Five spot XRP exchange-traded funds (ETFs) have been officially listed on the Depository Trust and Clearing Corporation (DTCC), generating excitement about a possible U.S. launch in the near future. The listed funds include the Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL).
At Ripple Swell 2025, Canary Capital’s CEO, Steven McClurg, shared the firm’s ambition to launch its XRPC fund as early as next week. He highlighted that following the successful rollout of their Litecoin and Hedera ETFs, they are employing a no-delay amendment process that could see the ETF become effective within 20 days. The rapid pace at which issuers are moving has led market observers to anticipate that WisdomTree will soon join the ranks of these competing funds listed on the DTCC.
Meanwhile, Grayscale is strategizing to launch its own spot XRP ETF through the conversion of its existing XRP Trust. Since its inception last September, the trust has accumulated approximately $14 million in assets under management, reflecting strong interest among early investors.
Additional XRP-related financial products have made their debut this year, including Teucrium’s 2x Long Daily XRP ETF (XXRP) and the ProShares Ultra XRP ETF (UXRP). The XXRP fund has seen impressive early success, attracting around $306 million in net assets within a year, indicating a robust demand for leveraged exposure to XRP.
As investments in cryptocurrency continue to flourish, Solana and XRP futures have emerged as the fastest-growing products at CME Group, benefitting from the established infrastructure and liquidity enhancements introduced by previous derivatives for Bitcoin and Ethereum. The favorable reception of these new products illustrates an increasing engagement from market participants and the adoption of trading strategies that have historically been utilized for established digital assets.
