Canary Capital’s Spot XRP ETF Clears Hurdles, Eyes Nasdaq Launch This Week

• Nasdaq approval for XRPC listing confirms the ETF’s readiness, referencing the trust’s registration statement filed on October 24, 2025.

• XRP price has surged up to 10% in response to the news, with trading volume rising 40% in the last 24 hours to $2.43 per token.

• Five spot XRP ETFs, including those from Franklin Templeton and Bitwise, are now listed on the DTCC, signaling robust institutional demand and potential for further market growth.

Discover the latest on the Canary Capital spot XRP ETF launch in 2025, set for Nasdaq trading under XRPC. Explore impacts on price, volume, and investor opportunities in this breakthrough for Ripple’s ecosystem—stay informed on crypto ETF developments today.

What is the status of the first U.S. spot XRP ETF launch?

The spot XRP ETF from Canary Capital represents a landmark development in cryptocurrency investment products, allowing U.S. investors direct exposure to XRP through a regulated exchange-traded fund. The ETF has navigated all necessary regulatory approvals, including the recent filing of Form 8-A with the Securities and Exchange Commission on November 10, 2025, which is now auto-effective. Trading is anticipated to begin as soon as Thursday, November 13, 2025, on the Nasdaq exchange under the ticker symbol XRPC, as confirmed by Nasdaq’s listing approval tied to the trust’s Form S-1 registration statement submitted around October 24, 2025.

This approval process underscores the maturing regulatory landscape for digital assets in the United States. While the ETF’s structure mirrors successful spot Bitcoin and Ethereum funds, it uniquely focuses on XRP, the native token of the Ripple network known for its efficiency in cross-border payments. Investors can expect the fund to hold physical XRP reserves, providing a secure and transparent vehicle for gaining exposure without directly managing the asset.

The enthusiasm surrounding this launch is evident in market reactions. XRP’s price has climbed to $2.43, reflecting heightened trader interest amid surging volumes and open interest in futures contracts. This positive momentum is further bolstered by the potential resolution of the U.S. government shutdown, which could stabilize broader financial markets and encourage institutional participation.

How is the demand for XRP investment products evolving?

The demand for XRP-related products has accelerated significantly in 2025, driven by institutional interest and regulatory clarity. Five spot XRP ETFs have already been listed on the Depository Trust and Clearing Corporation (DTCC), including the Franklin XRP Trust (XRPZ), 21Shares XRP ETF (TOXR), Bitwise XRP ETF (XRP), Canary XRP ETF (XRPC), and CoinShares XRP ETF (XRPL). These listings indicate a competitive landscape where major financial firms are vying to capture a share of the growing XRP market, which boasts a substantial market capitalization and consistent trading volumes.

Market observers note that this surge aligns with broader trends in cryptocurrency adoption. For instance, Solana and XRP futures have become the fastest-growing products at the CME Group, highlighting increased participation from sophisticated investors. Grayscale is also advancing its spot XRP ETF by converting its existing XRP Trust, which has amassed about $14 million in assets under management since launching last September. This move could further validate XRP’s appeal, especially as issuers like WisdomTree prepare to join the DTCC listings.

Expert insights reinforce this trajectory. Nate Geraci, a prominent analyst, views the Canary Capital ETF as a significant victory for Ripple following years of regulatory challenges against anti-crypto sentiments. Steven McClurg, CEO of Canary Capital, has expressed confidence in the fund’s performance, predicting it could surpass Solana’s debut week based on observable demand metrics such as elevated market cap and trading activity. These developments suggest that XRP ETFs are poised to bridge traditional finance with blockchain technology, potentially driving sustained price appreciation and liquidity.

From a technical standpoint, the ETFs will employ robust custody solutions to safeguard XRP holdings, addressing common concerns in the crypto space. Surveillance mechanisms will ensure market integrity, with ongoing SEC oversight to prevent manipulation. As more funds enter the market, competition may lead to lower fees and innovative features, benefiting retail and institutional investors alike.

The buzz within the cryptocurrency community has been palpable, with discussions highlighting XRP’s utility in real-world applications like remittances and decentralized finance. Trading volumes have spiked 40% in the past day, underscoring trader anticipation. However, potential last-minute hurdles, such as additional comments on custody or surveillance, could delay the launch to December, though current indicators point to an imminent debut.

Frequently Asked Questions

What does the Canary Capital XRP ETF launch mean for Ripple investors?

The Canary Capital spot XRP ETF provides U.S. investors with a straightforward way to gain exposure to XRP through Nasdaq-traded shares under ticker XRPC, starting November 13, 2025. This regulated product reduces risks associated with direct crypto ownership, such as wallet security, while tracking XRP’s price performance. With five similar ETFs now on DTCC, it signals growing mainstream acceptance and could enhance liquidity for Ripple’s ecosystem.

When will the spot XRP ETF begin trading and what is its ticker?

The first U.S. spot XRP ETF from Canary Capital is expected to start trading on Thursday, November 13, 2025, on the Nasdaq exchange. Its ticker symbol is XRPC, following Nasdaq’s approval and the SEC’s auto-effective Form 8-A filing on November 10. This timeline aligns with the registration statement details from October 24, offering timely access for investors monitoring XRP’s market surge.

Key Takeaways

• Regulatory Milestone Achieved: Canary Capital’s XRP ETF has cleared all SEC hurdles with the Form 8-A filing, paving the way for Nasdaq trading under XRPC and marking the debut of a U.S. spot XRP product.
• Market Impact Observed: XRP’s price has risen to $2.43 with 40% higher trading volume, fueled by ETF anticipation and broader crypto optimism, including potential government shutdown resolution.
• Institutional Demand Rising: Five XRP ETFs on DTCC, plus Grayscale’s conversion plans, highlight surging interest; experts predict strong performance, urging investors to watch for custody updates that could affect the timeline.

Conclusion

The launch of the Canary Capital spot XRP ETF on Nasdaq under XRPC this week signifies a transformative step for XRP investment products, integrating Ripple’s token into mainstream finance amid robust demand from institutions like Franklin Templeton and Bitwise. With XRP trading at $2.43 and volumes soaring, this development could catalyze further growth in the cryptocurrency sector. As more ETFs join the market, investors are encouraged to evaluate these opportunities for diversified portfolios, staying attuned to evolving regulatory and market dynamics for long-term success.