In a significant development for the cryptocurrency market, five spot ETFs tied to XRP have been registered with the Depository Trust & Clearing Corporation (DTCC) and are expected to launch in the U.S. imminently.
1. Key Announcement
The filings reveal that the following funds have been listed on the DTCC platform:
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Franklin Templeton’s Franklin XRP Trust (XRPZ)
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21Shares’ 21Shares XRP ETF (TOXR)
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Bitwise’ Bitwise XRP ETF (XRP)
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Canary Capital’ Canary XRP ETF (XRPC)
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CoinShares’ CoinShares XRP ETF (XRPL)
This suggests a growing institutional readiness for XRP-related investment products in the U.S.
2. Why This Matters
Rising Investment Demand
The listing of these spot ETFs underscores a growing appetite among institutional investors for XRP-based products.
Moreover, leveraged and derivative products associated with XRP have already attracted significant capital—one example, the Teucrium 2× Long Daily XRP ETF (XXRP) raised about USD 306 million in less than a year, signalling robust market interest.
Broader Market Infrastructure Maturation
The emergence of spot ETFs reflects that the infrastructure around digital assets is becoming more institutionalised—clearing, custody, and regulatory readiness are advancing. The fact that future contracts on XRP (and other altcoins) have grown rapidly at CME Group is further evidence.
3. Expected Timeline & Next Steps
According to statements from Canary Capital’s CEO Steven McClurg, the XRPC ETF could go live within 20 days once the modification mechanism (“non-delay” mechanism) takes effect.
In addition, market watchers expect other issuers such as WisdomTree and Grayscale to also file or convert existing products into spot XRP ETFs.
4. Implications & Considerations
For Investors
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Access: These spot ETFs may provide simpler exposure to XRP without the complexities of holding the crypto token directly.
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Risk: As with all crypto-related products, investors should be mindful of volatility and regulatory risks—holding an ETF doesn’t eliminate them.
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Timing: Since the launch is imminent, early identification of product details, fees, and mechanics could be advantageous.
For the Crypto Ecosystem
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Legitimacy: The listing of multiple spot ETFs may signal increasing acceptance of altcoins beyond the dominant assets like Bitcoin and Ethereum.
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Competition: With several issuers entering the space, fee pressure and innovation may increase—benefiting end-users.
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Regulatory oversight: These funds will likely draw greater attention from regulators, which could shape future crypto-investment product frameworks.
5. Conclusion
The registration of five spot XRP ETFs with DTCC marks a pivotal moment for the digital-asset investment landscape. It reflects escalating demand, evolving infrastructure, and institutional momentum behind assets like XRP. While the launch is expected soon, the broader regulatory and market dynamics remain in flux—thus investors and market observers alike should monitor disclosures, fund mechanics and underlying token developments.
This is not investment advice; as always, prospective investors should conduct their own due diligence.
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