NEW YORK / LONDON (IT BOLTWISE) – The launch of XRP ETFs could revolutionize the crypto market and overcome regulatory hurdles. With new listings on the DTCC website and an end to the US government shutdown, hopes for an early market launch are rising.
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The news that the US Senate has reached an agreement to end the longest government shutdown in the country’s history has sent not only financial markets into turmoil, but also the crypto world. XRP in particular, one of the leading cryptocurrencies, benefited from this development and recorded a price increase of over 12% within 24 hours. This positive market reaction is further fueled by the prospect of new XRP exchange-traded funds (ETFs) listed on the Depository Trust and Clearing Corporation (DTCC) website.
The listing of 11 XRP ETFs in the DTCC’s “active and pre-launch” section suggests that the infrastructure for trading these products is ready as soon as final regulatory approval is granted. The names listed include well-known companies such as 21Shares, Bitwise and Franklin Templeton. These developments raise hopes of an early launch of XRP ETFs in the US, which would mark a significant step for cryptocurrency acceptance.
Analysts see the end of the government shutdown as a potential turning point for the crypto market. Nate Geraci, an ETF analyst, expressed confidence on Platform X that the end of the shutdown could open the “floodgates” for spot crypto ETFs. Eric Balchunas from Bloomberg also sees the introduction of XRP ETFs as the “final chapter” for the previous wave of anti-crypto regulators that have shaped the market in recent years.
The prospect of XRP ETFs is seen by many as a crucial step in institutional acceptance of cryptocurrencies. If approved, XRP could join Bitcoin and Ethereum in the ranks of US-traded spot crypto ETFs. This would not only increase market liquidity but also increase confidence in cryptocurrencies as an asset class. The coming weeks will show whether the regulatory hurdles can be overcome and whether XRP will actually enter a new phase of institutional acceptance.
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