While speculation surrounding the XRP ETF continues to rise, approval remains elusive as key players like DTCC and the SEC await official confirmation. Notably, a surge in XRP prices of 36% is attributed to market anticipation for this potential launch, demonstrating the significant impact regulatory clarity can have on cryptocurrency markets. 2025’s November 12th deadline brings renewed focus to the SEC’s role in approving the ETF. Key to this approval are exchange notices and an effective S-1 filing from the U.S. SEC. These steps remain crucial despite the recent filings by firms like Canary Asset Management. This lack of official launch highlights a critical point: SEC approval will be vital in paving the path for institutional investment. Historical precedent with BTC and ETH ETFs demonstrates potential investor inflows once trading commences, emphasizing the need for regulatory compliance and swift communication post-approval announcement.