XRP ETF Approval Imminent: Regulatory Delays Accelerate Launch Timeline
Analyst Nate Geraci, co-founder of the ETF Institute, predicts the first spot XRP ETF could launch within two weeks, as regulatory delays caused by the recent government shutdown have unexpectedly accelerated the approval timeline. Grayscale secured the initial approval on October 17, followed by five competitors, with Canary Capital's amended filing suggesting a November 13 launch date. This development signals a significant milestone for XRP adoption in traditional finance, potentially driving increased institutional interest and liquidity in the XRP market.
XRP ETF Approval Imminent as SEC Deadlines Lapse, Says Analyst
Nate Geraci, co-founder of the ETF Institute, anticipates the first spot XRP ETF could launch within two weeks. Regulatory delays caused by the recent government shutdown have accelerated the approval timeline, with multiple applications now likely to clear simultaneously.
Grayscale secured the initial approval on October 17, followed by five competitors. Canary Capital's amended filing suggests a November 13 launch date, while Bitwise's revised proposal outlines a 0.34% management fee for its NYSE Arca-listed product.
The developments mark a pivotal moment for Ripple after its protracted legal battle with the SEC. "The launch of spot XRP ETFs represents the final nail in the coffin of previous anti-crypto regulators," Geraci noted, underscoring the industry's regulatory evolution.
XRP vs SWIFT: Ripple's ODL Disrupts Cross-Border Payments with Speed and Cost Efficiency
Ripple's XRP-powered On-Demand Liquidity (ODL) solution is challenging SWIFT's dominance in cross-border payments by offering near-instant settlements at a fraction of the cost. Where SWIFT transactions typically incur 3-6% fees with multi-day settlement times, XRP transfers finalize in seconds with minimal on-chain costs.
The key innovation lies in eliminating nostro accounts - the pre-funded capital pools banks traditionally maintain in foreign currencies. By converting sender currency to XRP as a bridge asset, then to recipient currency, Ripple unlocks trapped liquidity while reducing operational overhead for payment providers.
High-volume corridors like US-Mexico and US-Philippines demonstrate the model's superiority, with recipients seeing faster crediting and institutions benefiting from lower internal processing costs. However, total savings remain variable depending on foreign exchange spreads, local partner fees, and regional compliance requirements.
Rather than a full replacement, XRP ODL currently serves as a complementary solution to SWIFT - optimizing specific payment routes where speed and liquidity efficiency provide maximum advantage. The technology represents a paradigm shift in correspondent banking, though widespread adoption still faces regulatory hurdles in key markets.
XRP Adoption Expands in Asia as Remittix Emerges as Potential Payments Disruptor
Ripple's XRP network is gaining significant traction across Asia, with financial institutions and fintech startups increasingly adopting its blockchain technology for cross-border transactions. From Singapore to Japan, regional banks are leveraging XRP's settlement capabilities to enhance remittance and treasury operations, signaling a shift toward real-world utility over speculative trading.
The token's price reflects this momentum, currently trading at $2.50 with a $151.05 billion market cap. Analysts note XRP's growing dominance in key remittance corridors spanning Southeast Asia, India, and the Middle East—regions that collectively process trillions in annual transfers.
Meanwhile, new competitor Remittix (RTX) is emerging with innovative payment models, positioning itself as another potential disruptor in the global finance space. Both projects exemplify crypto's evolving role in practical economic applications, with XRP leading through institutional partnerships and Remittix through technological innovation.
Ripple Acquires Palisade in $4 Billion Push Into Crypto Custody Services
Ripple has deepened its institutional crypto infrastructure strategy with the acquisition of Palisade, a digital asset custody and wallet provider. The move signals Ripple's commitment to bridging traditional finance and blockchain through secure asset management solutions.
Palisade's technology stack—featuring multi-party computation and zero-trust architecture—will enhance Ripple's ability to serve banks and corporations handling digital assets. The acquisition complements Ripple's existing payments and prime brokerage offerings, creating an end-to-end institutional crypto service suite.
The deal accelerates Ripple's expansion into multi-chain and DeFi ecosystems. By integrating Palisade's cross-chain compatibility, Ripple positions itself as a neutral gateway for institutions navigating fragmented blockchain networks.
Grayscale Advances XRP ETF Plans with Updated SEC Filing
Grayscale Investments has taken a decisive step toward launching the first U.S. spot XRP ETF, submitting Amendment No. 2 to its registration statement with the SEC. The November 3 filing outlines operational specifics for the Grayscale XRP Trust, including its passive investment structure and proposed NYSE Arca listing under ticker GXRP.
The trust will issue shares in 10,000-unit Baskets, tracking XRP's market price through Coinbase Custody's safeguarding and BNY Mellon's administrative oversight. This development comes as XRP solidifies its position as the fifth-largest cryptocurrency, boasting a $170 billion market capitalization.
Ripple's RLUSD Stablecoin Surpasses $1 Billion Valuation Milestone
Ripple's USD-pegged stablecoin RLUSD has crossed a significant threshold, with its circulating supply now valued at over $1 billion. Independent market trackers including CryptoQuant and Ripple Stablecoin Tracker on X have verified the achievement, signaling growing adoption of the digital asset.
The milestone underscores accelerating institutional interest in stablecoins as bridges between traditional finance and blockchain ecosystems. Ripple's expansion into this sector complements its existing cross-border payment solutions, though RLUSD trails market leaders like USDT and USDC in total supply.
