Five XRP spot ETFs now listed on DTCC ahead of potential launch this month

Key Takeaways

• Five spot XRP ETFs have been listed on DTCC ahead of a potential US launch this month.
• Grayscale and other asset managers are expanding ETF offerings amid strong market interest.

Five spot XRP exchange-traded funds from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have appeared on the Depository Trust and Clearing Corporation ( DTCC ), as expectations build for a potential US debut later this month.

The listed funds are Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL).

This week, Canary Capital CEO Steven McClurg said at Ripple Swell 2025 that the firm hoped to launch its XRPC fund next week after successfully launching its Litecoin and Hedera ETFs. McClurg explained that with the use of a no-delay amendment, Canary’s XRP ETF could become effective in 20 days.

With more issuers moving quickly, market observers are now expecting to see WisdomTree’s XRP ETF soon join competing funds on DTCC.

Amid this growing wave of filings, Grayscale is also seeking to launch its spot XRP ETF through a conversion of its existing XRP Trust. The trust has achieved approximately $14 million in assets under management since its rollout last September.

Strong early investor demand

A number of XRP-linked products debuted earlier this year, including Teucrium’s 2x Long Daily XRP ETF (XXRP) and ProShares Ultra XRP ETF (UXRP).

The XXRP fund has attracted around $306 million in net assets in less than a year, suggesting market interest in leveraged XRP exposure.

Solana and XRP futures have emerged as CME Group’s fastest-growing crypto products, significantly benefiting from the infrastructural and liquidity advancements established by earlier derivatives for Bitcoin and Ethereum. The success of these products reflects increased market participation and the implementation of popular trading strategies previously applied to older digital assets.