The path toward a U.S.-listed spot XRP exchange-traded fund advanced this week when the Depository Trust & Clearing Corporation (DTCC) added the proposed Canary XRP ETF (ticker: XRPC) to its eligibility list. The update stirred excitement among XRP supporters, but market professionals stress that it is simply a routine preparation step—not a sign of imminent approval. Pre-Launch Setup, Not SEC Approval The DTCC, which clears and settles most U.S. securities trades, regularly adds pending funds to its system so they are ready to trade if regulators eventually give the green light. Along with Canary’s XRP product, the list now features Fidelity’s Solana ETF and Canary’s Hedera ETF. However, this behind-the-scenes preparation should not be mistaken for regulatory progress. Nate Geraci, president of The ETF Store, explained that a DTCC listing is “just standard ETF plumbing,” noting that only the Securities and Exchange Commission (SEC) can authorize a launch. PSA… DTCC "listing" Fidelity sol ETF and Canary xrp & hbar ETFs doesn't mean *anything* from regulatory standpoint. It's all on the SEC. pic.twitter.com/K1SXH2KEeA — Nate Geraci (@NateGeraci) September 11, 2025 Other XRP Products Already Active Canary’s proposal joins a growing roster of XRP-related funds. Several futures-based XRP ETFs from managers such as Volatility and ProShares are already live and clearing through the DTCC. Adding the Canary spot ETF simply ensures that market infrastructure is ready if and when the SEC grants approval. SEC Decisions Still Months Away The SEC remains the key gatekeeper. The agency recently extended its review of Franklin Templeton’s spot XRP ETF application, setting a final decision date of November 14, 2025. Other proposals from Grayscale , Bitwise, 21Shares, and CoinShares face final deadlines in October. Until the SEC issues a ruling, no spot XRP ETF can legally trade. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Market Optimism Persists Despite the slow regulatory pace, sentiment around XRP remains upbeat. Prediction platform Polymarket places the odds of at least one U.S. spot XRP ETF approval in 2025 at 92%. Institutional participation is already strong: futures-based XRP ETFs hold over $800 million in assets, and the CME Group recently reported a record $1 billion in XRP futures open interest only three months after launch. Price Outlook Strengthens Investor enthusiasm is feeding into XRP’s spot market performance. At press time, XRP trades near $3.05, up about 2% over the past few days and more than 8% over the week. Technical analyst Dark Defender projects potential moves toward $4.40 and $5.85. While other market watchers, such as Zach Recor and CryptoInsightUK, believe a rally toward $10 could follow if a spot ETF gains approval. The DTCC’s listing of the Canary XRP ETF highlights how market infrastructure is positioning itself ahead of any regulatory decision. Yet the final call rests with the SEC. Until that verdict arrives, XRP investors can only watch as institutional interest grows and the market prepares for a potential breakthrough. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP ETFs Make Fresh Progress Ahead of SEC Greenlight appeared first on Times Tabloid .
