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Five spot XRP exchange-traded funds from major asset managers have appeared on the Depository Trust & Clearing Corporation’s listing ahead of expected SEC approval, with market watchers anticipating a US debut before the end of November.
The ETFs—from CoinShares, Franklin Templeton, 21Shares, Canary Capital, and Bitwise—represent the first wave of XRP investment products poised to enter traditional markets following years of regulatory uncertainty around Ripple’s native token.
The Spot XRP ETF listings suggest that U.S. regulators are finally softening their stance toward digital asset products. Pre-launch ETFs often appear on the DTCC list before receiving final clearance from the U.S. Securities and Exchange Commission (SEC), and filings indicate that these XRP products are nearly ready for debut.
As Cryptopolitan reported earlier, U.S. SEC filings show that multiple Spot XRP ETF products are moving quickly through the approval pipeline. The removal of delay clauses in several S-1 filings strongly indicates that the SEC is poised to give the green light — a development many see as a turning point in crypto regulation.
ETF expert Nate Geraci, co-founder of the ETF Institute, emphasized the importance of the moment, saying:
“Sometime in the next two weeks, I expect the launch of the first Spot XRP ETFs. The SEC had open litigation against Ripple for five years, up until three months ago. In my opinion, the launch of these Spot XRP ETFs represents the final nail in the coffin of previous anti-crypto regulators.”
Geraci also noted that the end of the U.S. government shutdown may have “opened the floodgates for spot crypto ETFs,” paving the way for the first-ever ’33 Act Spot XRP ETF to hit the market imminently.
Canary Capital’s filing on November 8 to list its Spot XRP ETF on Nasdaq showcases how traditional finance is embracing crypto. CoinDesk Indices will calculate pricing based on a 60-minute time-weighted average XRP-USD rate, while Gemini and BitGo will serve as custodians — both trusted names in digital asset security.
Geraci revealed in his weekly ETF Buzz that October recorded a record-breaking 136 ETF launches, proving investor hunger for diversified investment products. “Canary’s Spot XRP ETF could be among the next wave of innovation,” he said, underscoring the momentum driving the ETF market forward.
Meanwhile, WisdomTree has filed for a CoinDesk 20 ETF that includes XRP, with nearly 19.6% of total holdings expected to be allocated to the digital asset — further highlighting XRP’s growing institutional demand.
Investor appetite for ETFs is at an all-time high. A recent Charles Schwab study found that 62% of investors can envision allocating all their funds to ETFs, while 50% expect to be fully invested in them within five years. This growing trust underscores why the Spot XRP ETF launch could become one of the most impactful developments in the crypto market this year.
David Botset, Managing Director at Schwab Asset Management, remarked:
“The world of investing is undergoing rapid transformation, and ETF investors are leading this evolution.”
He added that ETFs now outnumber individual U.S. stocks, reflecting the structural shift in portfolio strategies. For many investors, the Spot XRP ETFs could serve as a bridge between traditional finance and blockchain-powered opportunities.
The arrival of multiple Spot XRP ETFs represents far more than just another crypto milestone — it signals the institutional acceptance of XRP as a legitimate asset class. With CoinShares, Franklin Templeton, and Bitwise all moving forward simultaneously, the Spot XRP ETF era is poised to redefine crypto investing in the U.S.
As Nate Geraci summarized:
“The floodgates for spot crypto ETFs are open. The Spot XRP ETF launch will mark a defining moment for this industry.”
