The U.S. Senate reached a budget agreement Sunday to end the longest government shutdown in history, sending XRP up more than 12% to $2.56 as 11 exchange-traded fund products appeared on the Depository Trust and Clearing Corporation website. The rally reflects mounting expectations that multiple XRP funds could launch within days.
The DTCC now lists 11 XRP ETF products in its active and pre-launch category. 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify and Franklin Templeton have all secured DTCC tickers, though Grayscale's XRP Trust and WisdomTree's fund remain absent from the listing.
Market Expectations and Regulatory Environment
While DTCC inclusion doesn't guarantee regulatory approval, it confirms the trading infrastructure is operational. ETF expert Nate Geraci posted on X that the shutdown ending equates to spot crypto ETF floodgates opening, adding that markets could see the first Securities Act of 1933 spot XRP ETF launch this week.
Bloomberg ETF analyst Eric Balchunas noted the shutdown conclusion triggered an uptick in U.S. equity futures. He stated that spot XRP ETF launches represent the final nail in the coffin for anti-crypto regulators, referencing the SEC's five-year litigation against Ripple that ended three months ago.
Potential ETF Launches and Investor Access
Canary Capital announced Friday that its XRP ETF is coming soon. Geraci speculated the product could go live by week's end, potentially becoming one of the first XRP investment vehicles available through traditional brokerage accounts for both institutional and retail investors.
The 21Shares fund would become the first XRP exchange-traded product and fourth altcoin ETP launched under the Act of 1933. Spot Bitcoin and Ether ETFs received approval under the same framework but were listed under the Securities Exchange Act of 1934, which requires different exchange oversight.
Broader Impact on Digital Asset Investments
At least 16 crypto ETF applications await approval, all delayed by the 40-day shutdown. The resumption of regulatory review processes is expected to accelerate decisions, potentially unlocking multiple new digital asset investment products.