Bitwise Files has updated its XRP ETF documentation, confirming NYSE listing and 0.34% management fee.
Experts say the XRP ETF could be launched within 20 days if approved by the SEC.
Meanwhile, XRP price rose to $2.51 amid growing optimism over upcoming ETF approval news.
The long-awaited Bitwise XRP exchange-traded fund (ETF) could soon become a reality. $15 billion asset management giant Bitwise has filed Amendment No. 4 to its XRP ETF application with the U.S. Securities and Exchange Commission (SEC), revealing two key details.
Experts believe such updates typically mark the final step before approval. If approved by the SEC, the XRP ETF could become operational in as little as 20 days.
Two major updates to Bitwise XRP ETF
On October 31, Bitwise filed Amendment No. 4 with the SEC updating its S-1 Form. The latest update document includes two important details. One is that the company will be listed on the New York Stock Exchange (NYSE). Next, the management fee will be 0.34%.
Eric Balchunas, senior ETF analyst at Bloomberg, believes Bitwise’s latest filing is a major step forward for XRP’s entry into traditional finance. “Adding NYSE and fees means Bitwise has checked almost every box.”
Bitwise has updated its XRP ETF filing to include exchange (NYSE) and 0.34% fees. These are usually the last items to check. Correction number 4. pic.twitter.com/BUkasSQY5
— Eric Balchunas (@EricBalchunas) October 31, 2025
Historically, when issuers include exchange and fee details on their S-1 forms, it usually means they simply wait for a final green light from the SEC.
XRP ETF could launch within 20 days
Following news of the update, Bloomberg Intelligence ETF expert James Seifert added further context, noting that Bitwise’s latest filing includes “shorter language” that could allow the product to go live in as little as 20 days, pending SEC approval.
Seyffart pointed out that in addition to Bitwise, other major companies such as VanEck, Fidelity, and Canary Funds have also updated their filings, suggesting that the race to launch an XRP ETF is heating up quickly.
Meanwhile, Crypto America host Eleanor Terret revealed that Canary Funds has removed a “delay amendment” from its S-1 filing that gave timing control to the SEC.
This would set the launch date for Canary’s XRP ETF to be November 13th, if Nasdaq approves the 8-A filing.
Impact on XRP ETF price
After the latest XRP ETF update, the price of XRP rose slightly and was trading around $2.51, showing increased optimism among traders.
Analysts say that if the XRP ETF is approved, it would be the first-ever XRP spot ETF in the United States, a historic moment that would push the token towards all-time highs.
Currently, XRP is facing strong resistance near the $2.75 level. A break above this could open the door to a test of the $3 psychological mark.
However, if selling pressure continues, XRP could correct by up to 19% and retest the $2 support zone within a long-term channel pattern.
