Bitwise, Franklin Templeton and others on DTCC's list: XRP ETFs poised for approval

Bitwise, Franklin Templeton and others on DTCC's list: XRP ETFs poised for approval

Five XRP ETFs are listed on DTCC, anticipating a possible imminent launch of these exchange-traded funds. 

The appearance of five XRP ETFs in the Depository Trust and Clearing Corporation (DTCC) system has raised positive alarms in the crypto ecosystem. Bitwise, Franklin Templeton, Canary Capital, 21Shares and CoinShares They are listed as issuers of these financial products, which are now classified as "active and in pre-launch" on the platform of the main U.S. securities clearinghouse. 

Although this step This does not equate to formal approval by the Securities and Exchange Commission (SEC), it does represent a key administrative step that usually precedes the official launch.

XRP leaves uncertainty behind. Buy it here

The market reacted strongly to the inclusion of these funds on the DTCC list. XRP, the native cryptocurrency of the Ripple ecosystem, experienced a surge of over 12% in a matter of hours, fueled by the optimism generated by the listing. Trading volume soared to over $6.000 billion in 24 hours, with technical indicators suggesting an influx of institutional capital. 

If these ETFs are launched in the coming weeks, as several industry players anticipate, XRP could solidify its position as one of the altcoins with the largest presence in regulated financial products.

XRP ETFs ready for takeoff

In practice, the inclusion of these ETFs in DTCC signals that the issuers are ready to operate and have met the necessary logistical and operational requirements to list their products in US markets. According to Eric Balchunas, senior ETF analyst at Bloomberg, most funds that reach this stage eventually launch, especially if the regulatory environment is favorable.

Balchunas's words resonate strongly, considering that in recent weeks the SEC has relaxed certain procedures for reviewing exchange-traded products (ETPs), allowing issuers to submit coordinated amendments to their S-1 forms. If there are no regulatory objections, ETFs could be activated automaticallyas recently happened with Litecoin-based products like Solana and Hedera. In this case, XRP ETFs could be ready to trade. before the end of November, once the administrative pause caused by the federal government's budgetary paralysis has been overcome.

On the other hand, the issuers involved in these exchange-traded funds are not minor players. Bitwise and Franklin Templeton already operate other crypto products, such as Bitcoin ETFs. Likewise, Canary Capital has publicly confirmed its intention to launch its XRP ETF “next week,” according to statements made by its CEO, Steven McClurg, during the Ripple Swell event. Nate Geraci, president of NovaDius Wealth Management, also advance on social media that the debut of these crypto funds could happen in a matter of days.

XRP gains traction amid institutional signals

The impact on XRP's price was immediate. The token broke through the $2,35 resistance level and reached $2,57, with a technical pattern showing three impulsive waves and consolidation above the 50-period exponential moving average. 

Current market price of XRP.
Source: CoinGecko

Beyond the charts, what's relevant is the change in the narrative: XRP, historically associated with regulatory disputes with the SEC, is beginning to position itself as a viable asset for regulated financial products.

This shift in perception is significant. The appearance of XRP spot ETFs on DTCC suggests that issuers are betting on greater legitimacy for the asset. Furthermore, the fact that firms like Grayscale and Bitwise have recently disclosed their fund fees reinforces the idea that there is a coordinated strategy to attract institutional inflows.

The so-called “ETF effect” has already been observed with other digital assets. When similar products were launched for Bitcoin or Ethereum, the market responded with price increases and greater liquidity. If XRP follows this pattern, the fourth quarter could mark a turning point in its integration with the traditional financial system.

A pivotal quarter for XRP and crypto ETFs

The potential approval and launch of spot XRP ETFs represents more than just a market novelty: it's a sign of the ecosystem's maturation. While final approval rests with the SEC, the fact that these products are already listed on DTCC indicates that issuers are prepared and that the regulatory environment has begun to adapt to the demand for direct exposure to digital assets.

For XRP, this move comes at a pivotal moment. After years of legal uncertainty, the asset could benefit from a renewed narrative, bolstered by institutional interest and the operational validation that comes with being part of the DTCC infrastructure. If the ETFs launch as expected in the coming days, XRP will not only gain visibility but also access to new liquidity channels and legitimacy among traditional investors.

In an environment where trust and infrastructure are as important as technology, this could be the boost XRP needed to establish itself as a benchmark altcoin in global financial markets.