XRP ETF Launch Nears After DTCC Lists Five Issuer Filings

The anticipated launch of spot XRP exchange-traded funds (ETFs) has received a significant boost this week following the Depository Trust & Clearing Corporation (DTCC) listing five major issuer applications in its "active and pre-launch" register. These listings indicate a critical operational milestone has been met for potential XRP ETF products.

The specific offerings listed are from prominent asset managers including Bitwise Asset Management (with the ticker XRP), Franklin Templeton (XRPZ), 21Shares (TOXR), Canary Capital (XRPC), and CoinShares (XRPL). The inclusion on the DTCC platform, which manages clearing and settlement for U.S. securities, is a widely recognized precursor to trading commencement, although it does not guarantee an immediate launch.

Spot XRP ETFs Advance Towards Launch

For an extended period, institutional investors have primarily had access to spot ETFs tracking only the most established cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH). Altcoins, including XRP, were largely excluded due to prevailing regulatory and structural challenges.

This landscape began to shift in mid-September 2025 when the Securities and Exchange Commission (SEC) approved new generic listing standards designed to expedite the approval process for spot crypto ETFs. Following the implementation of these revised rules, major asset management firms rapidly accelerated their filings for crypto-native ETFs.

The current DTCC listing of these five spot XRP ETFs is now being interpreted by industry observers as a strong indicator that issuers are confident in their operational readiness. Pending final regulatory approval, these funds could potentially begin trading within weeks, possibly even within the current month.

Broader Altcoin ETF Trend Paves the Way for XRP

This development follows a broader trend of spot ETFs being introduced for various altcoins. Earlier this year, spot ETFs for cryptocurrencies like Litecoin, Solana, and Hedera successfully launched after undergoing their own DTCC listings and receiving SEC approval. This precedent demonstrates how achieving structural readiness can effectively precede regulatory clearance.

Furthermore, firms such as Canary Capital have publicly indicated their readiness for a swift launch, a sentiment echoed at the recent Ripple Swell 2025 conference. The CEO of Canary Capital specifically noted that their spot XRP ETF could be operational as early as the following week, utilizing a no-delay amendment approach.

Potential Surge in Institutional Access and Liquidity

The commencement of trading for one or more of these ETFs could represent a significant turning point for XRP's institutional accessibility. Spot crypto ETFs are known to broaden the investor base by offering regulated exposure without the necessity of direct token ownership.

This increased accessibility is likely to enhance liquidity, deepen market depth, and elevate XRP's overall profile. Historical market commentary has often linked similar ETF launches to subsequent price increases. Indeed, on the day of the DTCC listing, XRP experienced a notable surge of over 6%, surpassing a key resistance level around $2.35.

For the issuers, the DTCC listing confirms that their operational readiness, custody arrangements, benchmark pricing, and settlement structures are largely in place. For investors, this inclusion serves to reduce one layer of uncertainty, as the process, while still requiring SEC approval, appears to be nearing its final stages.

DTCC Listing Does Not Constitute SEC Approval

It is crucial to emphasize that inclusion on the DTCC register is a procedural step and not equivalent to final SEC approval. Each fund's application still requires explicit clearance from the SEC for trading to commence.

Potential delays or modifications to the applications remain a possibility. Moreover, past precedents suggest that even after a launch, it may take time for investor flows and trading volumes to reach significant levels. Therefore, the market should exercise caution and not anticipate an immediate influx of capital.

XRP ETFs Poised to Transform Institutional Trading

By adding five spot XRP ETFs to its active and pre-launch register, the DTCC has conveyed a strong indication that institutional investment vehicles for XRP are closer to becoming a reality than ever before. With the SEC's streamlined rules and the issuers' demonstrated preparedness converging, the market may be on the verge of a transformative new chapter for XRP.

Should these funds receive approval and launch as expected, they possess the potential to significantly broaden access, attract substantial capital inflows, and fundamentally alter the trading dynamics for one of the cryptocurrency space's longest-standing digital assets.

Franklin Templeton Nears Launch of Spot XRP ETF