XRP ETF Approval Gains Momentum as U.S. Government Reopens

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Five-spot XRP ETFs have quietly appeared on the DTCC website, the same clearing and settlement system used for U.S. securities. This development mirrors what happened with Bitcoin and Ethereum ETFs just before their official launches.

Since ETFs typically show up on DTCC only when trading preparations are underway, the listing strongly suggests that XRP ETF approval may be closer than expected. The market reacted instantly. XRP surged 9% to $2.46 on November 10, 2025, driven by rising trading volume and renewed optimism following Ripple’s partial legal victory against the SEC.

A Wave of Spot XRP ETF Filings Signals Coordinated Institutional Interest

The DTCC listings include heavyweight institutions such as Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares. This is not a test entry or a placeholder — these coordinated filings indicate that major asset managers are positioning for imminent SEC approval of XRP ETFs.

Franklin Templeton updated its S-1 registration with language that allows automatic activation once regulatory approval is granted.
Bitwise filed what analysts describe as its final amendment, signaling that the firm has completed revisions and is awaiting the SEC’s green light.
Canary Capital accelerated its timeline by withdrawing its delaying amendment, removing procedural barriers and paving the way for faster activation.
Nasdaq now only needs to finalize accompanying documentation before the ETF becomes effective.

Meanwhile, CoinShares and 21Shares are expected to complete their filings shortly. If everything aligns, multiple spot XRP ETFs could debut within the same month, a milestone even Bitcoin did not achieve during its ETF rollout.

Government Reopens XRP ETF Reviews Resume at Full Speed

The momentum behind XRP ETF approval had temporarily slowed due to the U.S. government shutdown, which froze SEC activity. However, with the Senate passing a temporary funding bill and agencies reopening, ETF reviews are now back in motion.

Instead of delaying the process, the restart has accelerated it. Most issuers had already finalized their amendments before the shutdown, meaning that once the SEC resumed operations, XRP filings immediately returned to the fast track.

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Why XRP ETF Approval Could Be a Game-Changer

XRP has already attracted strong demand through leveraged and institutional products, with one fund surpassing $100 million in assets earlier this year. However, spot XRP ETFs represent an entirely different class of financial product — one that requires issuers to purchase actual XRP to back every share issued.

This translates to genuine inflows, enhanced market liquidity, and sustained demand, potentially marking a historic turning point for XRP’s market structure and price trajectory.

Technical Indicators Reinforce XRP’s Bullish Momentum

XRP’s technical setup supports the current rally. The token climbed from $2.26 to $2.40, breaking through key resistance near $2.35 with heavy volume before touching $2.43 and consolidating. When prices briefly corrected to $2.395, buyers stepped in aggressively, a clear sign of investor confidence.

The broader structure shows higher highs and higher lows, RSI maintains healthy momentum, and MACD remains firmly in positive territory. Despite nearly 500,000 XRP moving between large wallets, accumulation trends still dominate, highlighting growing institutional confidence ahead of a potential spot XRP ETF approval.