Nine XRP Spot ETFs on DTCC; First ’33 Act ETF Launches Soon
Nine XRP spot ETF applications have been listed on the DTCC platform, a record high ahead of official approvals. Issuers include Franklin Templeton, Bitwise, 21Shares, Canary Capital, CoinShares, Volatility Shares and Amplify. Canary Capital’s amended 8-A filing has secured Nasdaq approval, positioning it as the first ’33 Act spot XRP ETF to launch imminently. Bitwise and Grayscale also updated their S-1 filings, signalling their own ETF debuts. With the U.S. government shutdown over, the SEC has resumed full ETF reviews, clearing a backlog of seven pending XRP spot ETF approvals. XRP price jumped over 12% on November 10 amid ETF optimism and government funding news. Analysts forecast up to $5 billion of inflows in the first month, mirroring the success of bitcoin spot funds. Enhanced regulated access to XRP via these ETFs could boost liquidity, institutional adoption and price momentum.
Bullish
Listing nine XRP spot ETFs on DTCC and the SEC’s resumed reviews signal imminent ETF launches. In the short term, traders may drive buying pressure as they anticipate new inflows and price surges. In the long term, regulated ETF access expands institutional participation, boosts liquidity and supports sustained price growth. Parallels with bitcoin spot funds underscore strong demand. Overall, the outlook for XRP is bullish.