According to recent filings, crypto-focused investment firm Canary Capital has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a spot XRP ETF. This move has sparked speculation about the imminent approval of an XRP ETF, with experts weighing in on its potential impact on the market. Nate Geraci, CEO of ETF Store, believes that "it's not a matter of if, but when" an XRP ETF will be approved. He attributes any potential delays to a possible change in administration. Geraci's comments underscore the growing anticipation within the industry for an XRP ETF, which could provide investors with a regulated and accessible way to gain exposure to the cryptocurrency. The development comes amidst ongoing regulatory scrutiny of the crypto market. The SEC has yet to approve a spot Bitcoin ETF, despite several applications. However, the filing for an XRP ETF suggests that regulators may be taking a more nuanced approach to approving cryptocurrency ETFs. If approved, an XRP ETF could offer several benefits to investors. It would provide a convenient and secure way to invest in XRP, eliminating the need for direct ownership and storage of the cryptocurrency. Additionally, an ETF would allow investors to diversify their portfolios by adding exposure to the crypto market.