XRP ETFs Near Breakthrough as Institutional Heavyweights Race Toward Launch

CN
7 hours ago

Financial institutions are ramping up efforts to bring XRP exchange-traded funds (ETFs) to market, marking one of the most aggressive pushes in digital asset finance. Multiple XRP ETFs are already listed on the U.S. Depository Trust & Clearing Corporation (DTCC), indicating that trading may be near as issuers compete for the first launch.

Canary Capital posted on social media platform X on Nov. 7:

Get ready: Canary XRP ETF (XRPC) is coming soon.

The post set the tone for a wave of anticipation across the crypto market. Canary Capital CEO Steven McClurg stated last week: “We just launched our first two ETFs last week and hoping to launch an XRP ETF next week.” His statement followed the launch of Canary Capital’s LTC and HBAR ETFs, underscoring how quickly the company is expanding its crypto product suite.

The DTCC, which manages post-trade clearing and settlement for U.S. securities, lists ETFs ahead of approval to prepare operational systems for trading. Listing on the DTCC signals that tickers, fund identifiers, and structural documentation are complete, allowing issuers to begin final testing. Some XRP ETFs are already listed on the DTCC website, including Coinshares XRP ETF (XRPL) and Franklin XRP ETF (XRPZ)—filed under Franklin Templeton’s Franklin XRP Trust—both shown as active on the DTCC database, indicating potential readiness for imminent launch.

Moreover, momentum intensified last week when Franklin Templeton and 21shares filed their third amendment filings with the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analyst Eric Balchunas stated that the 21shares filing triggers a 20-day waiting period, potentially positioning the fund’s debut within November.

Bitwise also recently updated its filing for an XRP ETF, signaling confidence in a swift launch and robust inflows after the success of its Solana ETF (BSOL). Chief Investment Officer Matt Hougan predicted that an XRP ETF will “easily become” a billion-dollar fund within its first handful of months. As multiple issuers advance toward completion simultaneously, the XRP ETF rollout could become a pivotal moment in integrating digital assets into mainstream financial markets.

  • What does the DTCC listing of XRP ETFs indicate for investors?
    It shows that XRP ETFs are operationally prepared for launch, reflecting strong institutional readiness and accelerating momentum in digital asset finance.
  • Which companies are driving the XRP ETF launch?
    Canary Capital, Franklin Templeton, Bitwise, and 21shares are among the latest issuers to advance efforts to introduce their XRP ETFs.
  • When could XRP ETFs officially launch?
    Based on SEC filing timelines and the DTCC listings, launches could occur this month, signaling the entry of XRP ETFs into mainstream markets.
  • Why is the XRP ETF launch pivotal for digital asset adoption?
    The XRP ETF launch represents a milestone in integrating regulated crypto exposure into institutional portfolios, bridging traditional finance with blockchain-based assets.

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