Investor optimism is building around XRP ahead of potential exchange-traded fund (ETF) launches, following the US Senate’s move to end the longest government shutdown in history.
On Sunday, the US Senate reportedly reached an agreement on a budget bill, effectively ending the shutdown. The deal sent a bullish signal across multiple markets, including cryptocurrency. XRP has responded strongly, rallying over 12% in 24 hours to trade at $2.56, according to CoinGecko.
XRP ETFs listed on DTCC
The Depository Trust and Clearing Corporation (DTCC) now lists 11 XRP ETF products as “active and pre-launch,” including offerings from well-known providers such as 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.
While a DTCC listing does not guarantee regulatory approval or immediate trading, it indicates that the infrastructure for US market trading is prepared. Notably, Grayscale’s XRP Trust (GXRP) and WisdomTree’s XRP fund are absent from the listing.
Market experts weigh in
Government shutdown ending = spot crypto ETF floodgates opening. Could see first ‘33 Act spot XRP ETF launch this week.
The SEC had open litigation against Ripple for five years until three months ago. The launch of spot XRP ETFs is likely the final step for the previous wave of anti-crypto regulators.
Canary Capital also indicated that its XRP ETF is “coming soon,” with speculation that the product could go live by the end of this week.