**Bitwise’s NYSE Listing Update Hints XRP ETF Approval Could Arrive Within 20 Days**
Bitwise, the $15 billion asset management giant, may soon bring its XRP ETF to life. The company recently submitted Amendment No. 4 to its XRP ETF filing with the U.S. Securities and Exchange Commission (SEC), revealing two crucial updates. Experts suggest that such updates often signal the final step before approval. If the SEC gives the green light, the XRP ETF could launch within just 20 days.
On October 31, Bitwise filed Amendment No. 4 to update its S-1 form. The latest document includes two key details: the listing venue will be the New York Stock Exchange (NYSE), and the management fee will be set at 0.34%.
Eric Balchunas, senior ETF analyst at Bloomberg, sees Bitwise’s filing as a significant milestone for XRP’s integration into traditional finance. He said, “Adding the NYSE and fee means Bitwise has checked nearly all boxes.” Historically, when issuers disclose exchange and fee details in their S-1 forms, it typically means they are awaiting the SEC’s final approval.
**XRP ETF Could Launch in 20 Days**
Following this update, Bloomberg Intelligence’s ETF expert James Seyffart provided additional insight, noting that Bitwise’s filing contains “shorter language,” which could facilitate the product going live within 20 days pending SEC clearance.
Seyffart also highlighted that Bitwise isn’t the only player moving forward. Major firms like VanEck, Fidelity, and Canary Funds have also updated their filings, signaling an intensifying race to launch an XRP ETF.
Meanwhile, Crypto America host Eleanor Terrett reported that Canary Funds removed the “delaying amendment” from its S-1 filing. This amendment previously gave the SEC control over timing. With its removal, Canary’s XRP ETF is positioned for a possible launch date of November 13, provided Nasdaq approves its 8-A filing.
**Impact of XRP ETF on Price**
Following these XRP ETF developments, XRP’s price experienced a modest uptick, trading around $2.51, reflecting growing optimism among traders.
Analysts believe that approval of the XRP ETF would mark the first-ever U.S. spot ETF for XRP—a historic milestone likely to propel the token toward its all-time high price.
Currently, XRP faces strong resistance near the $2.75 level. A breakout above this resistance could pave the way for testing the psychological $3 mark. However, if selling pressure persists, XRP may experience a correction of up to 19%, potentially retesting the $2 support zone within its long-term channel pattern.
Stay tuned for further updates as the SEC’s decision on the XRP ETF approaches.
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