Five Spot XRP ETFs Appear on DTCC — Market Sentiment Surges

Five Spot XRP ETFs Hit DTCC — What’s Happening?

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The Funds and Their Tickers

The following spot XRP ETF filings have been added to the DTCC system:

• Franklin XRP Trust – Ticker: XRPZ
• 21Shares XRP ETF – Ticker: TOXR
• Bitwise XRP ETF – Ticker: XRP
• Canary XRP ETF – Ticker: XRPC
• CoinShares XRP ETF – Ticker: XRPL

According to Canary CEO McClurg, the company’s “no-delay amendment” mechanism could enable listing within 20 days — assuming the SEC does not object.

Why the DTCC Listing Matters

While being listed on the DTCC does not equal regulatory approval, it is a key operational milestone:

• It indicates that clearing and settlement infrastructure is in place.
• Being named in the NSCC/DTCC eligibility list suggests the issuer has completed back-end readiness for launch.
• Market participants interpret this as a meaningful step — though the final decision remains with the SEC.

Technical Innovation: Canary’s “No-Delay Amendment”

A significant development: Canary introduced a mechanism enabling its ETF filing to become effective within ~20 days, provided there is no objection from the SEC.

• This reduces the traditional listing timeline and enhances flexibility in crypto-asset ETF launches.
• Such a mechanism may become a reference model for future crypto ETFs.

Global Context & Institutional Appetite

• Brazil has already approved a spot XRP ETF, showing emerging markets taking the lead in crypto product innovation.
• With XRP among the top cryptocurrencies by market cap and institutional investors revisiting their allocations, demand for regulated XRP products is rising.
• According to one financial analyst, an approved XRP ETF could trigger a large capital inflow, joining the momentum initiated by BTC and ETH.

Regulatory Reality Check

Despite growing optimism across the market, the ultimate decision on these XRP ETFs remains in the hands of the U.S. Securities and Exchange Commission (SEC). Several issuers have already encountered delays during the review of their applications — a routine part of the regulatory process rather than an indication of rejection. However, as multiple firms simultaneously progress toward the final stages of approval, the SEC could experience mounting pressure to streamline its evaluation process, potentially leading to faster decision-making in the coming weeks.

Conclusion

The listing of five spot XRP ETF filings on the DTCC signals the convergence of compliance infrastructure, institutional interest, and crypto-asset investment innovation.

Whether this leads to immediate SEC approval or not, the development marks a pivotal moment in the integration of traditional finance and blockchain-based assets.

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