Five spot XRP ETFs from CoinShares, Franklin Templeton, 21Shares, Canary Capital, and Bitwise have just popped up on the DTTC list. CoinShares’ XRPL, Franklin’s XRPZ, 21Shares’ TOXR, Canary’s XRPC, and Bitwise’s XRP ETF (XRP) are expected to hit the U.S. market by the end of November.
The DTCC list, last updated on Friday, includes both active ETFs that may be processed at the DTCC and pre-launch ETFs that cannot yet be processed at the DTCC. Pre-launch ETFs usually lack the necessary regulatory and other approvals.
Cryptopolitan reported nearly a week ago that XRP ETFs are expected to be launched in the U.S. within the next two weeks. U.S. SEC filings reveal that multiple XRP ETF products are in the pipeline, and the removal delay clauses (in S-1s) suggest that their approval is almost guaranteed. Cryptopolitan also noted that REX-Osprey’s XRPR ETF is already active in the U.S. markets, and rising XRP ETF speculation has created a market opportunity for XRP Tundra.
Geraci predicts XRP ETFs could start launching this week
Nate Geraci, co-founder of the ETF Institute, stated earlier today that the end of the government shutdown means the floodgates for spot crypto ETFs are opening. He pointed out that the first ‘33 Act spot XRP ETF could be launched as early as this week.
In last week’s ETF buzz, Geraci disclosed that Canary’s spot XRP ETF is coming soon, maybe by the end of this week. Canary Capital filed with the U.S. SEC on November 8, seeking to list and trade on The Nasdaq. CoinDesk Indices calculate the Pricing Benchmark based on a 60-minute time-weighted average price of the XRP-USD CCIXber Reference Rate. The Trust also intends to have both Gemini and BitGo as its XRP custodians.
Geraci also mentioned that WisdomTree has filed for the CoinDesk 20 ETF, which will hold 20 of the largest crypto assets by market cap that are eligible for inclusion in the index. XRP is expected to account for nearly 19.6% of the total holdings.
“Sometime in the next two weeks, I expect the launch of first spot xrp ETFs…SEC had open litigation against Ripple for the past five years, up until three months ago…IMO, launch of spot xrp ETFs represents final nail in coffin of previous anti-crypto regulators.”
–Nate Geraci, Co-founder of the ETF Institute
Geraci’s weekly ETF buzz revealed that October saw a record month of 136 ETF launches. However, Roundhill CEO Dave Mazza noted that it is difficult for small, upstart issuers to survive in the ETF Terrordome, emphasizing that this fact is well documented.
Schwab says investors are flooding into ETFs
Charles Schwab’s latest ETF study suggests that nearly 62% of investors can envision putting all their money into ETFs. Half (50%) said they could be fully invested in ETFs in the next five years. Schwab believes this signals growing affinity for and reliance on ETFs to meet a range of investment needs.
Meanwhile, Schwab observed that 66% of the respondents who participated in the study started investing in ETFs within the past five years. The majority of investors (~94%) also agreed that ETFs help them maintain low costs within their portfolios. Another 46% said ETFs offered access to asset classes that would otherwise be inaccessible.
David Botset, Managing Director, Head of Strategy, Innovation, and Stewardship at Schwab Asset Management, asserted that the world of investing is undergoing a rapid transformation. He particularly pointed out that ETF investors are at the forefront of this evolving landscape.
Botset believes many investors are using ETFs, which now outnumber individual U.S. stocks, for low-cost core portfolio investments. He also claimed that 48% of ETF investors want to be in fixed income allocations.
Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
