XRP ETF Filings Updated to Overcome Shutdown Delays: Launch Expected in November

Issuers are updating their filings for spot XRP ETFs to ensure they can launch despite the ongoing government shutdown.
Traders are being cautious due to a prolonged market downturn.
The Ripple (XRP) community has some positive news on the ETF front.
Requested updates from Franklin Templeton, Canary Capital, and Bitwise aim to allow ETF products to start trading this month.
The pending XRP ETF launch represents a significant milestone following a prolonged legal battle with the SEC.

Key Takeaways

Issuers are updating their filings for spot XRP ETFs to ensure they can launch despite the ongoing government shutdown.
Traders are being cautious due to a prolonged market downturn.
The Ripple (XRP) community has some positive news on the ETF front.
Requested updates from Franklin Templeton, Canary Capital, and Bitwise aim to allow ETF products to start trading this month.
The pending XRP ETF launch represents a significant milestone following a prolonged legal battle with the SEC.

Issuers update XRP ETF filings to bypass shutdown delays: Launch likely in November

Introduction

Amid the current government shutdown, there is a ray of hope for the Ripple (XRP) community. Updates to spot XRP ETF filings have been made, allowing these financial products to potentially begin trading in November. According to James Seyffart, an ETF analyst at Bloomberg, issuers like Franklin Templeton, Canary Capital, and Bitwise have completed necessary paperwork to proceed.

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Positive Outlook for XRP ETFs

Seyffart noted that this adjustment could allow XRP ETFs to start trading this month, aligning them with other altcoin ETFs that include Solana (SOL), Litecoin (LTC), and Hedera Hashgraph (HBAR). To provide some context, recently approved Spot SOL ETFs also began trading after similar updates permitted their launch without needing approval from the SEC.

Significance of XRP Market Positioning

The launch of a U.S. spot XRP ETF would be historic, especially as Ripple Labs has faced a five-year lawsuit with the SEC. Nate Geraci, co-founder of ETF Prime, commented on this, stating that launching these ETFs represents a significant defeat for previous anti-crypto regulatory efforts.

However, despite these positive developments, XRP's price trends seem largely influenced by broader market sentiment. The price recently fell to $2.0 before rebounding to $2.2, showing a 12% decline in November amid fears of a looming "death cross," which could further lower prices if market sentiment continues to falter.

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Market Dynamics and Whale Behavior

Recently, the pressure from whale traders has decreased significantly, as shown by the Whale Flow 30DMA. Over the past two months, significant players have sold off more than 45 million XRP, which has correlated with a price drop from $3.5 to $2. If these whales start accumulating XRP again, it could potentially uplift the bulls, similar to the recovery trend seen in Q2 2025.

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Cautious Sentiment in Options Trading

At the same time, options traders have been purchasing short-dated puts as a hedge against risks, which reflects a level of caution and uncertainty in the market's near-term outlook. This trend is highlighted by the 25-Risk Reversal (25RR) metric, which tracks market sentiment and positioning.

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Conclusion

In conclusion, while the upcoming XRP ETF launch brings optimism to the Ripple community, the prevailing weak market sentiment casts a shadow over this positivity. With whale activity slowing but caution persisting, market participants remain vigilant as they await the potential impacts of the upcoming ETF launch.