Altcoin ETF decisions, which were expected to be announced in October, could not be announced due to the US government shutdown.
However, with the new rules adopted by the SEC in recent months, Solana (SOL), Litecoin (LTC) and Hedera (HBAR) ETFs began trading in recent weeks without separate SEC approval.
While the lack of an XRP ETF is still noteworthy, the launch date of XRP ETFs is very close.
ETF Store President Nate Geraci shared on his X account that the end of the US government shutdown has paved the way for a number of XRP ETFs.
Among the first to launch at this point is the Canary Capital spot XRP ETF, which will begin trading on Nasdaq on November 13.
The Canary Capital spot XRP ETF is being followed by ETFs from several major financial institutions: Franklin Templeton is set to launch its XRP ETF on the CBOE on November 18th. Following this, 21Shares, Bitwise, and CoinShares are expected to launch XRP ETFs between November 20th and 22nd. Grayscale and WisdomTree’s XRP ETFs will then launch on the New York Stock Exchange around November 25th.
While the XRP ETF is expected to start trading very soon, it was reported that five spot XRP ETFs have also completed their registration with the Depository Trust & Clearing Corporation (DTCC) as part of the ETF launch process.
These included Franklin Templeton 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)’.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/altcoin-etf-news-continues-to-roll-xrp-etf-release-date-announced/
