Is Wall Street Finally Ready for XRP?

Five spot XRP exchange-traded funds (ETFs) from CoinShares, Franklin Templeton, 21Shares, Canary Capital, and Bitwise have now appeared on the Depository Trust & Clearing Corporation (DTCC) list, signaling that the long-awaited introduction of XRP-based funds may be close.

According to sources, these ETFs could launch as early as next week. Canary Capital’s CEO, Steven McClurg, hinted at Ripple’s Swell conference that everything is ready for debut, comparing it to previous successful ETF launches for Litecoin (LTC) and Hedera (HBAR).

ETF Institute co-founder Nate Geraci echoed this optimism, stating that the end of the U.S. government shutdown “opened the floodgates” for new spot crypto ETF approvals. He predicted that the first ’33 Act spot XRP ETF could be approved before the end of the week.

“Government shutdown ending = spot crypto ETF floodgates opening,” Geraci wrote on X.

Earlier, he also pointed out Canary Capital’s upcoming spot XRP ETF and noted that WisdomTree had filed for a new CoinDesk 20 ETF — which will include the 20 largest cryptocurrencies by market capitalization, with XRP expected to represent nearly one-fifth of the portfolio.

Bitwise CEO Hunter Horsley said that an XRP ETF would likely become one of the most significant launches in the digital asset sector, as it offers traditional financial institutions a regulated way to gain exposure to crypto.

“This marks a major step — traditional finance and crypto are finally converging,” Horsley said. He emphasized that XRP’s position as the fourth-largest cryptocurrency, along with its active community, will likely fuel strong investor demand once regulatory approval is granted.

XRP has rallied over 12% in the past 24 hours, reaching $2.56 and outperforming the overall crypto market’s 4.9% rise. Its market capitalization jumped from $135 billion to $152 billion — an increase of nearly $17 billion in just one day.

The growing anticipation of XRP ETFs appears to be the main driver of this surge. Although inclusion on the DTCC list doesn’t guarantee SEC approval, it often indicates that funds are technically ready to launch once approved.

Macro conditions also contributed to the momentum. The U.S. Senate’s decision to end the government shutdown restored regulatory continuity for pending ETF reviews, while optimism surrounding a proposed “tariff dividend” further lifted investor confidence — even after clarification that it may come as tax relief rather than direct stimulus.