First U.S. Spot XRP ETFs Could Launch Next Week. Here’s Why

The cryptocurrency market is on the verge of a pivotal moment. The launch of the first U.S.-listed spot XRP ETFs could happen next week, marking a significant milestone in traditional finance’s adoption of this major altcoin.

What the DTCC Listing Reveals

According to Coin Bureau’s post on X, the Depository Trust & Clearing Corporation (DTCC) recently listed five spot XRP ETFs under its “active and pre-launch” category — specifically vehicles from Bitwise Asset Management, Franklin Templeton Investments, 21Shares, Canary Capital, and CoinShares.

Inclusion in DTCC’s active/pre-launch registry indicates that operational readiness steps — such as custody arrangements and settlement processing — are in place for these funds.

That said, this listing does not amount to formal regulatory approval by the U.S. Securities and Exchange Commission (SEC). Approval remains the final gatekeeper.

Regulatory and Market Context

The broader regulatory landscape dramatically shifted on September 18, 2025, when the SEC approved rule changes allowing national exchanges to adopt generic listing standards for certain spot crypto ETFs — thereby drastically reducing the time and complexity required for listing.

With the launch of spot Bitcoin and Ethereum ETFs now behind us, issuers are keen to replicate that window of opportunity with other large-market-cap tokens such as XRP. The firms’ coordinated filing amendments indicate they’re preparing for a launch.

Why This Matters for XRP and the Market

If one or more of these spot XRP ETFs begin trading next week, institutional access to XRP could broaden significantly. ETFs offer a regulated, familiar pathway for capital flow into underlying crypto assets, which may enhance liquidity, narrow spreads, and bring new investor classes into the fold.

The anticipation of the launch has already boosted XRP’s price and trading volume. For instance, XRP rose more than 8% in a session as ETF expectations mounted.

Moreover, a successful launch could pave the way for further altcoin ETFs and accelerate the integration of crypto into mainstream asset portfolios.

Risks & Timing Considerations

Despite the optimism, investors must remain mindful of caveats. Listing on the DTCC does not equal SEC approval. Final regulatory sign-off could still face delays or require additional disclosures.

Additionally, the magnitude and timing of fund inflows will depend heavily on issuer market-making infrastructure and investor demand, which can be unpredictable.

Given these factors, market watchers will be looking for formal exchange notices announcing ticker symbols, launch dates, and trading venues — these are the final stepping stones before live trading begins.

Outlook

All signs currently point toward a launch window in mid-November, possibly as early as next week. If approved, the first wave of U.S. spot XRP ETFs may go live shortly, marking a notable milestone for the token and the broader digital-asset ecosystem. For crypto journalists, academics, and traders alike, this development merits close attention.