Monat: November 2025

• 21Shares triggers 20-day countdown for potential SEC approval of spot XRP ETF.
• Canary Capital’s XRP ETF also enters countdown window, may trade under ticker XRPC.
• Ripple gains momentum with new partnerships and RLUSD stablecoin milestone.

The countdown for a potential US spot XRP exchange-traded fund (ETF) has officially begun, with asset manager 21Shares filing an amended prospectus that activates a 20-day window under Section 8(a) of US securities law.

The move marks a significant step toward possible approval from the Securities and Exchange Commission (SEC) and has sparked renewed optimism within the XRP community.

21Shares triggers 20-day countdown

The development was first highlighted by Bloomberg ETF analyst Eric Balchunas, who noted in a post on X (formerly Twitter) that “21Shares just dropped an 8(a) for their spot XRP ETF. 20 day clock in effect.”

The Section 8(a) provision stipulates that a registration statement becomes effective automatically after 20 days unless the SEC intervenes to delay or request amendments.

The amended filing removes any “delaying amendment” language, meaning the countdown to potential effectiveness is now underway.

If the SEC does not act within the 20 days, the filing would become effective automatically, paving the way for the fund’s launch.

This procedural step has also been taken by other prospective XRP ETF issuers, signaling increasing competition among asset managers to bring the first US spot XRP ETF to market.

Canary Capital joins the XRP ETF race

The 21Shares filing follows a similar move by Canary Capital Group, whose XRP ETF filing also entered its 20-day countdown window earlier.

Canary Capital, in a post on social media, told investors to “get ready,” adding that the Canary XRP ETF (XRPC) is “coming soon.”

The proposed ETF would trade on Nasdaq under the ticker XRPC, holding XRP in custody with Gemini Trust Company and BitGo Trust Company.

The fund would use the CoinDesk XRP CCIX New York Rate as its official pricing benchmark.

Canary Capital’s entry into the race comes after the firm successfully launched the first US spot ETFs for Litecoin (LTC) and Hedera (HBAR) in late October — a move that strengthened investor confidence in the possibility of additional crypto ETF approvals, including for XRP.

Ripple momentum builds ahead of potential approval

The XRP ETF progress adds to what has already been a significant period for Ripple Labs and the broader XRP ecosystem.

Ripple recently announced new partnerships with Mastercard and WebBank to support settlement for its RLUSD stablecoin, while the XRP Ledger (XRPL) surpassed 100 million ledgers recorded.

Ripple’s stablecoin RLUSD also achieved a milestone, crossing the $1 billion circulation mark.

These milestones, coupled with the ETF momentum, have fueled optimism that institutional interest in XRP could rise sharply if an ETF gains regulatory clearance.

Market participants note that a US-approved spot XRP ETF would provide traditional investors with exposure to XRP through regulated channels, potentially driving liquidity and adoption.

As the 20-day countdown unfolds, the crypto community remains on watch.

Should the SEC refrain from issuing delays, the 21Shares XRP ETF could soon become the latest addition to the expanding lineup of digital asset investment products in the US.

The post Countdown begins for XRP spot ETF as 21Shares files amended prospectus appeared first on CoinJournal.

• Bitcoin’s $100K level turns from milestone to stress point amid fading crypto momentum.
• Analyst Mike McGlone warns “extreme calm” in crypto and stocks may precede volatility.
• Bitcoin’s strong link to Wall Street means stock turbulence could trigger crypto swings.

The cryptocurrency market is facing renewed pressure as Bitcoin struggles to maintain the $100,000 level—a price that once symbolized achievement but now represents uncertainty.

The total market capitalization has fallen to around $3.34 trillion, and key technical indicators suggest weakening momentum across digital assets.

Bitcoin currently trades near $102,405 after dipping below critical support and major moving averages, while Ethereum, Solana, and XRP also continue their downward trend.

A market growing too comfortable

According to Bloomberg’s senior macro strategist Mike McGlone, the $100,000 mark has evolved from a cause for celebration into a potential stress point.

In his latest analysis, McGlone describes the current market behavior as “unnaturally calm.”

Bitcoin, traditionally known for its volatility, has seen reduced movement even as it hovers around a psychologically important level.

McGlone warns that such stillness may not be sustainable.

He characterizes the market’s behavior as “extreme complacency,” noting that both equities and cryptocurrencies appear unusually stable.

His research compares Bitcoin’s 50-week moving trend with volatility measures such as the Cboe Volatility Index (VIX) and the S&P 500’s realized volatility.

The findings suggest that both markets are showing a rare degree of calm, something that, historically, precedes sharp fluctuations.

The VIX, often referred to as Wall Street’s “fear gauge,” typically averages around 19 over time.

McGlone predicts that a reversion toward that level could spark simultaneous turbulence in both traditional markets and digital assets.

“Periods of low volatility rarely last,” he cautioned, implying that investors may be underestimating potential risk.

Bitcoin enters “do or die” zone

Bitcoin’s price has repeatedly tested the $100,000 level after failing to sustain rallies beyond $110,000.

McGlone describes this stage as a “do or die” zone for the world’s largest cryptocurrency.

A successful defense of the $100,000 support level could mark the continuation of Bitcoin’s long-term uptrend, but a breakdown may send it closer to its long-term averages near $56,000.

Historically, similar moments have emerged midway through bull markets, when enthusiasm cools and the price corrects back to its trendline—a process analysts call “mean reversion.”

This cycle, McGlone notes, reflects the broader pattern of markets adjusting to their fundamental value after periods of exuberance.

Crypto still tied to Wall Street

Despite its reputation as “digital gold,” Bitcoin’s behavior remains closely linked to traditional financial markets.

The correlation between Bitcoin and the S&P 500 currently stands at around 0.53, suggesting that crypto continues to act like a high-beta tech asset rather than an independent store of value.

This tight relationship implies that volatility in US equities could spill over into digital assets.

For now, Bitcoin’s stability appears more a reflection of broader market calm than independent strength.

As McGlone observes, holding $100,000 is no longer a symbol of maturity but a test of resilience.

The coming weeks may determine whether Bitcoin cements its place as a durable global asset—or reveals that investor optimism has once again run ahead of reality.

The post Bitcoin’s $100,000 level turns from milestone to market stress point appeared first on CoinJournal.