Breaking! Asset management giant 21Shares has submitted the S-1 registration statement for the XRP Spot ETF to the SEC (form 8(a)), and Bloomberg's ETF expert Eric Balchunas confirmed the news first. According to the process, this application is now entering a 20-day countdown to automatic effectiveness - unless the SEC actively halts it, it will automatically receive the green light for listing by late November. This is not a trivial matter; following BTC, ETH, SOL, and DOGE, XRP could become the next mainstream cryptocurrency to obtain a regulatory pass. To be honest, the symbolic significance of this matter is greater. It basically confirms that XRP is treated as a "commodity token" in the United States, no longer the "security suspect" that was closely monitored by the SEC. For traditional financial institutions, this means they finally have a compliant channel to allocate XRP; for retail investors, it also provides a convenient investment tool. After the news came out, the short-term trend of XRP has clearly become much stronger. The market is reassessing its long-term value—after all, once institutional funds flow in through the ETF channel, the imagination for demand will be quite different.