XRP ETFs listed on DTCC ahead of possible launch Coinstar

Excitement in the crypto community is growing over the potential launch of XRP funds, as the US Senate moves forward on a deal aimed at ending the longest government shutdown ever.

The Senate reportedly reached an agreement on a government shutdown budget bill on Sunday, sending a bullish signal to a number of markets, including crypto.

The XRP (XRP) community is expecting multiple XRP exchange-traded funds (ETFs) to launch soon, with several already appearing on the Depository Trust and Clearing Corporation (DTCC) website ahead of a possible launch this month.

The price of XRP is up more than 12% on bullish news in the last 24 hours, with the token trading at $2.56 at press time, according to that CoinGecko.

11 XRP products listed on DTCC

As of Monday, the DTCC website highlighted 11 XRP ETF products listed as “active and pre-launch,” including those from 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.

While the DTCC listing does not equate to an actual launch and does not guarantee regulatory approval, it signals that the ETF infrastructure is ready for trading in the US markets.

It is worth noting that Grayscale’s XRP Trust (GXRP) has not yet appeared on the DTCC website, and the list also does not currently include the XRP fund from WisdomTree.

“End of government shutdown = door opens for spot crypto ETF,” ETF expert Nate Geraci wrote in an X post on Sunday, adding, “Meanwhile, we could see the first ’33 Act spot xrp ETF launch this week.”

Related: End of US government shutdown sparks institutional buying, hopes ‘flood’ ETFs

Bloomberg ETF analyst Eric Balchunas, too published at X on Sunday, noting that “the shutdown is over” and highlighting the subsequent rally in U.S. stock futures.

“The SEC has been in open litigation against Ripple for the past five years, until three months ago. IMO, the launch of spot XRP ETFs represents the final nail in the coffin for the previous wave of anti-crypto regulators,” he said. wrote in the X post on November 2.

He also pointed to an announcement by Canary Capital, which last Friday claimed its XRP ETF was “coming soon,” speculating that the product could be live by the end of this week.