XRP News Today: XRP ETF Approval Marks Crypto's Mainstream Breakthrough

The first U.S. spot XRP exchange-traded fund (ETF) is set to debut on November 13, 2025, following regulatory approvals from the Securities and Exchange Commission (SEC) and Nasdaq. Canary Capital's XRPC ETF, which will trade under the ticker symbol XRPC, marks a pivotal moment for XRP, positioning it as the fourth cryptocurrency after Bitcoin, Ethereum, and Solana to gain a U.S. spot ETF. The fund, which directly holds XRP and charges a 0.5% annual management fee, has already spurred a 4.1% price increase in XRP to $2.51, reflecting growing institutional and retail investor optimism.

The regulatory pathway for the ETF was expedited through the auto-effective registration process under Section 8(a) of the Securities Act of 1933. Canary Capital filed Form 8-A with the SEC, triggering a 20-day window for automatic approval unless the SEC objected. Nasdaq certified the listing on November 12, 2025, clearing the final hurdle for trading to commence. The approval coincided with a period of reduced SEC activity during a government shutdown, which likely minimized delays. Canary CEO Steven McClurg projected $5 billion in inflows within the first month, citing parallels to Bitcoin ETF performance and strong institutional demand.

Market dynamics have already shifted in anticipation of the ETF's launch. On-chain data revealed 216 million XRP withdrawn from exchanges, with whale addresses reducing holdings by 10 million tokens ahead of the debut. XRP futures open interest declined, signaling reduced speculative trading as investors pivot to regulated products. Analysts, including Bloomberg's Eric Balchunas, noted that the ETF's structure-operating under the Securities Act of 1933 rather than futures-based models-differentiates it from prior crypto ETFs, offering direct exposure to XRP's spot price.

Institutional adoption of XRP is accelerating. Evernorth Holdings' merger with Armada Acquisition Corp II aims to raise $1 billion for an XRP treasury, further signaling confidence in the asset's utility in cross-border payments. Ripple's resolution of regulatory disputes with the SEC and its partnerships with global banks have bolstered XRP's credibility. Canary's XRPC ETF, which holds 100% XRP without derivatives, contrasts with the REX-Osprey ETF, which only partially holds the token according to LiveBitcoinNews. This pure-play structure has drawn comparisons to Bitcoin and Ethereum ETFs, with McClurg predicting the XRP ETF could double Solana's first-week inflows.

Price projections vary, but bullish sentiment dominates. Zach Rector of Blockonomi forecasted XRP reaching $10–$20 by 2027, citing potential $500 billion in ETF-driven market cap growth. Others, including Kenny Nguyen and McClurg, suggested $22–$26 price targets based on institutional inflow scenarios. Short-term technical indicators also support upward momentum, with XRP breaking through $2.45 resistance and trading at 2.5 times average volume.

The XRPC ETF's launch underscores a broader trend of crypto integration into traditional finance. With XRP now accessible via regulated brokerage platforms, the asset's liquidity and institutional adoption are poised to grow. As the ETF begins trading, market participants will closely monitor inflows, price correlations, and regulatory developments to gauge its long-term impact according to LiveBitcoinNews.