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Five XRP spot ETFs now listed on DTCC ahead of potential launch this month

Crypto Briefing
Five spot XRP ETFs from major issuers are now listed on the DTCC, signaling a potential US launch soon.

Summary

Five spot XRP exchange-traded funds (ETFs) from issuers including Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have been listed on the Depository Trust and Clearing Corporation (DTCC). This listing precedes their potential US debut later this month, reflecting growing investor appetite for XRP products.

Canary Capital's CEO indicated they hoped to launch their XRPC fund next week, potentially utilizing a no-delay amendment to expedite effectiveness. Furthermore, other issuers like WisdomTree are expected to list their XRP ETFs soon, and Grayscale is pursuing a spot XRP ETF conversion from its existing XRP Trust, which currently holds about $14 million in assets.

The broader interest in XRP products is evidenced by the success of recently launched leveraged XRP ETFs and the rapid growth of XRP and Solana futures on the CME Group, suggesting significant market participation and adoption of established trading strategies.

(Source:Crypto Briefing)