Institutional Interest in XRP Surges with DTCC’s Listing of Nine XRP ETFs
In a landmark move signaling growing institutional interest in Ripple’s native token, the Depository Trust & Clearing Corporation (DTCC) has announced the official listing of nine XRP Exchange-Traded Funds (ETFs). This development marks a significant step toward the potential launch of the first U.S. spot XRP ETFs, despite ongoing regulatory uncertainties and delays.
Understanding the Implications of DTCC’s Listings
While the inclusion of XRP ETFs by DTCC does not immediately indicate the commencement of trading, it is a crucial preparatory move ahead of their market debut. The listings comprise both futures-based and spot-focused products. Currently, futures ETFs, including UXRP, XRPI, XRPT, and XXRP, are operational. However, spot-focused funds such as TOXR, XRP, XRPC, and XRPL await the final go-ahead.
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Notably, the regulatory review process encountered a stall due to the U.S. government shutdown in October, affecting more than a dozen altcoin ETF applications, including those linked to Solana, Dogecoin, and Cardano. With Canary Capital removing delaying amendments and setting November 13 as the automatic effective date for its XRP ETF, market analysts anticipate trading to commence shortly.
Bitwise and Grayscale’s Strategic Moves in the XRP ETF Arena
Prominent asset managers Bitwise and Grayscale are fast-tracking their XRP ETFs under newly adopted SEC listing standards. These standards permit automatic effectiveness after 20 days if no objections arise, allowing both firms to launch without explicit SEC approval. This regulatory evolution signifies a pivotal shift in the U.S. financial landscape.
Bitwise has declared a 0.34% management fee for its XRP ETF, while Grayscale plans to levy a 0.35% fee, mirroring its Dogecoin ETF rate. Both companies are drawing from their Solana ETF success stories, which attracted over $56 million in first-day trading volume, indicating strong institutional appetite. According to Nate Geraci, president of NovaDius Wealth Management, “The introduction of spot XRP ETFs marks the end of an era of anti-crypto regulation.” This development could soon position XRP alongside Bitcoin, Ethereum, and Solana as a staple in the ETF market.
Market Analysts Predict a Bullish Breakout for XRP
Despite short-term market pressure, XRP maintains its position above the crucial $2.25 support level, which analysts regard as critical for the next upward trajectory. Market analyst Dominus anticipates that XRP will “print the largest green candle in crypto history,” driven by the convergence of ETF-driven demand, institutional interest, and on-chain resilience.
Moreover, Ripple’s RLUSD stablecoin has exceeded a valuation of $1 billion, underscoring the robustness of the company’s ecosystem. If the anticipated XRP ETFs commence trading by mid-November, the synergy of institutional inflows and renewed market optimism could trigger one of the most significant rallies in XRP’s history, potentially validating the long-awaited bullish breakout.
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