XRP ETFs Tracker: The Complete List of Issuers and Products

Key Takeaways

October woul have been critical. Six XRP spot ETF deadlines fell between Oct. 18-24, but the U.S. shutdown delayed approvals.
Rex-Osprey’s XRPR is already live in the US, proving that spot XRP ETFs can list under the SEC’s newer rules.
Canada’s Purpose XRP ETF shows that international regulators are moving faster than the US on spot XRP crypto products.
The billion-dollar AUM figures attached to these filings reflect issuer scale, not guaranteed launch assets.

As 2025 comes to a close, the U.S. crypto markets are poised for a slew of decisions from the Securities and Exchange Commission (SEC) regarding XRP exchange-traded funds (ETFs). With both spot and futures-based proposals in play, the rest of this year could lead to significant developments for XRP’s future.

On Nov. 10, five more XRP spot ETFs have been listed on on the Depository Trust and Clearing Corporation (DTCC), adding to the other four funds already listed. This is usually a sign of imminent approval, also given that the U.S. shutdown is close to its end.

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DTCC Adds Five New XRP Spot ETFs

Five spot XRP ETFs from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares have appeared on the DTCC, fueling expectations of a potential U.S. launch later this month.

The listed funds include Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL).

At Ripple Swell 2025, Canary Capital CEO Steven McClurg said the firm aims to launch its XRPC fund next week, using a no-delay amendment that could make it effective within 20 days. WisdomTree’s XRP ETF may also appear on the DTCC soon.

Meanwhile, Grayscale is seeking to convert its XRP Trust—now holding about $14 million AUM—into a spot ETF.

Earlier this year, leveraged XRP products like Teucrium’s 2x Long Daily XRP ETF (XXRP) and ProShares Ultra XRP ETF (UXRP) launched, with XXRP attracting $306 million in assets.

Spot XRP ETFs (By Expected Decision Date)

1. October 18 – Grayscale XRP ETF ($40 billion)

Grayscale wants to replicate its multi-asset ETF success with an XRP-specific one. The firm had $40 billion in assets under management (AUM) at the time of the proposal, which will convert the Grayscale XRP trust into an ETF. The deadline for the SEC’s call is October 18th. It’s first in line for this year’s proposal deadlines, meaning that if it’s denied, that sets a bad precedent for the rest.

2. October 19 – 21Shares Core XRP Trust ETF ($7 billion)

Hot on Grayscale’s heels at $7 billion AUM, 21Shares may not have Grayscale’s clout, but its back-to-back deadline forces the SEC to make a decision the day after Grayscale. Two denials in two days could be destructive for XRP’s potential, but two approvals in a row could skyrocket the asset’s price.

3. October 20 – Bitwise XRP ETF ($5 billion)

Since 2017, Bitwise has been one of the more aggressive players in the crypto ETF space, so its XRP attempt should come as no surprise. With $5 billion AUM and millions in daily Bitcoin ETF inflows, the entity is hoping it can do the same with XRP.

4. October 23 – Canary Capital & CoinShares XRP ETF ($200 million, $5 billion)

A double-header date, Canary’s smaller filing paired with CoinShares‘ larger proposal could make for a monumental day in ETF history. If the SEC is seeking a “test” approval, Canary’s smaller holdings make for a good starting point.

5. October 25 – WisdomTree XRP ETF ($113 billion)

Surely October’s monster case, WisdomTree’s filling is larger than many of its competitors combined. If the SEC approves this one, it’s a signal that XRP ETFs are fully open for business. A denial, however, would suggest that size doesn’t guarantee approval. Caution does.

6. November 14 – Franklin Templeton ($1.5 trillion)

Franklin Templeton’s proposal is in its own league, with $1.5 trillion AUM. Its deadline was already pushed back to November 14, buying the SEC some extra time. This one is the heavyweight showdown. A potential kingmaker for XRP as a mainstream ETF asset.

7. No date – Hashdex XRP ETF ($1 billion)

No date for this one yet, but the company is pushing multiple XRP-linked filings. That said, the firm recently received approval to offer XRP in its Crypto Index ETF, similar to Grayscale’s multi-asset ETF.

Rex Osprey’s XRP ETF ($31 million)

As of Oct. 29, 2025, Rex-Osprey marks the only approved and trading XRP spot ETF. This initial approval stems from a combination of spot exposure and derivatives, enabling the entity to secure approval well before its competitors.

Other ETFs can’t be approved as under a government shutdown, the SEC can’t take any relevant decision, like ETFs approval.

