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XRP News Today: DTCC Listing Signals a Turning Point for Crypto ETFs in Institutional Embrace

XRP News Today: DTCC Listing Signals a Turning Point for Crypto ETFs in Institutional Embrace

Bitget-RWA2025/11/12 01:30
By:Bitget-RWA

- Bitwise's XRP ETF listing on DTCC marks a key step in institutional crypto adoption, joining four other XRP-focused ETFs. - Accelerated regulatory strategies like Canary Capital's "no-delay amendment" highlight urgency to capitalize on favorable market conditions. - Grayscale seeks to convert its $14M XRP Trust to a spot ETF while leveraged products like XXRP and UXRPs show strong retail demand. - DTCC infrastructure and Bitcoin/Ethereum frameworks enable real-time trading, signaling crypto's growing ali

Bitwise Asset Management's

spot exchange-traded fund has officially appeared on the Depository Trust & Clearing Corporation (DTCC) platform, representing a significant milestone in the increasing institutional embrace of digital assets. Trading under the ticker CLNK, this fund joins four other XRP-centric ETFs from Franklin Templeton, 21Shares, Canary Capital, and CoinShares, all of which are now part of the DTCC registry, according to . This move marks a crucial turning point as the market anticipates the possible rollout of these products in the United States later this month.

Being listed on the DTCC is essential for enabling secondary market trading and demonstrates the progress in infrastructure that is making crypto ETFs more widely accepted. Bitwise's

is structured similarly to its and funds, aiming to give both retail and institutional investors straightforward access to the XRP token while complying with regulatory standards. This initiative comes amid heightened activity, with rivals such as Franklin Templeton and 21Shares also preparing to introduce their own XRP ETFs.

Steven McClurg, CEO of Canary Capital, pointed out the accelerated schedule for these launches, stating that his company's XRPC ETF could go live in just 20 days by using a "no-delay amendment" process, as reported by

. This method, which streamlines regulatory approval by reducing procedural holdups, highlights the urgency among issuers to take advantage of favorable market conditions. McClurg's remarks come as WisdomTree and Grayscale also reveal intentions to enter the XRP ETF market. Grayscale, in particular, is working to transform its existing $14 million XRP Trust into a spot ETF, leveraging its established product platform, according to .

The XRP ETF sector is further strengthened by leveraged offerings such as Teucrium's 2x Long Daily XRP ETF (XXRP) and

(UXRP), which together have accumulated more than $306 million in net assets since their introduction, as noted by . These products, which provide magnified exposure to XRP price changes, reflect strong interest from retail investors in crypto-based derivatives. Meanwhile, futures contracts for XRP and have emerged as some of the fastest-expanding offerings at CME Group, demonstrating increased institutional involvement in the crypto sector, as reported by .

Analysts attribute this momentum to a mix of clearer regulations and enhanced liquidity. The DTCC's function as a clearinghouse for these ETFs helps remove a major obstacle to institutional participation by offering standardized settlement procedures. "The viability of these products depends on the groundwork established by Bitcoin and Ethereum derivatives, which have set up strong trading and risk management systems," one analyst commented. This foundation has also allowed crypto exchanges to provide instant trading and settlement, bringing the asset class closer to traditional financial markets.

With competition in the XRP ETF space heating up, investors are watching closely for regulatory green lights and signs of market interest. The DTCC's acceptance of these funds points to a move toward broader mainstream adoption, though challenges such as volatility and ongoing legal debates over the token's status persist. Even so, the rapid evolution from derivatives to spot ETFs underscores the growing significance of crypto in the global financial landscape.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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