**Bitwise’s Fourth S-1 Amendment Signals Near-Final SEC Readiness for XRP ETF**
Bitwise Asset Management has taken a decisive step toward securing approval for the first U.S.-listed XRP exchange-traded fund (ETF). On October 31, the firm submitted Amendment No. 4 to its S-1 filing with the U.S. Securities and Exchange Commission (SEC), adding key details that suggest the filing is nearing completion.
The latest amendment reveals that the XRP ETF will be listed on the New York Stock Exchange (NYSE) and will feature a management fee of 0.34%. According to Bloomberg’s senior ETF analyst Eric Balchunas, “Bitwise just updated their XRP ETF filing to include exchange (NYSE) and fee of 0.34%, which are typically the last boxes to check.”
### XRP ETF May Start Trading Soon
Past experience indicates that filings at this stage may be approved shortly once the SEC completes its review. The update is written in concise and clear language, which could expedite the approval process. If the regulator does not delay further, trading could begin in approximately 20 days.
James Seyffart from Bloomberg Intelligence highlighted this aspect, stating, “Only the Bitwise XRP ETF has the shorter language that might allow it to launch in 20 days.” However, other issuers are continuing to file amendments and updates past the initial deadline.
### Canary Funds Eyes November 13 Launch
Several asset managers are preparing similar products. Canary Funds recently removed a delay-related clause from its S-1 filing, effectively shifting timing control away from regulators. Canary is positioned for a possible November 13 launch, provided the Nasdaq clears its 8-A filing in time.
Eleanor Terrett from Crypto America noted that government scheduling could influence the final launch date depending on the SEC staff’s review. She commented, “The government reopening could affect the timing, potentially moving it up if the filing is complete and the SEC is satisfied, or back if staff propose additional comments.”
### Massive XRP ETF Inflows Could Push Prices Higher
Optimism remains high regarding demand for an XRP spot ETF. Steven McClurg, CEO of Canary Capital, stated, “I may have been a little bearish. We’re going to hold to that number. If it hits that number, at least I’ll be right, and if it’s $10 billion, then I’m still right because we got at least $5 billion.”
Such inflows could place the XRP ETF among the top-performing ETFs of all time, potentially ranking in the top 10 or 20.
Notably, the previously introduced hybrid product REX-Osprey’s XRP ETF has recorded net inflows of $124.9 million, signaling growing interest from large investment firms in XRP-related exchange products.
### XRP Price Outlook
Analysts believe that significant inflows into an XRP spot ETF could drive the token’s price sharply higher, potentially reaching unprecedented levels. As of the latest update, XRP is trading around $2.50, marking a 1% increase in the past 24 hours.
The token faces strong resistance near $2.75. If buyers manage to push prices above that level, XRP could climb to $3. Conversely, increased selling pressure might cause a decline to around $2, representing a roughly 20% decrease from the current price.
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Stay tuned for more updates as the SEC review process unfolds and the potential launch of the first U.S.-listed XRP ETF approaches.
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