21Shares Wins U.S. Approval for XRP ETF, Market Eyes Possible Rally
21Shares announced U.S. approval for a spot XRP ETF on Nov. 29, 2025, a development that could broaden institutional access to XRP and lift market liquidity. Traders and investors are drawing parallels to the Bitcoin and Ethereum rallies that followed ETF approvals earlier this year, suggesting renewed demand could push XRP prices higher in the near term.
The approval matters because a U.S.-listed ETF simplifies exposure for large asset managers, pensions, and retail platforms that prefer regulated vehicles over direct custody. While this increases the probability of inflows and tighter spreads, analysts caution that macro factors, regulatory shifts, and on-chain fundamentals will still shape the magnitude and durability of any rally. Market participants should watch trading volumes, custody terms, and SEC commentary for signals on sustained institutional adoption.