XRP ETF Hype vs. Shutdown Risk: How Far Price Can Run Before “Sell the News”

XRP’s spotlight is increasing arsenic aggregate spot ETF filings — by Bitwise, Franklin Templeton, 21Shares, Canary Capital, CoinShares, and more— look connected the DTCC platform. Among them, Canary’s filing stands out, with its November 13 model drafting the astir focus. This portion looks astatine however acold the XRP terms could spell if these spot ETFs summation approval.

Or however sentiment mightiness displacement if the US authorities shutdown ends aboriginal and brings caller SEC comments that hold the archetypal launch.

Whales holding betwixt 100 cardinal and 1 cardinal XRP person started adjusting positions arsenic the ETF model nears.

On November 9, this cohort controlled 8.38 cardinal XRP, worthy astir $20.8 cardinal astatine existent prices. By November 10, their holdings slipped to 8.37 cardinal XRP, a driblet of astir 10 cardinal XRP, oregon $25 cardinal successful value.

The alteration whitethorn look small, but it signals reduced condemnation among apical holders. Their behaviour often leads broader sentiment — and this pullback shows mild hesitation contempt the buzz astir imaginable ETF auto-approval.

The Hodler Net Position Change metric, which tracks holdings from semipermanent investors, adds to that caution. Between November 2–3, HODLers offloaded astir 102.5 cardinal XRP. By November 10, the fig widened to 135.8 cardinal XRP, a 32% summation successful regular outflows. It means holders are steadily taking nett portion the marketplace rallies, not adding to strength.

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So, wherefore the hesitation from whales? The reply lies successful timing. If the shutdown continues, Canary’s filing could spell auto-effective without SEC reappraisal — but if the authorities reopens early, SEC unit could contented caller comments that propulsion support back.

https://twitter.com/eleanorterrett/status/1983973905896210716?s=46&t=H-MrTuNvkcokgvCx6TS0Dg

That regulatory uncertainty mightiness beryllium making adjacent assured traders defensive.

However, Canary isn’t the lone issuer removing the delaying amendment. Franklin Templeton besides filed an updated S-1 connected November 4, stripping retired the aforesaid clause that lets the SEC power timing. Initially, Franklin's XRP ETF support day was connected November 14.