The imminent end of the U.S. government shutdown could potentially pave the way for the launch of long-delayed spot cryptocurrency exchange-traded funds, according to Nate Geraci of NovaDius Wealth Management. In a recent X post, he highlighted that the first spot XRP ETF structured under the 1933 Securities Act could launch within days.
Government shutdown ending = spot crypto ETF floodgates opening…
In meantime, could see first ‘33 Act spot xrp ETF launch this week.
— Nate Geraci (@NateGeraci) November 10, 2025
He made the assertion shortly after the U.S. Senate advanced a major package that would fund several government agencies through January 30, 2026, and potebtially end the prolonged shutdown.
It is worth noting that the U.S. has seen its first spot XRP ETF. However, that fund, launched by REX Shares and Osprey, was structured under the Investment Company Act of 1940.
The U.S. has yet to see the debut of a spot XRP ETF structured under the Securities Act of 1933—the same regulatory framework used for Bitcoin and Ethereum spot ETFs. Interestingly, Geraci mentioned that the first spot XRP ETF under the 1933 Act could launch this week.
Geraci said the arrival of spot XRP ETFs represents “the final nail in the coffin” of prior anti-crypto regulatory sentiment. He also highlighted that WisdomTree’s newly proposed CoinDesk 20 ETF may include XRP with an estimated 19.6% portfolio weighting.
DTCC Listings Confirm Imminent Launches
Meanwhile, five spot XRP ETFs have now appeared on the Depository Trust and Clearing Corporation (DTCC) platform. The listings from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares mirror the pathway Bitcoin and Ethereum ETFs followed before their official launches.
The DTCC, which handles post-trade processing for U.S. securities, plays a crucial logistical role in confirming operational readiness ahead of public trading.
According to CryptoBriefing, five spot XRP ETFs from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have appeared on the DTCC list — Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF…
— Wu Blockchain (@WuBlockchain) November 10, 2025
The current DTCC roster now includes Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL). While some remain in the pre-launch phase pending regulatory clearance, they will automatically activate once the Securities and Exchange Commission completes its reviews.
Canary Capital and Franklin Lead the Race
At Ripple’s Swell 2025 conference, Canary Capital CEO Steven McClurg announced that the XRPC ETF could launch as early as this week using the “no-delay amendment” to accelerate approval within 20 days.
The potential launch date for the Canary’s XRP ETF is scheduled for November 13, 2025, coinciding with Geraci’s latest projection. Recall that Canary used the 8(a) language to bring its Litecoin and Hedera spot ETFs to market last month and is hoping to use a similar procedure for its XRP ETF. However, the launch hinges on whether the SEC would intervene and issue additional comments.
On the other hand, Franklin Templeton recently updated its S-1 filing with the SEC, setting the stage for a potential launch before the end of November. Bloomberg’s ETF analyst, James Seyffart, noted that the amendment allows for automatic activation once the firm satisfies the regulatory requirements.
Bitwise has also submitted what analysts describe as its “final amendment,” while 21Shares also amended its S-1 application to include the 8(a) language.
October has already set a record with 136 ETF launches, according to Geraci’s weekly market update. However, Roundhill CEO Dave Mazza cautioned that smaller issuers face intense competition in what he termed the “ETF Terrordome.”
The CoinRemark Team
Evans Kelvin
