Yeliz Akmaca 
Investor interest in U.S. digital asset markets is accelerating. Five spot XRP ETFs from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have been listed as “pre-launch” on DTCC, signaling preparatory steps before a potential market launch. Experts note similar moves have historically indicated important market signals.
DTCC Listings and Spot XRP ETFs
The Depository Trust and Clearing Corporation (DTCC) has added the following spot XRP ETFs to its list:
- Franklin XRP Trust (XRPZ)
- 21Shares XRP ETF (TOXR)
- Bitwise XRP ETF (XRP)
- Canary XRP ETF (XRPC)
- CoinShares XRP ETF (XRPL)
This step is considered a significant preparatory move toward making spot XRP ETFs available to U.S. investors. Market participants see the listing as a potential signal of an accelerated ETF approval process.
Canary Capital CEO Steven McClurg stated at Ripple Swell 2025 that after successfully launching Litecoin and Hedera ETFs, the company plans to launch the XRPC fund. McClurg noted that the ETF could go live within 20 days with no delays. WisdomTree’s XRP ETF is also expected to join the other funds on DTCC shortly.
Rising Demand and Market Dynamics
Demand for spot XRP ETFs is growing. Earlier this year, products like Teucrium’s 2x Long Daily XRP ETF (XXRP) and ProShares Ultra XRP ETF (UXRP) were launched. XXRP raised roughly $306 million in net assets in less than a year, demonstrating strong investor appetite for leveraged XRP exposure.
Solana and XRP futures are among the fastest-growing crypto products on the CME Group. Leveraging the infrastructure and liquidity developments of Bitcoin and Ethereum derivatives, these products support increased market participation and popular trading strategies. The SEC’s “General Listing Standards” adopted in September also provide regulations to speed up ETF approval processes.
Grayscale and Market Expectations
Grayscale aims to convert its existing XRP Trust into a spot XRP ETF. Since its launch in September, the Trust has amassed around $14 million in assets under management. These developments indicate rising investor appetite and growing innovation in digital asset markets. The surge in spot XRP ETF applications is viewed as a positive indicator of institutional investor interest.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.