BREAKING: ProShares XRP ETF Hits DTCC Listings—Institutional On-Ramp Goes Live

Wall Street's backdoor into crypto just got wider. The ProShares XRP ETF—now officially listed on DTCC—signals another institutional stamp of approval for digital assets. Who said regulators hate innovation?

Why this matters: ETF listings on DTCC’s platform mean smoother settlements for big-money players. Translation: hedge funds and pension managers can now ape into XRP without touching a ‘risky’ exchange. The irony? They’ll pay 2% fees for what retail does at zero cost.

The big picture: This follows Bitcoin and Ethereum ETF approvals, but XRP’s legal clarity gave it a shortcut. SEC’s loss is Wall Street’s gain—again. Watch for inflows as the ‘smart money’ front-runs the inevitable FOMO.

Bottom line: Another brick in crypto’s legitimacy wall—or just bankers extracting rent from decentralization? Either way, the game’s changing. Tick-tock, Boomers.

Being listed on the DTCC doesn’t mean the ETF is already trading on the stock market. However, it shows that the fund is ready from a technical and operational point of view. ProShares is aiming to launch this ETF along with two others, the Short XRP ETF and UltraShort XRP ETF, on July 14. The date could change depending on approvals and other factors.

The company filed the ETF using a method that doesn’t require new approval from the SEC unless there are objections before the launch date. Even if the ETF becomes official on July 14, it might not start trading right away. That depends on whether the exchange and other systems are ready.

ProShares is also set to issue a number of Solana-based futures ETFs, such as Ultra Solana ETF, UltraShort Solana ETF, and Short Solana ETF. Currently, only the Ultra Solana ETF is available on the DTCC.

Once these XRP and Solana ETFs start trading, ProShares will become a major player in the U.S. crypto futures ETF market. They will join other companies like Teucrium Investment Advisors and Volatility Shares, which also offer crypto futures ETFs.

Also Read: VanEck’s Solana ETF Gets DTCC Listing, SEC Approval Next?