Following the Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs, XRP ETFs are also coming as the US Government shutdown ends.
At this point, the Canary Capital spot XRP ETF is expected to begin trading on Nasdaq on November 13.
In fact, it was reported that five spot XRP ETFs have completed their registration with the Depository Trust & Clearing Corporation (DTCC) as part of the ETF launch process. These include Franklin Templeton (Franklin XRP Trust (XRPZ), 21Shares (XRP ETF (TOXR), Bitwise (XRP ETF (XRP), Canary Capital (XRP ETF (XRPC), and CoinShares (XRP ETF (XRPL).
While the XRP ETF is the most anticipated altcoin ETF in the market, preparations for another altcoin ETF have also begun.
Chainlink (LINK) ETF Listed on DTCC!
Accordingly, Bitwise's spot Chainlink ETF was listed on the DTCC website with the ticker symbol CLNK.
Bitwise spot Chainlink (LINK) ETF has been listed on the website of the US Depository and Clearing Corporation (DTCC) under the ticker symbol CLNK.
While listing on the DTCC doesn't necessarily mean the ETFs have been approved, it's a necessary step before they launch and is considered a positive signal. DTCC listings are generally seen as one of the biggest signals of an ETF's arrival.
Although Bitwise Chainlink ETF is listed on the DTCC, Bitwise has reportedly not yet filed Form 8-A for its LINK ETF with US authorities.
The 8-A form is one of the documents a fund manager must submit to US authorities before listing an ETF on an exchange. Experts have noted that the submission of an 8-A form generally indicates an imminent ETF launch.
*This is not investment advice.
