While the SEC has been unable to announce altcoin ETF decisions in recent weeks due to the US government shutdown, Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs have begun trading. While this is possible with the new rules adopted by the SEC in recent months, it is noteworthy that there is still no XRP ETF. However, the XRP ETF is expected to begin trading very soon, as five spot XRP ETFs have reportedly completed their registration with the Depository Trust & Clearing Corporation (DTCC) as part of the ETF launch process. According to The Block, Franklin Templeton registered its ETFs as 'Franklin XRP Trust (XRPZ)', 21Shares as 'XRP ETF (TOXR)', Bitwise as 'XRP ETF (XRP)', Canary Capital as 'XRP ETF (XRPC)' and CoinShares as 'XRP ETF (XRPL)' with the US DTCC. While listing on the DTCC doesn't necessarily mean the ETFs have been approved, it's a necessary step before they launch and is considered a positive signal. It indicates that fund managers have completed most of their setup and are ready to trade once regulators approve. Famous CEO Announced! As you may recall, last week Canary Capital CEO Steven McClurg said at Ripple's annual event Swell 2025, “We plan to launch an XRP ETF next week following Litecoin and Hedera.” Related News: The CEO, who announced the Litecoin (LTC) and Hedera (HBAR) ETFs, has now announced the release date for the XRP ETF! Grayscale is also moving forward with its plan to convert its XRP Trust, which launched in September of last year, into a spot ETF. The trust currently has approximately $14 million in assets under management. The altcoin ETF news also raises questions about how such a move forward could be possible during the recent, but currently ongoing, US government shutdown. According to crypto journalist Eleanor Terrett, this is due to a special clause added to the funds' S-1 registration documents, which allows the ETF application to automatically take effect 20 days after it is filed. While SEC approval is normally required under normal circumstances, this provision allows the process to be completed automatically even during a government shutdown. *This is not investment advice. Continue Reading: Attention XRP Investors! The Countdown May Have Finally Begun for XRP ETFs! Here's the Latest Development!
