Five Spot XRP ETFs Appear on DTCC as Launch Expectations Grow
- Five-spot XRP ETFs have appeared on the DTCC, signaling potential U.S. approval soon.
- Canary Capital and other issuers race to launch spot XRP funds under the new SEC guidelines.
- XRP ETFs could debut by mid-November as XRP futures and leveraged ETFs gain momentum.
Five-spot XRP exchange-traded funds have appeared on the Depository Trust and Clearing Corporation (DTCC), fueling speculation about a potential U.S. launch this month. The listings add to growing anticipation that XRP could soon join Bitcoin and Ethereum in the expanding crypto ETF market.
The listed products include the Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL). All five funds are now visible under the DTCC’s “active and pre-launch” section, a category that typically precedes final approvals.
Anticipation Builds for a November Launch
The DTCC provides clearance, settlement, and custody services for financial markets. A listing on the platform is often viewed as a preparatory step toward an official ETF debut. However, listing alone does not guarantee a launch, as the Securities and Exchange Commission (SEC) must still approve each product.
Canary Capital’s CEO, Steven McClurg, said during Ripple Swell 2025 that his firm expected to launch the XRPC fund next week. McClurg explained that the ETF could go live within 20 days using a no-delay amendment process. The firm recently introduced spot ETFs for Litecoin and Hedera, which both gained quick market traction.
Other issuers, including WisdomTree, are expected to follow soon. Market observers believe the company will add its XRP ETF to the DTCC list in the coming days. It would join the growing roster of issuers positioning for a November rollout.
At the same time, Grayscale plans to convert its existing XRP Trust into a spot ETF. The trust currently holds around $14 million in assets under management since its launch in September. This move aligns with the broader strategy of converting trust structures into more accessible ETF vehicles as regulatory clarity improves.
The SEC recently introduced generic listing standards for exchange-traded products. These standards allow issuers to file amended S-1 forms that can become effective automatically. This regulatory update could enable faster approvals and potentially pave the way for XRP ETF launches by mid-to-late November.
Investor Interest and Market Momentum
Investment products linked to XRP have become more popular in recent months. Earlier this year, Teucrium launched the 2x Long Daily XRP ETF (XXRP), while ProShares introduced the Ultra XRP ETF (UXRP). In its first year, the Teucrium fund alone brought in about $306 million in net assets. This indicates a high level of investor interest in XRP leveraged exposure.
Alongside ETFs, XRP futures have emerged as one of the fastest-growing crypto derivatives on the CME Group. According to CME’s trading data, XRP and Solana futures are now competing with conventional Bitcoin and Ethereum contracts in terms of daily activity. The increase in futures volume highlights a broader institutional interest in alternative digital assets beyond the dominant cryptocurrencies.
Related: XRP Shows Bullish Momentum as Wallet Growth Hits Record
According to industry analysts, the introduction of new crypto ETFs has been facilitated by advancements in trading infrastructure and liquidity. Altcoins such as XRP, Solana, and Litecoin have benefited from these developments, which were initially established by Bitcoin and Ethereum products.
The current wave of XRP ETF filings underscores the growing competition among asset managers to expand crypto product offerings. With multiple issuers now listed on the DTCC and an accelerated regulatory pathway in place, the first spot XRP ETFs could debut within weeks.
