Five Spot XRP ETFs Listed on DTCC, Potential US Launch Imminent
- Five spot XRP ETFs have been listed on DTCC, with a potential US launch expected this month.
- Grayscale and other asset managers are expanding their ETF offerings due to strong market interest.
- Canary Capital CEO Steven McClurg announced plans to launch the XRPC fund next week, following successful launches of Litecoin and Hedera ETFs.
- The XXRP fund has attracted approximately $306 million in net assets within a year, indicating high investor demand for leveraged XRP exposure.
- Solana and XRP futures are among CME Group’s fastest-growing crypto products, benefiting from advancements in infrastructure and liquidity.
The listing of five spot XRP ETFs on DTCC signals growing interest and expansion in the ETF market. With Grayscale’s efforts to convert its existing XRP Trust into an ETF, which has $14 million in assets under management, the market is witnessing significant investor demand for leveraged exposure to XRP.
Source (3.2)https://cryptobriefing.com/xrp-spot-etfs-dtcc-launch/?rand=59535
