XRP ETF Appear On DTCC : Is Approval Next ?

As the American shutdown crisis nears its end, another signal captures crypto investors’ attention. No less than eleven ETFs backed by XRP have just appeared on the DTCC website, the key body of the American financial markets. While this registration does not signify regulatory approval, it demonstrates a concrete step toward a possible listing on U.S. markets. It is a major technical milestone for XRP, which could revive institutional interest in the asset.

Eleven XRP ETFs Listed at DTCC: An Activation Signal?

The crypto sphere ignited on November 4th when several observers noticed the appearance of eleven ETF products backed by XRP on the official website of the Depository Trust and Clearing Corporation (DTCC).

The companies involved include heavyweights of the sector. This registration means that the technical infrastructure is ready to allow trading of these products on the American markets. However, this “does not guarantee regulatory approval,” let alone an immediate launch.

ETF analyst Nate Geraci summarized this step as follows: “In the meantime, we might witness the launch this week of the very first spot XRP ETF registered under the 1933 Act regime.”

Here are the issuers whose XRP ETF products are listed on the DTCC website:

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  21Shares
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  ProShares
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  Bitwise
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  Canary Capital
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  Volatility Shares
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  REX-Osprey
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  CoinShares
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  Amplify
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  Franklin Templeton

A total of 11 ETF products, counting the different variants or classes offered by some managers. Conversely, Grayscale (GXRP) and WisdomTree are not yet part of this initial wave, suggesting their regulatory process is at a less advanced stage.

It is worth noting that Canary Capital has publicly stated that its XRP ETF will be “available soon,” revealing possible approval as early as this week.

The enthusiasm is therefore tangible, even if the final green light from the Securities and Exchange Commission (SEC) has not yet been given.

The End of the Shutdown: A Catalyst for Crypto ETFs?

The hope for a quick resumption of government activities in the United States gives new momentum to the crypto market. Last Sunday, the US Senate announced a federal budget agreement, ending the longest shutdown in the country’s history.

This decision immediately impacted futures markets, as noted by Eric Balchunas, ETF analyst at Bloomberg, observing a “bounce in US equity futures.” For crypto players, this administrative unlocking mainly means a potential restart of ETF approval processes.

As Nate Geraci summarized in a post on X: “The end of the government shutdown could open the floodgates to spot crypto ETFs.”

Beyond the XRP case alone, this dynamic could more broadly influence currently pending crypto ETF projects. The end of the shutdown restores federal agencies’ capacity to process pending files.

This situation, combined with growing optimism around XRP, fuels the idea of an imminent expansion of the regulated market for these assets. It could also strengthen the arguments of supporters of constructive regulation, at a time when the crypto ecosystem seeks to attract institutional investors.

If the launch of an XRP ETF were to be confirmed in the coming days or weeks, it would represent a major symbolic turning point. Not only because XRP has long been targeted by regulators, but also because it could be the first token outside Bitcoin to access such a trading product in the U.S. This precedent could pave the way for other cryptos and reshuffle the cards in the race for institutional legitimacy.