The XRP community is celebrating a price rally of over 12%. This optimism stems from a deal in the U.S. Senate to end the government shutdown. Furthermore, anticipation is growing for the XRP ETF listing on the DTCC. ETF analyst Nate Geraci noted that the end of the shutdown could “open the ETF floodgates.”
The price of XRP reached $2.56 at the time of publication, reflecting the bullish sentiment. The primary driver is the appearance of 11 XRP ETF products on the Depository Trust and Clearing Corporation (DTCC) website. The “active and pre-launch” list includes heavyweight managers like 21Shares, ProShares, Bitwise, and Franklin Templeton. Canary Capital, Volatility Shares, REX-Osprey, CoinShares, and Amplify are also listed.
It is important to note that an appearance on the DTCC does not guarantee final regulatory approval. However, this step indicates the technical infrastructure is ready for these products to trade on U.S. markets. Notably, Grayscale’s XRP Trust (GXRP) does not yet appear on the list. This news comes just three months after the SEC’s litigation against Ripple, the company behind XRP, concluded.
Are we witnessing the definitive approval the altcoin market has been waiting for?
Bloomberg ETF analyst Eric Balchunas commented on the end of the administrative shutdown and the uptick in equity futures. Balchunas went further, suggesting that the launch of spot XRP ETFs “represents the final nail in the coffin” for the previous wave of anti-crypto regulators. The XRP ETF listing on the DTCC has been interpreted as a sign of regulatory normalization for the asset.
Sentiment is reinforced by statements from the issuers themselves. Canary Capital claimed last Friday that its XRP ETF is “coming soon.” Expert Nate Geraci speculates that the first spot XRP ETF under the ’33 Act could launch this very week. Meanwhile, the cryptocurrencies market watches to see if this infrastructure preparation translates into a formal and swift approval.
