The Depository Trust and Clearing Corporation (DTCC) has listed five spot XRP Exchange-Traded Funds (ETFs) on its “active and pre-launch” category, signaling potential near-future launches.
The listed funds include products from major issuers: Bitwise (XRP), Franklin Templeton (XRPZ), 21Shares (TOXR), Canary (XRPC), and CoinShares (XRPL). While a DTCC listing is generally a positive step for prospective ETFs, it does not guarantee approval from the Securities and Exchange Commission (SEC).
Accelerated Launch Expectations
Following the successful debuts of spot Bitcoin and Ether ETFs, issuers are now focused on altcoin products. The recent launch of spot ETFs for Litecoin, Solana, and Hedera after months of delay sets a precedent. For example, Canary’s spot Litecoin ETF was listed on the DTCC in February before launching eight months later in October.
However, expectations for the XRP funds are accelerated, potentially pointing to a mid-to-late November launch. This is largely due to the SEC implementing generic listing standards for ETP issuers. These new standards may allow firms to fast-track approvals via amended S-1 filings, enabling the funds to become effective automatically.
Industry Anticipation
Industry leaders are fueling these expectations:
- Canary Capital CEO Steven McClurg reportedly stated that his firm is fully prepared to launch its spot XRP ETF as early as next week.
- NovaDius Wealth Management President Nate Geraci expressed similar sentiment on social media, anticipating the first spot XRP ETFs to debut in the following week.
In preparation for a launch, Grayscale and Bitwise have already revealed the fees for their spot XRP funds. Further progress for other altcoin funds may also be on the horizon, as the recent tentative deal to end the US government shutdown is expected to restore the SEC’s ability to review proposals quickly.
November 2025, Cryptoniteuae
