XRP ETF News Becoming a Hot Topic, Is the Launch Near?

In recent days, the crypto community has been abuzz with the appearance of a listing of 11 XRP ETF products on the DTCC website, a signal often associated with the first step towards official approval.

This surge in optimism was immediately reflected in the price of XRP, which rose by around 6% in just one day.

Does this mean the era of XRP ETFs is truly upon us? Here's a comprehensive look at the latest developments, the major players involved, and the market's response to this catalyst.

11 XRP ETFs Listed on DTCC

One of the main triggers of market euphoria was the emergence of 11 listed XRP ETF in the “Active” and “Pre-Launch” categories on the Depository Trust and Clearing Corporation (DTCC) website.

The list includes big names such as:

- 21Shares

- ProShares

- Bitwise

- Canary Capital

- Franklin Templeton

Meanwhile, the DTCC is the world's largest clearing and settlement institution. Therefore, the appearance of a product on their website is often seen as a sign that operational preparations are underway, although it doesn't always guarantee final approval.

Still, for crypto investors, this signal is strong enough to add confidence that an XRP ETF launch may not be far off.

Read Also: XRP ETF: List of 4 Investment Firms Filing for an ETF 

XRPC Launch from Canary Capital

One of the most aggressive players in preparing an XRP ETF is Canary Capital. The company recently launched the official website for its XRP ETF, named $XRPC.

So, why is XRPC important?

1. Provides Direct Exposure to XRP

This fund is designed to provide direct exposure to the value of XRP held by their trust.

2. Not Bound by Traditional Mutual Fund Regulations

Canary explained that their products do not fall into the category of commodities or investment companies that are subject to Investment Company Act of 1940.

This means that XRPC is registered under the Securities Act of 1933, like other single crypto ETFs such as BTC, ETH, and SOL.

3. It Becomes the First XRP ETF to Officially Appear

With this move, Canary could become the first issuer truly ready to launch an XRP ETF if the SEC gives the green light.

Read Also: New Wave of Investing: 5 Spot XRP ETFs Set to Debut

Nasdaq Support for XRPC

In a development that further bolstered market optimism, Nasdaq sent a formal letter to the SEC's Senior Vice President.

In the letter, Nasdaq stated:

- They have approved the Canary XRP ETF for listing.

- They are waiting for the official notification of publication.

- They asked the SEC to approve the product.

This direct support from one of America's largest exchanges is certainly a signal that the XRP ETF is considered a potential product worthy of regular trading.

Read Also: XRP ETF Approval in 2025 Is Just One Step Away 

XRP Price Rises 6% in 24 Hours

With these positive signals, it is no wonder XRP price experienced a fairly strong surge, from $2.38 to $2.51. The approximately 6% increase occurred just hours after the ETF news broke.

The price has now corrected slightly to $2.50, but remains bullish. This swift reaction demonstrates the market's enthusiasm for the potential XRP ETF.

Read Also: XRP ETF and Its Impact on Ripple Coin Price 

Conclusion

With the emergence of 11 XRP ETF products at DTCC, the launch of XRPC by Canary Capital, and the support of Nasdaq, the chances of an XRP ETF being approved are looking increasingly likely.

While there has been no official decision from the SEC, these strong signals have been enough to move the market and significantly increase investor interest.

If the SEC does indeed open the door, a new era for XRP and institutional adoption of crypto could begin sooner than expected.

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FAQ

What is an XRP ETF?

An XRP ETF is an investment product that provides direct exposure to the price of XRP without the need to hold the crypto asset directly.

Has an XRP ETF been approved?

Not yet, but the XRP ETF listing on the DTCC and major institutional support suggest a potential launch is near.

Who is leading the development of the XRP ETF?

Canary Capital with its product $XRPC is currently the most active.

MWhy is the appearance of the list on the DTCC important?

DTCC listings often signal operational preparations and potential approvals in the near future.

Will the price of XRP go higher if the ETF is approved?

There are no guarantees, but history shows that ETF approval usually boosts investor interest significantly.