- DTCC lists five spot XRP ETFs, fueling imminent launch speculation.
- SEC’s fast-track approval process boosts hopes for XRP ETF debut.
- Major issuers like Bitwise and Canary prepare for XRP rollout.
The XRP community was filled with excitement after the Depository Trust and Clearing Corporation (DTCC) listed five spot XRP exchange-traded funds under its “active and pre-launch” category. This move has fueled expectations that the long-awaited products may begin trading soon.
Among the listed funds are Bitwise (XRP), Franklin Templeton (XRPZ), 21Shares (TOXR), Canary (XRPC), and CoinShares (XRPL). The DTCC, known for providing post-trade clearance and settlement services, plays a critical role in preparing ETFs for public trading. Hence, a listing often signals readiness for launch, even though it does not guarantee SEC approval.
Moreover, the development follows a pattern seen with other digital asset ETFs. Canary’s spot Litecoin fund, for instance, appeared on the DTCC earlier this year before debuting eight months later. Consequently, investors now believe that XRP ETFs might follow a much faster path, given recent regulatory shifts in the United States.
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Growing Optimism Around a Possible November Launch
Market anticipation has been rising amid reports that the U.S. Securities and Exchange Commission (SEC) has adopted new generic listing standards for exchange-traded products. This change allows ETF issuers to fast-track approval through amended S-1 filings, potentially clearing the way for spot XRP ETFs to become effective automatically by mid to late November.
According to Nate Geraci, President of NovaDius Wealth Management, the first line of spot XRP ETFs could debut as early as next week. His comments on X have added to growing optimism across the market. Similarly, Canary Capital CEO Steven McClurg reportedly told attendees at the Ripple Swell event that his firm is fully prepared to launch its spot XRP ETF in the coming days.
Besides, recent approvals for spot Litecoin, Solana, and Hedera ETFs have encouraged issuers to move swiftly toward expanding their crypto product lines. The Senate’s tentative agreement to end the government shutdown has also eased regulatory delays, providing the SEC more capacity to review pending filings.
What This Means for the Market
The appearance of these funds on the DTCC list suggests that major asset managers are strategically positioning for the next phase of digital asset investment. It also reflects growing institutional confidence in XRP, which continues to gain traction following Ripple’s partial legal victories and increasing adoption across global payment networks.
Overall, while a DTCC listing does not ensure a launch, it represents a meaningful step toward bringing regulated XRP exposure to U.S. investors. Hence, if the SEC’s approval timeline proceeds without obstacles, the crypto market may soon witness the introduction of the first-ever spot XRP ETFs potentially marking a new milestone for both Ripple and the broader digital asset industry.
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