XRP Futures ETFs Already Trade Billions, While Spot Funds Await Approval

While spot proposals crowd the October calendar, several futures ETFs are already trading in US markets:

ProShares XRP ETFs ($70 billion): ProShares dominates the futures ETF space, offering its UXRP product that targets daily XRP returns of 2x. The company already carved out a huge market share with its Bitcoin futures ETFs, and is trying to replicate that success with XRP.
Volatility Shares XRP ETFs ($5 billion): Known for its leveraged products, Volatility Shares XRPI product provides 1:1 exposure to XRP’s price movements.
Teucrium 2x Long Daily XRP ETF ($320 million): A smaller player in the market, Teucrium’s leveraged long product proves there’s appetite for more than just vanilla exposure to XRP.
Purpose XRP ETF ($20 billion): While it’s based in Canada, Purpose Investments was the first firm to launch a Bitcoin spot ETF back in 2021. Its XRP ETF offers exposure to XRP with no management fees until February 2026, and shows that countries outside the US recognize the value in XRP ETFs.

Futures ETFs are useful for traders, but they do come with tracking errors and roll costs.

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What the XRP ETF AUM Numbers Really Mean

Keep in mind that the AUM numbers attached to each filing are not the amount that these ETFs will launch with. Instead, AUM reflects the issuer’s total assets under management across all products at the time of proposal submission.

For example, Franklin Templeton’s $1.5 trillion AUM is its global asset base, not its capital committed to XRP.

This distinction matters. If approved, each XRP spot ETF will start at zero inflows, building additional AUM from investor demand.

How to Invest in Spot XRP ETFs (Once Approved)

Investing in a spot XRP ETF will become straightforward once the SEC grants approvals:

These products will trade on major U.S. exchanges just like stocks or existing Bitcoin ETFs. Investors will be able to purchase shares through traditional brokerage accounts, retirement platforms, or online trading apps.
Each share will represent exposure to XRP’s market price, without the need to hold or manage crypto directly.
At launch, these ETFs will start with zero inflows, and assets will build only if investor demand follows.
For those already familiar with Bitcoin or Ethereum ETFs, the process is nearly identical, spot XRP ETFs simply extend the same regulated structure to XRP as an underlying digital asset.

Risks of Investing in XRP ETFs

Spot XRP ETFs carry risks that investors must weigh carefully.

Like any crypto asset, XRP is highly volatile, meaning ETF share prices can swing sharply in short periods.
Regulatory uncertainty is another key factor, the SEC has not approved any XRP ETF yet, and even after approval, policy shifts could impact fund operations.
Liquidity may also be uneven in the early days, as investor inflows determine how smoothly the ETFs trade.
Futures-based XRP products already face roll costs and tracking errors, and while spot ETFs reduce those issues, they don’t eliminate volatility risk.

In short, XRP ETFs may offer regulated exposure, but investors should only allocate capital they can afford to risk in this emerging market.

XRP ETFs Near Decision: Approval or Setback?

The SEC can no longer drag its feet on XRP ETFs. Six deadlines fell within a single week in October, with Franklin Templeton’s massive approval looming in November. However, the U.S. shutdown delayed these deadlines as the SEC is unable to get relevant decisions during shutdowns. Now that it’s close to its end, there are two broad outcomes:

Group approval: If approvals come in clusters, XRP could see billions in inflows similar to Bitcoin ETF approvals earlier in 2025. Analysts project $5-7 billion in first-year flows if multiple products go live.
If denials pile up: XRP sentiment could collapse, setting adoption back another year and keeping XRP in the “futures-only” bucket for US investors.

The next weeks are the clearest runway XRP has ever had toward full U.S. ETF legitimacy. The REX-Osprey XRPR listing shows that it’s possible to list a US spot XRP product under the SEC’s newer rules and structures, even as the more heavyweight candidates await their approval.

FAQs

What makes spot ETFs more important than futures ETFs?

Spot ETFs hold the underlying asset, providing cleaner exposure without tracking errors or roll costs that plague futures products.

Could XRP ETFs boost Ripple’s legal standing in the US?

Not directly, but SEC approvals would implicitly strengthen XRP’s legitimacy as a commodity-like asset in regulated markets.

How do these approvals impact retail investors compared to institutions?

Institutions get compliant, custody-free access, while retail investors gain a regulated way to buy XRP in their brokerage accounts without dealing with wallets.

What happens if the SEC delays decisions again?

The SEC can extend deadlines, but under the new generic listing standards, the SEC has less room to stall. Prolonged delays would frustrate issuers and push more capital to other countries.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.

Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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