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- Five spot XRP ETFs now listed on DTCC.
- Regulatory approvals expected soon after government reopening.
- Market debut could mark a milestone for XRP adoption.
The cryptocurrency world may soon see a major milestone as five spot XRP ETFs appear on the Depository Trust and Clearing Corporation (DTCC) website, signaling that market launches could happen later this month. With regulatory hurdles clearing and investor interest rising, the stage is set for a significant development in XRP adoption.
Multiple XRP ETFs Ready to Launch
DTCC listings show that funds from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares are now officially registered. The listed products include the Franklin XRP Trust (XRPZ), 21Shares (TOXR), Bitwise XRP ETF, Canary (XRPC), and CoinShares (XRPL). Historically, a DTCC listing indicates that trading and settlement processes are nearing completion, often preceding a product’s market debut.
Franklin Templeton recently updated its S-1 filing with the U.S. SEC, allowing the ETF to launch automatically once all conditions are met. Bitwise has also filed its final amendment, while Canary Capital’s the coin fund is advancing after withdrawing a delaying amendment. Analysts suggest these products could go live as soon as Nasdaq processes accompanying filings.
Political Developments Clear Regulatory Hurdles
The likelihood of these ETF launches has strengthened after the U.S. Senate ended the government shutdown, approving a bipartisan funding package. The SEC can now resume normal operations, lifting a hold on new financial product approvals. This reopening clears the path for pending XRP ETF filings to move forward.
Also Read: Reasons XRP Could Outperform Bitcoin Again — Experts Say Now Is the Time
Previously launched leveraged the coin funds, such as Teucrium 2x Long Daily (XXRP) and Rex-Osprey (XRPR), have already attracted strong investor inflows, with XRPR now managing over $100 million. Analysts suggest that the launch of five spot XRP ETFs could mark a turning point for mainstream adoption of the coin.
XRP ETFs Poised to Transform Market Access
If these ETFs launch this month, retail and institutional investors may gain easier, regulated access to XRP, boosting liquidity and visibility. With DTCC listings, SEC approvals progressing, and political uncertainties resolved, the cryptocurrency ecosystem is likely on the cusp of a significant milestone.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
