TLDR
- DTCC has listed multiple proposed spot XRP ETFs, signaling that a launch may be imminent.
- Issuers including Bitwise, Franklin Templeton, and CoinShares have filed or amended registration documents with the SEC.
- The DTCC listing does not indicate SEC approval but ensures operational readiness for a potential launch.
- The SEC is reviewing the submitted filings, with a focus on market integrity, liquidity, and surveillance measures.
- Spot XRP ETFs may increase accessibility to XRP through regulated platforms like brokerage and retirement accounts.
The Depository Trust & Clearing Corporation (DTCC) has listed several proposed spot XRP ETFs on its “Active and Pre-Launch” roster. This development has drawn market attention as issuers finalize preparations for potential trading approval. The listings include applications from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares, each awaiting regulatory clearance.
DTCC Listings Indicate Potential Spot XRP ETF Launch
Bitwise and Franklin Templeton have advanced their operational readiness for spot XRP ETFs as reflected in DTCC’s current system entries. These issuers have filed or amended registration statements with the U.S. Securities and Exchange Commission (SEC). Each filing seeks authorization to offer investors regulated exposure to XRP through exchange-traded products.
The DTCC listings confirm the issuers’ coordination with custodians and exchanges to ensure technical preparedness before any SEC approval. Industry sources said, “DTCC readiness is a procedural step, not an approval indicator.” However, the move has created strong speculation that launches could follow this month.
Franklin Templeton’s submission highlights updated disclosures and custodial structures consistent with the SEC’s feedback process. Its preparation mirrors patterns seen during spot Bitcoin and Ether ETF filings earlier this year. Both issuers continue refining filings while maintaining communication with regulators.
21Shares and Canary Capital File Updated Submissions
21Shares and Canary Capital have revised their proposed spot XRP ETFs following initial SEC review. These updates reflect adjustments in disclosure language, risk statements, and liquidity management. The filings remain under regulatory consideration as the SEC examines compliance measures and market surveillance arrangements.
Analysts tracking the process stated that “filing updates are part of the normal review cycle for all digital asset ETFs.” The DTCC’s inclusion of these funds indicates operational testing for potential listings on U.S. exchanges. Both issuers are finalizing technical and custodial readiness in coordination with clearing agents.
Each XRP ETF listed under 21Shares and Canary Capital aligns with DTCC’s procedures used for spot Bitcoin ETFs before their approvals. This step ensures systems are functional once the SEC declares filings effective. Both firms have continued refining internal risk frameworks and investor disclosure documents.
CoinShares Expands Regulatory Coordination
CoinShares has joined other issuers preparing for potential XRP ETF trading through its own DTCC listing. The firm submitted detailed amendments outlining its custodian arrangements and exchange partnerships. Its filings underscore regulatory engagement and readiness for immediate launch once approved.
The SEC’s review process focuses on XRP’s trading environment, liquidity depth, and cross-market integrity. These assessments determine whether spot XRP ETFs meet the agency’s investor protection and market surveillance standards. Officials have emphasized that approval depends solely on regulatory findings, not DTCC readiness.
DTCC representatives confirmed that pre-listing procedures ensure operational functionality but do not imply SEC authorization. Market activity around XRP has increased as traders anticipate ETF availability through brokerage and retirement accounts. However, XRP ETFs will remain in a preparatory stage until S-1 registrations become effective.
As of this week, all issuers await the SEC’s final decision while maintaining technical readiness for immediate market entry. XRP ETFs listed on DTCC reflect the industry’s operational groundwork, signaling that approvals could follow soon this month.
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