The long-awaited historic moment that XRP holders have been anticipating may finally be on the horizon.
The XRP community has witnessed several milestone events over the years that have fueled optimism and driven price surges for its favored token.
One notable example came earlier this year, when Ripple announced that the SEC had agreed to settle its long-running lawsuit—a turning point that reignited investor confidence. Now, several months later, the community appears to be approaching yet another potentially pivotal date in XRP’s journey.
Next Important Date for XRP Holders
According to Paul Barron, the host of crypto-focused podcast ‘The Paul Barron Network (PBN), November 13 could go down as the most crucial day for XRP in recent years. This date is when leading asset manager Canary Capital intends to launch its highly anticipated spot-based XRP exchange-traded fund (ETF).
Canary, which recently launched two separate ETFs focused on Litecoin and Hedera, is attempting to follow the same route to bring its XRP ETF to market. As previously reported, Canary amended its S-1 registration statement, removing the “delaying amendment,” which initially gave the SEC the exclusive right to determine when the fund could debut.
With the recent amendment, Canary aims to make its XRP ETF auto-effective, meaning the fund would launch automatically 20 days after the filing. Since the amendment was submitted on October 24, pro-crypto journalist Eleanor Terrett suggests that Canary’s XRP ETF could go live as early as November 13, 2025.
Importance of November 13
Now, Paul Barron believes November 13 could be the most important date for XRP holders in recent years. In his view, the economic importance of Canary’s upcoming ETF cannot be overstated. This is because the product is designed to provide institutional clients with regulated exposure to XRP.
Notably, he highlighted comments from Bitwise CIO Matt Hougan, who predicted that these funds could quickly attract billions of dollars in assets within the first few months of going live. This is already evident in the REX-Osprey XRP ETF (XRPR), which Paul argues has a different structure.
Since the REX-Osprey XRP ETF debuted in September, the fund has already surpassed $100 million in assets under management, with its total AUM now standing at $114 million. Besides Canary, six other major firms, such as WisdomTree, Bitwise, 21Shares, CoinShares, Grayscale, and Franklin Templeton, have pending XRP ETF applications.
With Canary Capital leveraging the auto-effective mechanism to fast-track its XRP ETF launch, Paul noted that the landscape has evolved into a competitive race to market.
Next Catalyst for a Rally?
Meanwhile, Paul highlighted the potential impact that these XRP ETFs could have on the token’s price action. He recounted how the price of XRP spiked by over 10% immediately after the SEC dropped its case against Ripple. Hence, he suggested that the upcoming ETFs could be the next major catalyst for a potential price surge.
As anticipation mounts ahead of November 13, it’s important to note that the launch of Canary’s XRP ETF ultimately hinges on Nasdaq’s approval of the accompanying Form 8-A application.
Additionally, the potential reopening of the U.S. government could play a role. If the U.S. government reopens and the SEC resumes full operations, the agency may issue further comments or feedback on the filing, which could impact whether the fund goes live on November 13.
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