XRP News Update: Altcoin ETFs Move Closer to U.S. Approval After DTCC Surpasses Major Obstacle

DTCC has recently added Bitwise’s spot

(LINK) ETF to its listings under the symbol CLNK, fueling rumors that altcoin-focused ETFs may soon debut in the U.S. This step, revealed by the Depository Trust and Clearing Corporation, is a key procedural phase that often comes just before regulatory clearance and the start of trading, according to a . This update comes amid heightened activity from leading asset managers preparing XRP-related ETFs. Five such products—including those from Franklin Templeton, Bitwise, and CoinShares—are now featured on DTCC’s pre-launch list, as highlights.

Bitwise’s CLNK ETF was filed with a no-delay amendment, indicating it’s set for automatic effectiveness once the SEC’s review is complete,

. In contrast to Grayscale’s proposed Chainlink ETF, which may include staking for LINK tokens, Bitwise’s fund will directly hold the asset without staking, as noted in the same . Chainlink, a decentralized platform, has seen its value fall by 6.55% to $15.36. However, analysts believe that ETF approvals could reignite investor enthusiasm, according to the .

At the same time,

is growing for ETFs. Canary Capital’s XRPC fund could launch as soon as November 13, following its 8-A filing with the SEC, . CEO Steven McClurg has previously emphasized the fund’s potential to surpass Solana’s launch, pointing to robust demand for XRP, as . Currently, five XRP ETFs from Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares are under DTCC’s consideration, with industry watchers expecting approvals within weeks after the U.S. government shutdown ends, as suggests.

The regulatory environment has shifted now that the SEC has resumed reviews after a month-long halt caused by the shutdown, as

states. This has opened the door for pending proposals, including Grayscale’s intention to turn its current XRP Trust into a spot ETF, according to the . Leveraged XRP products such as Teucrium’s XXRP and Rex-Osprey’s XRPR have already gathered more than $100 million in assets, highlighting strong institutional demand, as .

Traders are keeping a close eye on XRP’s price, which has recently dropped 5.15% to $2.41, according to the

. Yet, past examples—such as and Ethereum ETFs attracting over $50 billion—indicate that regulatory certainty could bring in substantial new investment, as points out. The popularity of and XRP futures on CME Group also demonstrates increasing institutional involvement in crypto derivatives, as observes.

These DTCC listings and regulatory shifts underscore a wider move toward institutional engagement. For example, Franklin Templeton’s XRPZ ETF has secured Coinbase Trust as its custodian and updated its S-1 registration to speed up its launch, as

mentions. At the same time, WisdomTree and other companies are expected to enter the market, increasing competition for investor attention, according to the same .