DTCC Lists Nine XRP ETFs as Countdown to Potential Launch Begins

TLDR

• DTCC now lists nine XRP ETFs on its platform
• Products include both futures-based and spot-based strategies
• Four futures XRP ETFs are already trading in the market
• Five-spot XRP ETFs are still awaiting final SEC approval
• November 13 set as potential launch date for spot products

The Depository Trust & Clearing Corporation has listed nine XRP ETFs on its platform. These products represent a mix of spot and futures-based strategies filed between October 2024 and June 2025. The listing suggests that several XRP ETFs could begin trading as soon as November 13.

When an ETF appears on the DTCC site, it has completed early registration steps. The fund is then ready for market settlement once it receives regulatory approval. However, a DTCC listing does not confirm that trading has started yet.

The nine XRP ETFs comprise products from major issuers, including 21Shares, ProShares, Bitwise, and Canary Capital. Other issuers on the list are Volatility Shares, CoinShares, REX-Osprey, and Teucrium. Each fund uses different strategies to track XRP price movements.

Futures-Based XRP ETFs Already Trading

Four XRP ETFs use futures contracts to track the token’s price movements. These products include ProShares Ultra XRP ETF, Volatility Shares Trust XRP ETF, Volatility Shares 2x XRP ETF, and Teucrium 2x Long Daily XRP ETF. All four futures-based funds have already launched and are currently trading.

The futures products offer daily leverage of one to two times XRP’s price movement. They do not hold actual XRP tokens in custody accounts. Instead, these funds use derivatives contracts to gain exposure to the cryptocurrency.

REX-Osprey XRP ETF launched in September as a hybrid product with approximately 80% spot exposure. The fund operates under 1940 Act compliance rules. This structure allows it to trade while pure spot products await final regulatory clearance.

Pure Spot XRP ETFs Await SEC Approval

Five XRP ETFs focus on direct spot exposure by holding actual XRP tokens. These products include 21Shares Core XRP Trust, Bitwise XRP ETF, Canary XRP ETF, CoinShares XRP ETF, and REX-Osprey’s spot component. All five remain under SEC review for final approval.

The review process stalled after the government shutdown on October 1. This freeze affected more than 16 pending applications for altcoin ETFs. Products tied to XRP, Solana, Dogecoin, and Cardano all faced delays.

Recent developments have renewed optimism for spot XRP ETFs. Canary Capital removed the delaying amendment from its filing. This action sets November 13 as the automatic effective date once Nasdaq clears the ticker symbol.

November 13 Target Date for Multiple Filings

Fidelity and Canary filed final S-1 updates for their altcoin ETF applications. The same approval window now applies to multiple XRP ETF filings. If the SEC clears these submissions, several spot products are expected to start trading on November 13.

The altcoin ETF market saw recent progress despite earlier delays. Canary Capital launched the first U.S. spot Litecoin ETF on October 28. Bitwise rolled out its spot Solana ETF under new generic listing standards on the same day.

Grayscale’s Solana ETF also launched on October 29. These launches indicate that the SEC has resumed processing applications for altcoin ETFs. The momentum could extend to XRP ETFs and other pending cryptocurrency products before the end of November.

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