
Jakarta, Pintu News – The announcement of the launch of an exchange-traded fund (ETF) for Ripple in the next few days marks a new era for the company and the cryptocurrency industry as a whole. Nate Geraci, ETF expert, predicts that this launch will be a major blow to previous anti-crypto regulators.
Nate Geraci, co-founder of the ETF Institute, revealed via a post on X on November 3 that the launch of the first Ripple (XRP) ETF is expected within two weeks.
This comes after the prolonged US government shutdown made the SEC late in meeting the final deadline for several Ripple (XRP) ETFs. The Grayscale Ripple (XRP) ETF was the first to get approval on October 17.
Five other issuers such as 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree were also pending with the SEC last month. Canary Capital has updated their Ripple (XRP) ETF application with language which is expected to launch on November 13. This follows Canary’s automatic approval of Litecoin and HBAR ETFs last month with 8-A and CERT filings.
Read also: Hedera (HBAR) ETF Coming Soon to the US Market, Here’s What You Need to Know!
The launch of the Ripple (XRP) ETF is a major victory for Ripple in the face of previously anti-crypto regulators. The SEC lawsuit had stunted the growth of Ripple and Ripple (XRP) for over five years. The administration led by Paul Atkins under the crypto-friendly Trump administration had ended the suit earlier this year.
Nate Geraci states that the launch of the Ripple (XRP) ETF marks the final nail in the coffin of previous anti-crypto regulators. Ripple (XRP) reached a multi-year peak after the SEC v. Ripple lawsuit finally came to an end.
Also read: 3 Token Unlock in Early November 2025
The price of Ripple (XRP) fell 3% in the last 24 hours from a high of $2.56, with the price currently trading at $2.42. However, trading volume surged 40% in the past 24 hours, indicating great interest among traders. Analyst Ali Martinez points out that Ripple (XRP) is starting to show signs of weakness in the 4-hour chart.
He expects the price to retest $2.25 next. The launch of the Ripple (XRP) ETF could trigger massive buying and bullish momentum towards the $2.80 and $3 resistance levels. Whales have started accumulating Ripple (XRP) amid Evernorth’s cash developments.
The launch of the Ripple (XRP) ETF not only marks a new chapter in the evolution of the crypto market but also a validation of the growth and acceptance of Ripple (XRP) as a major investment asset. With growing support from institutions and investors, the future of Ripple (XRP) looks bright.
That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference