As the U.S. Senate advances an agreement aimed at ending the longest government shutdown in history, excitement within the crypto community regarding the potential issuance of XRP funds is on the rise.
Reportedly, the Senate reached an agreement on the budget bill on Sunday to end the government shutdown, sending a bullish signal to numerous markets, including cryptocurrencies.
The XRP community anticipates that multiple XRP exchange-traded funds (ETFs) will be issued soon, with several products already appearing on the Depository Trust & Clearing Corporation (DTCC) website ahead of a possible issuance this month.
According to CoinGecko data, driven by this bullish news, the price of XRP has risen over 12% in the past 24 hours, trading at $2.56 at the time of writing.
As of Monday, the DTCC website displayed 11 XRP ETF products in its "active and pre-issue" list, including offerings from 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.
While DTCC listings do not equate to actual issuance and do not guarantee regulatory approval, they indicate that the ETF infrastructure is ready for trading in the U.S. market.
Notably, Grayscale's XRP Trust (GXRP) has not yet appeared on the DTCC website, and the list currently does not include WisdomTree's XRP fund.
"Government shutdown ends = spot crypto ETF floodgates open," ETF expert Nate Geraci wrote in a post on X on Sunday, adding, "Meanwhile, we may see the first '33 Act spot XRP ETF issuance this week."
Bloomberg ETF analyst Eric Balchunas also posted on X on Sunday, noting that "the shutdown is over" and highlighting the subsequent rise in U.S. stock index futures.
"The SEC has been publicly suing Ripple for the past 5 years, until 3 months ago. In my view, the issuance of a spot XRP ETF represents the final nail in the coffin for the previous wave of anti-crypto regulators," he wrote in a post on X on November 2.
He also emphasized a post from Canary Capital, which claimed last Friday that its XRP ETF is "coming soon," speculating that the product might go live this weekend.
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Original article: “XRP Rises as U.S. Government Shutdown Nears End, ETF Codes Land on DTCC”
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