The DTCC has just announced the registration of nine XRP ETFs, indicating a sharp increase in institutional appetite for Ripple's token. With a mix of futures and spot products, the first US XRP ETFs could potentially start trading this month.
Registration with the Depository Trust & Clearing Corporation (DTCC) doesn’t automatically mean trading can begin. However, it represents a critical preparatory step. XRP ETFs based on futures contracts like UXRP, XRPI, XRPT, and XXRP are already active on certain platforms. Meanwhile, spot funds such as TOXR, XRP, XRPC, and XRPL await final validation.
The process experienced a significant slowdown due to the US government shutdown last October, which froze more than a dozen ETF applications linked to major altcoins, including Solana, Dogecoin, and Cardano. This regulatory pause delayed the entire approval timeline, frustrating issuers and institutional investors.
Canary Capital has removed its postponement amendments and set November 13 as the automatic effective date for its XRP ETF. This strategy bypasses the need for explicit SEC approval, leveraging a rarely used regulatory window. Analysts now expect XRP ETF trading to begin within days of this deadline, paving the way for a wave of similar launches.
Asset management giants Bitwise and Grayscale have confirmed their intentions to launch their ETFs for XRP using the SEC’s new registration standards. Bitwise is offering management fees of 0.34%, while Grayscale has set its rate at 0.35%, identical to its Dogecoin ETF. This aggressive pricing strategy aims to quickly capture market share.
Both issuers are replicating their proven approach with Solana ETFs, which generated more than $56 million in trading volume on their first day. This performance demonstrates robust institutional demand for major altcoins, and XRP could benefit from similar or even greater interest given its market capitalization and liquidity.
According to Nate Geraci, president of NovaDius Wealth Management, this launch marks the end of an era of hostile cryptocurrency regulation. If XRP ETFs achieve commercial success, XRP will join Bitcoin, Ethereum, and Solana as a primary asset class in the institutional landscape. This recognition could trigger a massive revaluation of the token by pension funds and family offices that were waiting for a clear regulatory framework.
Despite short-term selling pressure, XRP maintains its critical support at $2.25, a level that traders consider decisive for the next bullish phase. Analyst Dominus recently predicted that XRP would “print the largest green candle in crypto history,” citing the convergence between institutional demand and on-chain momentum.
Ripple’s RLUSD stablecoin has surpassed $1 billion in valuation, reinforcing the strength of the ecosystem and demonstrating the growing adoption of Ripple’s payment solutions. This parallel growth suggests that Ripple’s infrastructure is gaining credibility among traditional financial players.
If XRP ETFs begin trading in mid-November as expected, the combination of institutional flows, improved market sentiment, and technical strength could trigger one of the strongest rallies in the token’s history. Traders are closely monitoring the resistance zone at $2.80-$3.00, which if broken would confirm the beginning of a new expansion phase.
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