XRP News Today: Institutions Enter Crypto While DeFi Remains a Speculative Arena—Investors Stand at a Critical Juncture

21Shares has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot

exchange-traded fund (ETF), initiating a 20-day review window. If the SEC does not intervene, the ETF could be automatically approved by November 27. This development is a significant milestone in broadening institutional participation in XRP, the digital currency created by Ripple, and highlights increasing regulatory acceptance of crypto investment products. The ETF is designed as an investment trust that mirrors the CME CF XRP Dollar Reference Rate and will be listed on the Cboe BZX Exchange. It will not use leverage or derivatives, instead tracking only the price of XRP, as detailed in a .

This filing comes amid a wave of similar applications from companies like Franklin Templeton and Grayscale, reflecting a broader industry trend. The SEC, under Chair Paul Atkins, shortened the review period for spot crypto ETFs from 240 days to 75 days in September, according to a

. Bloomberg’s senior ETF analyst Eric Balchunas verified 21Shares’ filing, pointing out that the expedited process could see the fund launch by late November, as reported by Coinotag. The ETF will be seeded by 21Shares US LLC, which will acquire initial XRP baskets to provide immediate liquidity, according to Coinotag.

XRP has demonstrated stability, trading at $2.32 in early November with a 4.2% increase over 24 hours, despite a 7% drop over the past week, Coinotag reports. Market observers believe that approval of the ETF could attract more institutional investment to XRP, similar to the impact seen with

and spot ETFs. Nevertheless, the regulatory environment continues to evolve, and the SEC’s final verdict may sway market sentiment.

As competition for the XRP ETF heats up and alternative coins like MUTM attract attention, investors must choose between regulated crypto investments and the potential for outsized returns in DeFi. The upcoming weeks will reveal whether institutional involvement can spark broader optimism in the market, or if volatility will continue amid ongoing regulatory and technical challenges.