
The growing interest in altcoin ETFs, from Litecoin and Hedera (HBAR), shows how quickly institutional crypto products are expanding beyond Bitcoin and Ethereum.
But for XRP, the moment carries special weight. After years of legal battles and skepticism, Ripple’s token could finally gain the institutional recognition many investors have been waiting for.
What Happens Next
If all goes as expected, November 2025 will mark the official arrival of spot XRP ETFs on Wall Street. Canary Capital’s product will likely be first to launch, followed closely by Bitwise and other issuers once they file their final amendments.
For XRP, this isn’t just another listing. It’s a long-awaited validation moment that could cement its role in institutional portfolios and signal a new phase of competition among crypto ETFs.
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