XRP ETF Is ‘The Final Nail in the Coffin’ for Anti-Crypto Regulators. Here’s Why

XRP rose more than 12% as optimism grew over new ETF listings and progress in ending the U.S. government shutdown.

XRP (XRP-USD) climbed sharply on Monday after reports that the U.S. Senate reached a deal to end the nation’s longest-ever government shutdown, sparking optimism across financial markets. The token rose more than 12% to around $2.56 in 24 hours as traders interpreted the news as a bullish catalyst for risk assets, including cryptocurrencies.

Excitement in the XRP community intensified as multiple exchange-traded funds tied to the token appeared on the Depository Trust and Clearing Corporation (DTCC) website. The listings hint at mounting readiness for potential product launches in U.S. markets, though final regulatory approval is still pending.

XRP ETF Listings Fuel Speculation of a Breakthrough Moment

As of Monday, 11 XRP ETF products were listed under the DTCC’s “active and pre-launch” section. Names included 21Shares, Bitwise, Canary Capital, CoinShares (CNSRF), Volatility Shares, and Franklin Templeton (BEN). While a DTCC listing doesn’t confirm approval or a launch date, it signals the necessary infrastructure is in place for trading once greenlit.

ETF analyst Nate Geraci summed up the growing optimism on X, writing, “Government shutdown ending = spot crypto ETF floodgates opening.” He added, “In the meantime, could see first ‘33 Act spot xrp ETF launch this week.”

Analysts Link Policy Shifts to Crypto Momentum

The end of the shutdown could indicate a transformative moment for digital asset markets. Bloomberg’s Eric Balchunas also pointed to the broader market reaction, noting that “the shutdown is over” and highlighting a rise in U.S. equity futures following the announcement.

“The SEC had open litigation against Ripple for the past five years, up until three months ago. IMO, the launch of spot XRP ETFs represents the final nail in the coffin for the previous wave of anti-crypto regulators,” Balchunas wrote on Nov. 2.

Industry Is Gearing Up

Canary Capital, one of the firms listed, hinted that its XRP ETF is “coming soon,” fueling speculation that the product could debut before the end of the week. If approved, it would mark the first time XRP joins Bitcoin and Ethereum in the growing stable of U.S.-based spot crypto ETFs.

While the DTCC listings don’t yet guarantee launches, the combination of political resolution, legal clarity, and infrastructure readiness has left the market on edge. For now, traders see this week as a crucial test of whether XRP’s renewed momentum can carry it into a new phase of institutional adoption.

At the time of writing, XRP is sitting at $2.5394.