Expert Says First 1933 Act Spot XRP ETF Could Launch This Week

Nate Geraci, president of NovaDius Wealth Management, has indicated that the first spot XRP ETF structured under the Securities Act of 1933 could launch this week

Geraci made this statement earlier today while commenting on the imminent conclusion of the prolonged U.S. government shutdown.

US Senate Advances Package to End Shutdown

Yesterday, the U.S. Senate voted to advance a plan that could bring the 40-day government shutdown to an end later this week. In a 60-40 vote, the senators approved a package that would fund several federal agencies through January 30, 2026.

Meanwhile, he emphasized that investors can expect to see the first regulated spot XRP ETF, structured under the 1933 Securities Act, launch this week. For context, the 1933 Act governs the registration and public offering of securities, including ETFs.

In the U.S., commodity-based ETFs, particularly those holding the underlying asset, are registered under the 1933 Act. However, those linked to futures are usually under the Investment Company Act of 1940.

Although REX-Osprey launched the first spot XRP ETF in the U.S. in September, this fund was registered as an investment company under the Investment Company Act of 1940. The product offers a different regulatory structure from the Bitcoin and Ethereum ETFs, which were approved last year under the 1933 Act.

Canary XRP ETF Could Go Live on November 13

According to Geraci, the first 1933 Act spot XRP ETF could debut as early as this week. Notably, the projected timeline aligns with the scheduled launch of Canary Capital’s spot XRP ETF. The Canary XRP ETF is set to launch on November 13, pending approval from the SEC.

This development follows the asset manager’s October 24 amendment to include the 8(a) language, potentially setting the stage for the product’s automatic effectiveness within 20 days of the update. Canary used the same process to launch two other spot crypto ETFs tied to Litecoin and Hedera.

Following its success, the firm is pursuing a similar move for its XRP ETF. Accordingly, the product could launch by November 13, provided the SEC does not object.