Quick overview

Live XRP/USD Chart

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CoinShares’ XRPL, Franklin’s XRPZ, 21Shares’ TOXR, Canary’s XRPC, and Bitwise’s XRP ETF (XRP) are anticipated to launch on the US market.

The required regulatory and other approvals are typically absent from pre-launch ETFs. It is anticipated that XRP ETFs will be introduced in the United States.  Several XRP ETF products are being developed, according to US SEC filings, and the removal delay clauses (in S-1s) imply that their approval is nearly certain.

The XRPR ETF from REX-Osprey is currently trading in the United States.

Geraci revealed that Canary’s spot XRP ETF will launch soon—possibly by the end of this week—during last week’s ETF buzz. On November 8, Canary Capital submitted a request to list and trade on The Nasdaq to the US SEC.

The Pricing Benchmark is determined by CoinDesk Indices using the XRP-USD CCIXber Reference Rate’s 60-minute time-weighted average price. Additionally, the Trust plans to use BitGo and Gemini as its XRP custodians. WisdomTree has applied for the CoinDesk 20 ETF, which will hold 20 of the biggest cryptocurrency assets by market capitalization that are qualified for inclusion in the index, according to Geraci. It is anticipated that XRP will make up approximately 19.6% of all holdings

Markets anticipated that the first spot XRP ETFs would be launched sometime in the next two weeks.  SEC had been suing Ripple for the previous five years until three months ago.  The launch of spot XRP ETFs is the last straw for earlier anti-crypto regulators.