XRP rose 10% over the past 24 hours as trading volumes nearly doubled following spot exchange-traded fund filings by Canary Capital and 21Shares. The Form 8(a) submissions initiate a 20-day regulatory review period before potential Nasdaq listing approval by the U.S. Securities and Exchange Commission.

The U.S. Securities and Exchange Commission has postponed decisions on several XRP exchange-traded fund applications to November 14 due to the federal government shutdown. The REX-Osprey XRP ETF has exceeded $100 million in assets under management. The shutdown has now extended beyond 25 days, freezing the SEC's review process for multiple XRP-linked funds.