Report from Ripple Swell 2025 The conference shows growing interest in XRP. Traders and fund managers are keeping a close eye on November.
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According to speakers at the event, some planned moves could push more funds into the token in the short term.
Canary Capital ETF Schedule
Canary Capital’s Spot ETF is scheduled to become operational after the updated S-1 filing, and could become operational automatically 20 days later, on November 13th.
Reporting from the stage, Canary Capital CEO Stephen McClurg confirmed the update. The filing removed an amendment that would have given the SEC greater control over product effective dates.
According to reports, the schedule is still subject to change if the SEC returns questions or if government operations change, but for now, November 13th is being eyed as the key date.
Cool retail and whale activities
CryptoQuant charts show that retail trading activity has cooled since the massive drop on October 10, when around $19 billion was wiped out in a single day.
Smaller investors have retreated to neutral territory, which some analysts are reading as cautious waiting rather than retreat. At the same time, large-scale on-chain moves to exchanges have plummeted from about 49,000 on October 25th and 44,000 on October 11th to about 800 on a recent Friday.
The decline in trades from whales to exchanges suggests that fewer large sellers are now moving funds to exchanges.
“The second half of November is going to be big for them.” $XRP and @Ripple,” said @TeucriumETF CEO @Gilbertie During the summary of #rippleswell Day 1. Come on, everyone… please believe! ✨ pic.twitter.com/mw9VLuRUCB
— Ray Fuentes (@RayFuentesIO) November 5, 2025
institutional signals
Swell speakers noted increased interest from institutional investors. Teucrium CEO Sal Gilbertie told the audience that the second half of November could be critical. XRPconnects its views to broader trends in tokenization and institutional flows.
Citibank’s predictions cited at the event said tokenized assets could reach trillions of dollars within five years, and other panelists cited deliberate moves by traditional finance players.
According to reports, Circle also has plans to begin trading public shares in early December, which some see as another move toward more mainstream involvement.
Advice from market participants
Mr Gilberti urged holders to focus on the long term. “Trust me, you don’t have to worry about volatility. As adoption increases and more institutional money comes in, the fluctuations will smooth out,” he said.
This view is shared by other commentators, and the ETF list And onboarding by institutional investors has historically changed how markets price assets.
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What to watch next
Market participants will track whether SEC processes, additional filings, and government calendars impact the ETF’s launch date.
On-chain signals such as whale transfers and exchange flows are also closely monitored. So far, reports suggest a mix of caution among retail traders and increased interest at the financial institution level suggests November 13th is the day many are watching.
Featured image from Unsplash, chart from TradingView
