- 21Shares files amended Form 8-A for spot XRP ETF with SEC.
- Filing triggers 20-day SEC review period.
- XRP price gains 5% amid intense speculation.
21Shares filed an amended Form 8-A with the SEC for a spot XRP ETF, initiating a 20-day review on November 7, 2025, sparking considerable market interest.
The filing suggests potential significant price movements for XRP, evidenced by a 5% increase, highlighting intensified market speculations and the ETF’s potential impact on similar asset trends.
The crypto community is closely observing 21Shares, which has filed an amended Form 8-A with the SEC for a spot XRP ETF. This filing has initiated a 20-day review period, stirring speculation about the potential market impact. Eric Balchunas, Senior ETF Analyst at Bloomberg, noted,
“21Shares just dropped an 8(a) for their spot XRP ETF.. 20 day clock in effect..”
21Shares, a major crypto ETP issuer, led by CEO Hany Rashwan, has made this pivotal filing. Market analysts are keenly reacting, noting the SEC’s lack of action might lead to the ETF going live automatically. Scott Melker, a market analyst, highlighted,
“It could automatically go live around November 27 if the SEC does not act!”
The filing has already had an impact, seeing XRP’s price increase by 5% within an hour. This surge indicates heightened institutional and retail interest in the cryptocurrency, driven by the ETF anticipation.
Market positioning suggests XRP might continue outperforming other assets like BTC and ETH. A technical setup hints at a potential breakout towards $2.80, aligning with growing trader sentiment.
Historical precedents show similar ETF filings lead to heightened institutional inflows. Past events such as Bitcoin ETF approvals increased the trading volumes and market liquidity, suggesting that XRP might experience substantial market movements.
Analysts are predicting a significant price surge, potentially a “god candle,” similar to past XRP price rallies following key events. Regulatory decisions and market sentiment are expected to guide XRP’s short-term trajectory.
