The historic moment that XRP holders have been waiting for may finally arrive.
Over the years, the XRP community has witnessed several milestone events that fuel optimism and cause the popular token to soar in price.
One notable example is Ripple’s announcement earlier this year that the SEC had agreed to settle a long-running lawsuit, a turning point that reignited investor confidence. Now, several months later, the community appears to be approaching a potentially even more important date in XRP’s journey.
With recent amendments, Canary aims to automatically enable XRP ETFs. This means the fund will automatically start 20 days after your application. Since the amendment was filed on October 24th, pro-crypto journalist Eleanor Tellet suggests that Canary’s XRP ETF could become operational as early as November 13th, 2025.
The importance of November 13th
Now, Paul Baron believes November 13th could be the most important day for XRP holders in recent years. In his view, the economic importance of Canary ETFs going forward cannot be overstated. This is because the product is designed to provide institutional customers with regulated exposure to XRP.
In particular, he highlighted comments from Bitwise CIO Matt Hogan, who predicted that these funds could quickly amass billions of dollars in assets within the first few months of operation. This is already evident with the REX-Osprey XRP ETF (XRPR), but Paul claims it has a different structure.
Since the REX-Osprey XRP ETF debuted in September, the fund has already managed more than $100 million, with total assets under management now at $114 million. In addition to Canary, six other large companies have pending XRP ETF applications, including WisdomTree, Bitwise, 21Shares, CoinShares, Grayscale, and Franklin Templeton.
With Canary Capital leveraging the auto-validation mechanism to speed up the launch of the XRP ETF, Paul said the situation is developing into a competitive market race.
Will it be the catalyst for the next rally?
Meanwhile, Paul highlighted the potential impact these XRP ETFs could have on the token’s price movements. He detailed how the price of XRP soared by more than 10% immediately after the SEC dropped its lawsuit against Ripple. Therefore, he suggested that upcoming ETFs could be the next major catalyst for potential price increases.
As anticipation builds towards November 13th, it is important to note that the launch of Canary’s XRP ETF is ultimately dependent on Nasdaq approving the attached Form 8-A filing.
Additionally, the potential reopening of the U.S. government may also have an impact. Once the U.S. government reopens and the SEC resumes full operations, the SEC may issue further comments or feedback on the filing, which could impact whether the Fund becomes operational on November 13.
