Five spot XRP ETFs from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have appeared on the DTCC’s active and pre-launch list, indicating strong preparations for a potential U.S. launch as institutional interest in XRP grows amid regulatory progress.
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DTCC listings for spot XRP ETFs signal operational readiness, with SEC approval as the key remaining hurdle for trading to begin.
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Canary Capital’s XRPC ETF could launch within 20 days via a streamlined amendment process, building on its successful Litecoin and Hedera ETF debuts.
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Grayscale’s $14 million XRP Trust conversion to a spot ETF highlights surging institutional demand, with $306 million in net assets already seen in related products like Teucrium’s 2x Long Daily XRP ETF.
Spot XRP ETFs on DTCC: Franklin Templeton, Bitwise, and more prepare for U.S. launch amid rising investor demand. Discover regulatory updates and market impacts—stay ahead in crypto investments today! (148 characters)
What Are the Spot XRP ETFs Listed on the DTCC?
Spot XRP ETFs are exchange-traded funds designed to track the price of XRP, the cryptocurrency associated with Ripple, allowing investors direct exposure without holding the asset themselves. Five such products—Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL)—have recently appeared on the Depository Trust and Clearing Corporation (DTCC) active and pre-launch list. This development underscores accelerating preparations by major asset managers for a possible U.S. market entry, pending final SEC approval.
How Do DTCC Listings Advance Spot XRP ETF Launches?
The DTCC plays a crucial role in U.S. financial infrastructure by providing settlement, custody, and operational support for securities like ETFs. When spot XRP ETFs appear on its active and pre-launch category, it demonstrates that issuers have completed significant backend preparations, such as ticker reservations and operational setups, positioning them for swift deployment once regulatory green lights are given. According to industry observers, this step often precedes launches by weeks, as seen with recent Bitcoin and Ethereum spot ETF approvals.
Canary Capital, for instance, has aggressively pursued this path, with CEO Steven McClurg stating during Ripple Swell 2025 that their XRPC ETF could debut within 20 days using a no-delay amendment to its S-1 filing. This process leverages recent SEC procedural updates that allow automatic effectiveness under certain conditions, shortening timelines from months to mere weeks. Canary’s track record bolsters confidence; its spot Litecoin ETF and Hedera ETF, launched earlier in 2025, quickly amassed substantial trading volumes, exceeding expectations and drawing $50 million in inflows within the first month, per market data from Bloomberg terminals.
Similarly, Franklin Templeton, a veteran in asset management with over $1.5 trillion in assets under management globally, brings credibility to the XRP space through its XRPZ trust. Bitwise and 21Shares, both established crypto-focused firms, have filed detailed prospectuses emphasizing XRP’s utility in cross-border payments, citing Ripple’s partnerships with over 300 financial institutions worldwide. CoinShares, Europe’s largest digital asset manager, adds international expertise, managing more than 4 billion euros in crypto products as of mid-2025.
These listings do not guarantee approval but signal a maturing ecosystem. The SEC’s evolving stance on crypto ETFs, influenced by court rulings favoring Ripple in its long-standing legal battle, has created a more favorable environment. Expert analysts from firms like Galaxy Digital note that XRP’s classification as a non-security in certain contexts has eased regulatory concerns, potentially paving the way for approvals by November 2025.
Frequently Asked Questions
What Is the Timeline for Spot XRP ETF Approval and Launch?
The spot XRP ETFs could launch as early as November 2025, following DTCC listings and recent SEC streamlining of S-1 amendments. Issuers like Canary Capital anticipate 20-day windows post-filing effectiveness, with full SEC review focusing on market manipulation risks and custody standards, based on precedents from Ethereum ETF approvals earlier this year. (47 words)
Why Is Institutional Demand for XRP ETFs Growing in 2025?
Voice search query response: Institutional demand for spot XRP ETFs is surging due to XRP’s proven efficiency in global payments and Ripple’s expanding network of bank partnerships. With futures like those on CME Group seeing record volumes rivaling Bitcoin’s, investors seek regulated access to capture XRP’s growth potential without direct custody hassles.
Key Takeaways
- DTCC Milestone: Listings of five spot XRP ETFs indicate advanced operational preparations, a critical step toward SEC approval and U.S. trading debut.
- Streamlined Regulations: New SEC procedures enable faster launches, with Canary Capital’s 20-day timeline exemplifying how amendments can accelerate market entry for assets like XRP.
- Rising Institutional Interest: From Grayscale’s $14 million XRP Trust conversion to $306 million in leveraged ETF assets, demand underscores XRP’s maturation as a viable investment vehicle.
Conclusion
The emergence of five spot XRP ETFs on the DTCC list from firms like Franklin Templeton and Bitwise marks a pivotal moment in the integration of XRP into mainstream U.S. financial products, driven by regulatory advancements and heightened investor appetite. As institutional engagement deepens—evidenced by robust futures trading on platforms like CME and successful prior launches—XRP’s role in digital asset markets continues to solidify. Investors should monitor SEC developments closely, as approvals could unlock new opportunities for diversified crypto exposure in the coming months.
