**21RP ETF Filing Ignites 20-Day Countdown: Will XRP Become the Next U.S. Crypto ETF?**
The XRP community woke up to major news this week. The filing for a 21RP exchange-traded fund (ETF)—a seemingly small legal step—could have outsized implications for altcoins and how U.S. investors access them. What initially looks like paperwork might actually be the final trigger in the ongoing race between regulators, issuers, and the crypto market.
—
**Why the 21RP ETF Filing Matters**
When a company submits a Section 8(a) amendment, the SEC has twenty days to respond, delay, or do nothing. If the agency remains silent, the registration automatically becomes effective—potentially around November 27, 2025, for this ETF. This legal maneuver drastically accelerates what’s usually a lengthy, open-ended review process. Instead of waiting indefinitely, 21Shares (the company behind 21RP) is now forcing regulators to act.
21Shares previously filed for a spot XRP ETF earlier this year, but the application languished while the SEC prioritized Bitcoin and Ethereum products. With this amendment, 21Shares is signaling that it’s ready and waiting: “Your move, SEC.”
—
**A Strategic Filing—and Its Impact**
Analysts say the timing wasn’t random. The filing hit the SEC’s database on November 7, just as optimism about altcoin ETFs was rising. Bitcoin and Ethereum products have already set a precedent, and now asset managers are watching to see if that can extend to tokens like XRP.
If the SEC lets the 8(a) clock expire, 21RP’s legal status would be settled by procedural default—potentially reshaping how crypto assets reach regulated U.S. markets.
—
**Instant Market Reaction: XRP Surges**
Traders responded immediately. Within an hour of the filing’s publication, XRP jumped nearly 5%, moving from around $2.20 to $2.32. Volumes spiked on Binance, Coinbase, and Bybit as speculators poured in. Derivatives desks also saw a rush of new long positions, suggesting that the market sees this filing as more than just bureaucratic paperwork.
Some analysts described it as a “signal flare” for XRP—a clear indication that institutional finance is warming up to the token after years of caution.
—
**Shift in Investor Sentiment**
It’s not just about the price movement. For years, XRP has occupied an awkward space: too large to ignore, yet too controversial for mainstream adoption. The 21RP ETF aligns XRP with a growing narrative of crypto-as-infrastructure—tokens valued less for speculative trading and more for their role in powering payments and liquidity.
If this narrative holds, the ETF could attract demand from traders who once wrote XRP off as a relic of early crypto days.
—
**21Shares’ Role in the ETF Landscape**
21Shares, a Swiss-based issuer, is no newcomer to the ETF race. They manage a suite of European crypto ETPs and have partnered with ARK Invest on several U.S. ETF applications. Filing under Section 8(a) shows their willingness to test regulatory boundaries, even at the risk of outright rejection.
Other asset managers—like Franklin Templeton and Grayscale—are rumored to be planning their own XRP ETFs. If 21Shares succeeds first, they could shape the future structure of altcoin ETFs, from custody models to share redemption processes.
—
**Potential Custodians & Market Depth**
The filing doesn’t specify a custodian, but insiders point to Coinbase Custody or Anchorage Digital as logical options, both of which are already approved for Bitcoin and Ethereum ETFs. Liquidity won’t be an issue—XRP is regularly among the top five cryptocurrencies by daily trading volume, often exceeding $2 billion. Still, ETF success depends on transparent share creation, redemption mechanisms, and investor trust once the fund begins trading.
—
**Regulatory Uncertainty: Key Questions Remain**
The big unknown is whether the SEC will intervene. The agency could halt the countdown with a single letter requesting revisions, as it’s done before with Bitcoin funds. But if the SEC stays silent, the XRP ETF could slip through by procedural default—setting a new precedent and challenging the belief that only Bitcoin and Ethereum can achieve “spot” ETF status.
Some market participants see this as a bold stress test of regulatory limits; others call it a strategic play to force new conversations about crypto policy. Regardless, the coming weeks could determine whether XRP transforms from a debated token into a fully regulated, exchange-traded asset that institutions can confidently hold.
—
**Read More:**
– [21Shares ETP: Unlocking Institutional Access to On-Chain Derivatives](#)
– [Bitcoin and Gold ETFs Shock Wall Street With Rare Top 10 Trading Surge](#)
*Stay tuned as we watch what could be a pivotal moment for XRP and the future of altcoin ETFs in the U.S. market.*
https://bitcoinethereumnews.com/tech/21shares-sparks-20-day-countdown-with-new-filing-for-spot-xrp-etf-6/