Spot XRP ETF Launches May Be Imminent Following DTCC Listing

The long-awaited spot XRP exchange-traded funds (ETFs) may soon debut, as the Depository Trust and Clearing Corporation (DTCC) has listed five XRP-based products under its “active and pre-launch” category - a key step that often precedes official market entry.

The listing includes funds from Bitwise (XRP), Franklin Templeton (XRPZ), 21Shares (TOXR), Canary (XRPC), and CoinShares (XRPL). While inclusion on the DTCC platform doesn’t confirm regulatory approval, it is typically viewed as a strong indicator that issuers are preparing for imminent launches.

Signs Point to a Mid-November Debut

The DTCC listing follows a wave of new crypto ETFs launched this year, including spot Litecoin, Solana, and Hedera funds. Notably, Canary’s Litecoin ETF appeared on the DTCC months before its eventual debut, suggesting XRP products could follow a similar timeline – potentially within weeks.

Market watchers have become increasingly optimistic since the U.S. Securities and Exchange Commission (SEC) implemented streamlined listing procedures for exchange-traded products (ETPs). The new rules allow issuers to update their S-1 filings without undergoing lengthy procedural reviews, meaning approvals could take effect automatically by mid-to-late November.

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At the recent Ripple Swell conference, Canary Capital CEO Steven McClurg confirmed that the firm is “ready to launch” its spot XRP ETF as early as next week. Similarly, NovaDius Wealth Management President Nate Geraci said on X that he expects “the first line of spot XRP ETFs” to roll out in the coming days.

Ripple Effect for Altcoin ETFs

Following the success of Bitcoin and Ethereum ETFs earlier this year, asset managers are racing to introduce regulated exposure to other major altcoins. XRP’s inclusion on DTCC’s roster suggests it could be the next digital asset to secure broad market access.

With the U.S. Senate nearing a deal to end the government shutdown, the SEC may soon regain full capacity to process pending applications – a crucial step that could push the spot XRP ETF era into motion before the month’s end.