The anticipated arrival of the first spot XRP exchange-traded fund (ETF), designed under the Securities Act of 1933, could happen imminently. The addition of five XRP ETFs to the Depository Trust & Clearing Corporation (DTCC) active roster suggests that they are ready for launch.

DTCC Listing Brings Spot XRP ETFs Closer to Launch

The inclusion of these funds in the DTCC’s system confirms that the necessary clearing and settlement infrastructures are prepared for these investment products. This centralized system handles securities transactions in U.S. financial markets; however, this does not equate to approval from the U.S. Securities and Exchange Commission (SEC). This development is viewed broadly as a significant step towards the launch of the mentioned funds, which include:

• Bitwise XRP ETF (XRP)
• Franklin Templeton XRP Trust (XRPZ)
• 21Shares XRP ETF (TOXR)
• Canary Capital XRP ETF (XRPC)
• CoinShares XRP ETF (XRPL)

The timing aligns with the resolution of a U.S. government shutdown that previously delayed regulatory processes. The Senate’s recent approval of a bipartisan funding package means agencies like the SEC can resume normal operations, allowing for the review of new financial products like ETFs.

Analyst Comments

Nate Geraci, the president of NovaDius Wealth Management, remarked, “Government shutdown ending = spot crypto ETF floodgates opening,” anticipating the spot XRP ETFs to launch this week. He also noted that this reflects a clear shift in regulatory attitudes, especially after Ripple’s legal battle with the SEC concluded in August 2025.

Amended S-1 Filings Facilitate Immediate Release

Several issuers have submitted amended S-1 registration statements, some eliminating the “delaying amendment” clause and incorporating “automatic effectiveness” wording. This allows their ETFs to launch immediately upon approval. Steven McClurg, CEO of Canary Capital, mentioned that their XRPC ETF could be launched next week. Similarly, Franklin Templeton and 21Shares have also submitted third amendments to expedite their approvals. Furthermore, Bloomberg ETF analyst Eric Balchunas observed that the filing from 21Shares initiates a 20-day waiting period that could lead to its debut in November, assuming there are no additional delays.

Mat Hougan from Bitwise stated that these ETFs could rapidly develop into billion-dollar investment vehicles shortly after their launch, citing substantial institutional interest and the success of other cryptocurrency ETFs as indicators.