"5 ETFs Listed for Ripple, the Largest Organization in the US"

Recently, the focus in the digital asset market has shifted back to XRP ETF approvals. The U.S.'s largest clearing and custodial organization, the Depository Trust and Clearing Corporation (DTCC), has included five different spot XRP ETFs prepared by Bitwise (XRP), Franklin Templeton (XRPZ), 21Shares (TOXR), Canary (XRPC), and CoinShares (XRPL) in its active and pre-launch fund list.

This development is generally perceived as a positive signal for ETF approval, but it does not guarantee final approval from the SEC. Following the successful launches of Bitcoin and Ethereum ETFs, large fund issuers have entered into intense competition to introduce similar products for other altcoins. Recently, Litecoin (LTC), Solana (SOL), and Hedera (HBAR) ETFs have hit the market with investors.

The U.S. Securities and Exchange Commission (SEC) has reportedly initiated an accelerated approval process for ETF issuers. This could allow funds that complete the necessary paperwork to automatically go into effect between mid to late November.

Grayscale and Bitwise revealed the fee structure for their XRP ETFs earlier this month, while Steven McClurg, CEO of Canary Capital, stated at the Ripple Swell event that they are ready to launch their funds next week. Additionally, Nate Geraci, President of NovaDius Wealth Management, also mentioned on his social media account X (Twitter) that, “I expect the first XRP ETF series to start trading next week,”.

Finally, the Senate reaching a temporary agreement to prevent a shutdown of the U.S. government increases the likelihood of the SEC's evaluation processes speeding up and advancing other altcoin ETF applications. A critical aspect for investors closely following these developments is the upcoming launch of XRP ETFs in the coming days.