Crypto: XRP explodes as end of shutdown approaches

As the US shutdown crisis comes to an end, another signal is attracting the attention of crypto investors. No less than eleven ETFs backed by XRP have just appeared on the website of the DTCC, the key organization for American financial markets. Although this registration does not constitute regulatory approval, it demonstrates concrete progress towards a possible listing on the US markets. This is a major technical milestone for XRP, which could well reignite institutional interest around the asset.

Eleven XRP ETFs listed on the DTCC: an activation signal?

The crypto sphere was ignited on November 4, when several observers spotted the appearance of eleven ETF products backed by XRP on the official website of the Depository Trust and Clearing Corporation (DTCC), despite a fall of 9% this Sunday, November 9.

Among the companies concerned are heavyweights in the sector. This registration means that the technical infrastructure is ready to enable trading of these products on US markets. However, this “does not guarantee regulatory approval”let alone an immediate launch.

ETF analyst Nate Geraci summed it up this way: “in the meantime, we could see the launch this week of the very first XRP spot ETF registered under the 1933 law”.

Here is the transmitters whose XRP ETF products are listed on the DTCC website:

• 21Shares;
• ProShares;
• Bitwise;
• Canary Capital;
• Volatility Shares;
• REX-Osprey;
• CoinShares;
• Amplify;
• Franklin Templeton.

That's a total of 11 ETF products, counting the different variants or classes offered by certain managers. On the other hand, Grayscale (GXRP) and WisdomTree are not yet in this first wave, which suggests that their regulatory process is at a less advanced stage.

It is worth noting that Canary Capital has publicly stated that its XRP ETF will be “coming soon”revealing possible approval as early as this week.

The enthusiasm is therefore tangible, even if the final green light from the Securities and Exchange Commission (SEC) has still not been given.

The end of the shutdown: a catalyst for crypto ETFs?

The hope of a rapid resumption of government activities in the United States is giving new impetus to the crypto market. Last Sunday, the US Senate announced a deal on the federal budget, ending the longest shutdown in the country's history.

This decision immediately impacted the futures markets, as pointed out by Eric Balchunas, ETF analyst at Bloomberg, noting a “U.S. stock futures rebound”. For crypto players, this administrative unblocking above all means a potential relaunch of the ETF approval processes.

As Nate Geraci summarized in a publication on X: “the end of the government shutdown could open the floodgates to spot crypto ETFs”.

Beyond the sole case of XRP, this dynamic could influence crypto ETF projects currently on hold more broadly. The end of the shutdown gives federal agencies the means to process pending files.

This situation, combined with the emerging optimism around XRP, fuels the idea of ​​an imminent expansion of the regulated market for these assets. It could also strengthen the discourse of supporters of constructive regulation, at a time when the crypto ecosystem seeks to attract institutional investors.

If the launch of an XRP ETF were to be confirmed in the coming days or weeks, this would constitute a major symbolic turning point. Not only because XRP has long been in the crosshairs of regulators, but also because it could be the first token outside of bitcoin to gain access to an exchange product of this type in the United States. This precedent could pave the way for other cryptos and reshuffle the cards in the race for institutional legitimacy.