DTCC lists five spot XRP ETFs as November launch anticipation grows
The Depository Trust and Clearing Corporation (DTCC) has listed five spot XRP exchange-traded funds, which may signal their launch in the near future.
On the DTCC's official website, spot XRP ETFs from Bitwise (XRP), Franklin Templeton (XRPZ), 21Shares (TOXR), Canary (XRPC) and CoinShares (XRPL) are listed under its "active and pre-launch" category.
The listing on DTCC — a provider of post-trade clearance, settlement, custody and information services — is generally considered a positive signal for ETFs seeking to launch. However, a listing on DTCC does not guarantee a launch, particularly for ETFs still awaiting approval from the Securities and Exchange Commission.
Following the successful debuts of spot bitcoin and ether ETFs, major issuers have raced to bring similar products for other altcoins to market. After months of delay, spot ETFs for Litecoin, Solana and Hedera launched recently.
Canary's spot LTC ETF, the only spot Litecoin fund in the U.S., was listed on the DTCC in February and launched eight months later in October.
Launching this month?
However, expectations are building for spot XRP ETFs to launch later this month, as the SEC has recently implemented generic listing standards for ETP issuers to fast-track approvals via amended S-1 filings without procedural delays. This potentially allows the funds to become effective automatically by mid-to-late November.
Earlier this month, Grayscale and Bitwise revealed fees for their spot XRP funds. Canary Capital CEO Steven McClurg reportedly told attendees at the Ripple Swell event earlier this week that the firm is fully prepared to launch its spot XRP ETF next week.
On Sunday, NovaDius Wealth Management President Nate Geraci said in an X post that he expects the first line of spot XRP ETFs to debut in the following week.
Other spot altcoin funds awaiting approval could also see progress soon, as the U.S. Senate reached a tentative deal to end the government shutdown, which has significantly limited the SEC's ability to review proposals.
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