The Bitcoin price jumped 4.4% over the past 24 hours to trade at $106,507 as of 2:57 a.m. EST on trading volume that soared to [...]The Bitcoin price jumped 4.4% over the past 24 hours to trade at $106,507 as of 2:57 a.m. EST on trading volume that soared to [...]

XRP Soars 9% As DTCC Lists Five Spot XRP ETFs, Deal To End US Government Shutdown Advances

2025/11/10 16:54
3 min read

The XRP price jumped more than 9% after the Depository Trust and Clearing Corporation (DTCC) listed five spot XRP ETFs (exchange-traded funds), as optimism grows that a deal to end the US government shutdown is near.

The listings on the DTCC website were from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares, which appeared under DTCC’s “active and pre-launch” category, often viewed as signaling readiness for market debut.

XRP was trading at $2.46 as of 12:58 a.m. EST after erasing last week’s losses, according to CoinMarketCap. 

XRP price (Source: CoinMarketCap)

Crypto ETF Floodgates To Open As US Government Shutdown Nears End

This comes as the US government shutdown appears close to an end, with senators reaching a bipartisan deal to fund key departments through next year. The agreement passed an initial 60–40 Senate vote and now heads to the House before going to President Donald Trump for approval.

Traders on the decentralized predictions market Polymarket are confident that the shutdown will end sometime this week.

Contract asking when the shutdown will end (Source: Polymarket)

In a Polymarket contract asking when the US government shutdown will end, odds of a conclusion before tomorrow have risen in the past 24 hours. Traders see an 85% chance that the shutdown ends between Nov. 12 and Nov. 15. 

As the government shutdown nears its potential conclusion, NovaDius Wealth President Nate Geraci says that it will lead to the “spot crypto ETF floodgates opening.” 

He added that a first spot XRP ETF could launch this week. 

Generic Listing Standards Pave The Way For Faster Crypto ETF Approvals

The SEC’s newly approved generic listing standards for crypto ETFs also suggest a surge in launches in the coming weeks. 

Under the rules, crypto ETF applications can be fast-tracked via amended S-1 filings without procedural delays. This opens up the possibility that the pending spot XRP ETF applications will become effective by mid-to-late November. 

Earlier this month, Grayscale and Bitwise revealed fees for their respective spot XRP funds. Canary Capital CEO Steven McClurg also reportedly told attendees at the Ripple Swell event last week that his firm is prepared to launch its spot XRP ETF this week. 

Several crypto ETFs faced decision deadlines last month that have come and gone due to the ongoing US government shutdown. With government agencies operating on reduced staff, the SEC said that it will not deliver decisions on new applications until the shutdown ends.

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