Today, the price of the fourth-largest cryptocurrency, XRP, rose 12%, surpassing $2.55.
This rise was driven by the Depository Trust & Clearing Corporation rejecting several applications for XRP-based spot exchange-traded funds.
ETF Institute co-founder and ETF Store president Nate Geraci believes that "the end of the [US] government shutdown is tantamount to opening the floodgates for spot crypto ETFs. The first XRP spot ETF [under the Securities Act of 1933] could launch this week."
Meanwhile, the American infrastructure company Depository Trust & Clearing Corporation, considered a cog in the financial markets, updated its website.
It listed new XRP-based spot ETF products submitted by investment firms Canary Capital, Bitwise, Franklin Templeton, and 21Shares.
Importantly, these products are described as being in the "pre-launch" stage and "currently" inactive.
XRP is currently trading 31% below its all-time high of $3.65, reached in July.
Unlike most other cryptocurrencies in the top 10, XRP's weekly performance is up 6.5%.