Markets are reacting as the US government shutdown nears its conclusion, and XRP has emerged as a clear winner. Crypto traders are eyeing the potential debut of several XRP exchange-traded funds (ETFs), with multiple products already appearing on the DTCC website, signaling that the US infrastructure may be ready for trading.
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Senate Deal Sends Bullish Signal to Markets
The US Senate reportedly reached a deal on a budget bill over the weekend, ending the longest government shutdown in history. The resolution has sparked optimism across financial markets, including crypto. XRP has responded strongly, surging around 10% in the past 24 hours to trade at $2.56, according to CoinMarketCap.
Investors see the Senate deal as a broader signal that regulatory clarity could support upcoming crypto products. The U.S. Senate took a major step toward ending the government shutdown, with bipartisan support moving a funding bill closer to passage.
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The measure, backed by eight Democrats and the White House, could reopen federal agencies while tying a future vote to extended Affordable Care subsidies. Lawmakers now face a race against time as impacts on air travel and food assistance continue to mount.
Deal Reached in the Senate
Senate leaders moved quickly after last night’s vote, signaling momentum toward a funding agreement. The measure passed with bipartisan support, with eight Democrats joining Republicans to advance the bill. The White House has expressed support, contingent on a later vote on expanding health subsidies, CNN reported.
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Senators must now decide how long to debate the bill before the final vote. While the process could be swift, some lawmakers may seek to extend deliberations. Once the Senate vote is complete, the House of Representatives must approve the measure before it reaches the president’s desk.
XRP ETFs Appear on DTCC
Also boosting XRP’s momentum, the Depository Trust and Clearing Corporation (DTCC) currently lists 11 XRP ETF products under its “active and pre-launch” section. These include offerings from firms such as 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.
While a DTCC listing does not confirm an actual launch or guarantee regulatory approval, it indicates that the necessary infrastructure for US trading is in place. Notably, Grayscale’s XRP Trust (GXRP) and WisdomTree’s XRP fund have yet to appear on the DTCC list.
With key US regulatory hurdles behind them, XRP investors now watch closely for official ETF launches, which could arrive as early as this week. If approvals follow, the token may see sustained interest from both retail and institutional participants.
