
Jakarta, Pintu News – Five spot XRP ETFs are now listed on the Depository Trust and Clearing Corporation’s website. The funds are likely to be launched in the market later this month as regulatory barriers ease.
Based on data from the Depository Trust and Clearing Corporation (DTCC), there were five XRP ETFs filed by Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares. This indicates that official regulatory approval is likely in the next few weeks.
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The newly listed products include Franklin XRP Trust (XRPZ), 21Shares (TOXR), Bitwise ETF (XRP), Canary (XRPC), and CoinShares (XRPL). In practice, this listing signals that the trading and settlement process is nearing completion.
Last week, Franklin Templeton updated its S-1 filing with the US Securities and Exchange Commission (SEC), in line with plans to launch its XRP ETF before the end of the month. Bloomberg ETF analyst James Seyffart notes that the firm’s latest amendment allows the product to automatically take effect once all requirements are met.
On the other hand, Bitwise has also filed its final amendment, which analysts consider to be the final step towards approval. Canary Capital’s XRP ETF also showed progress after the company withdrew its previously filed postponement amendment. This makes their filing automatically effective once Nasdaq completes the processing of the accompanying 8-A document. Analysts expect the launch to happen as soon as this week.
Furthermore, CoinShares and 21Shares are expected to follow soon with their filings. This marks a coordinated wave of filings that could potentially see multiple XRP ETFs launch simultaneously in a single month.
The likelihood of an XRP ETF launch is growing with the latest political developments in the United States. The Senate has agreed to end the prolonged government shutdown by passing a bipartisan funding package, allowing agencies like the SEC to resume normal operations.
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This new rule removes a barrier that previously halted the review of all new financial products, including ETFs.
In early October, the SEC had stated that during the government shutdown, they would not process or approve new filings. With the government reopening, pending filings, including XRP ETFs, can now be processed again.
In fact, some of the previously launched products have attracted investor interest. Earlier this year, highly leveraged products such as Teucrium 2x Long Daily (XXRP) and Rex-Osprey (XRPR) recorded significant fund inflows. The XRPR fund now manages over $100 million in assets.
But according to analysts, if all five spot XRP ETFs do launch this month, it will be an important turning point in the wider adoption of XRP.
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