Here’s the real XRP ETF launch timeline as DTCC is misread again
Recent DTCC filings regarding XRP ETFs are misinterpreted as approvals; the actual launch timeline depends on SEC S-1 effectiveness and exchange listing notices.Summary
Recent excitement surrounding XRP ETFs based on DTCC (Depository Trust & Clearing Corporation) listings is misplaced. DTCC entries indicate operational preparation for settlement, not SEC approval. Under the SEC’s new generic listing regime, the key indicators are an effective S-1 registration statement and a listing notice from an exchange. Once these are in place, the launch clock begins. Several firms, including Grayscale, Franklin, CoinShares, Teucrium, ProShares, Bitwise, Canary, 21Shares, and WisdomTree, have filed S-1s, but none currently constitute approval. Investors should verify approval by checking for a declared-effective S-1 on EDGAR and a listing circular on the exchange website before relying on DTCC or DTC records as confirmation. The timeline can range from a few days to several weeks depending on the complexity of the ETF structure.
(Source：CryptoSlate)