XRP News Today: DTCC Listing Marks Crypto ETF Inflection Point in Institutional Adoption

Bitwise Asset Management's XRP spot exchange-traded fund has been listed on the Depository Trust & Clearing Corporation (DTCC), marking a pivotal step in the growing institutional adoption of crypto assets. The fund, which will trade under the ticker symbol CLNK, joins four other XRP-focused ETFs from Franklin Templeton, 21Shares, Canary Capital, and CoinShares that have also been added to the DTCC registry, as TradingView's Cryptobriefing reported. This development signals a critical inflection point as market participants await the potential launch of these products in the U.S. later this month.

The DTCC listing is a prerequisite for secondary market trading and reflects the infrastructure advancements enabling crypto ETFs to gain broader acceptance. Bitwise's XRP ETF follows a similar structure to its Ethereum and Bitcoin offerings, aiming to provide retail and institutional investors with direct exposure to the XRP token while adhering to regulatory safeguards. The firm's move comes amid a surge in activity, with competitors like Franklin Templeton and 21Shares also preparing to debut their XRP funds.

Canary Capital CEO Steven McClurg highlighted the accelerated timeline for such launches, noting that his firm's XRPC ETF could become effective in 20 days through a "no-delay amendment" strategy, as TradingView's Cryptobriefing reported. This approach, which expedites regulatory review by minimizing procedural delays, underscores the urgency among issuers to capitalize on favorable market conditions. McClurg's comments come as WisdomTree and Grayscale also signal plans to enter the XRP ETF space. Grayscale, in particular, is seeking to convert its existing $14 million XRP Trust into a spot ETF, leveraging its established product infrastructure, as TradingView's Cryptobriefing reported.

The XRP ETF landscape is further bolstered by existing leveraged products like Teucrium's 2x Long Daily XRP ETF (XXRP) and ProShares Ultra XRP ETF (UXRP), which have attracted over $306 million in net assets since their debut, as TradingView's Cryptobriefing reported. These funds, which offer amplified exposure to XRP price movements, indicate strong retail appetite for crypto derivatives. Meanwhile, futures contracts on XRP and Solana have become some of the fastest-growing products at the CME Group, reflecting broader institutional participation in crypto markets, as TradingView's Cryptobriefing reported.

Market observers attribute the momentum to a combination of regulatory clarity and improved liquidity. The DTCC's role as a clearinghouse for these ETFs addresses a key barrier to institutional adoption by providing standardized settlement processes. "The success of these products hinges on the infrastructure laid by Bitcoin and Ethereum derivatives, which have established robust trading and risk management frameworks," said one analyst. This infrastructure has also enabled crypto exchanges to offer real-time trading and instant settlement, further aligning the asset class with traditional financial markets.

As the XRP ETF race intensifies, investors are closely watching for signs of regulatory approval and market demand. The DTCC's inclusion of these funds signals a shift toward mainstream acceptance, but challenges remain, including volatility risks and ongoing debates over the token's legal status. Nonetheless, the industry's rapid progress—from derivatives to spot ETFs—highlights crypto's evolving role in global finance.