XRP News Today: XRP ETF Bridges Crypto and Mainstream Finance in Historic Nasdaq Debut

The Canary XRP ETF (XRPC) made history on November 13, 2025, as the first U.S. spot XRP exchange-traded fund to debut on Nasdaq, marking a pivotal moment for XRP's integration into traditional finance. The fund, approved by the Securities and Exchange Commission (SEC) and certified by Nasdaq on November 12, began trading under ticker XRPC with a robust first-day volume of $58 million, according to Bloomberg senior ETF analyst Eric Balchunas. This performance surpassed initial expectations and positioned the ETF as the year's strongest debut, outpacing even the $57 million first-day volume of Bitwise's Solana Staking ETF (BSOL) in October.

The XRPC ETF, managed by Canary Capital, tracks the XRP-USD CCIXber Reference Rate Index and charges a 0.5% annual management fee. Its launch followed months of regulatory scrutiny and a strategic filing by Canary under the Securities Act of 1933, distinguishing it from futures-based crypto products. Steven McClurg, Canary's CEO, projected $5 billion in inflows during the first month, citing strong institutional demand for regulated XRP exposure. This forecast aligns with historical patterns from Bitcoin and Ethereum ETF launches, which saw over $17 billion in net inflows shortly after debut.

The ETF's approval reflects broader regulatory progress for cryptocurrencies, particularly after a prolonged government shutdown that delayed filings. SEC Chairman Paul Atkins and Commissioner Hester Peirce were highlighted as key supporters of the fund's expedited review. The timing also coincided with a resumption of full federal operations, enabling smoother approvals for crypto products.

Market reactions to the launch were mixed. While the ETF attracted heavy trading volume, XRP's price dipped by 2.7% in the 24 hours following the debut, trading at $2.28. Analysts attributed this to a "sell-the-news" effect and broader market weakness, as Bitcoin and Ether also declined. However, the ETF's performance was still seen as a positive catalyst. Eric Balchunas noted that XRPC's $46 million in inflows within 2.5 hours of trading placed it on track to potentially outperform other altcoin ETFs.

Comparisons to the Solana ETF (BSOL) underscored XRP's growing institutional appeal. BSOL, which debuted in late October, saw $531 million in net assets during its first week. With XRP's $143 billion market cap and its role in cross-border payments, analysts like Balchunas argued that the XRPC ETF could attract even greater inflows. JPMorgan analysts further projected up to $8 billion in capital flows into XRP ETFs, citing the asset's utility and regulatory clarity.

The ETF's structure also addressed key investor concerns. Custody services by Gemini Trust Company and BitGo Trust Company, along with a streamlined trading mechanism on Nasdaq, reduced barriers for both retail and institutional investors. This setup mirrors the success of Bitcoin ETFs, which normalized crypto exposure through traditional brokerage platforms.

Looking ahead, the XRPC ETF's debut is expected to catalyze further innovation. Over 20 additional XRP ETF applications are pending, with Franklin Templeton, Grayscale, and Bitwise among the firms preparing launches in the coming weeks. Analysts anticipate that this wave of products could drive XRP's price higher, particularly if inflows mirror those of Bitcoin and Ethereum ETFs. However, short-term volatility remains a risk, as XRP's supply in profit hit a one-year low in early November.

The Canary XRP ETF's launch underscores a maturing crypto market, where regulated products are bridging the gap between digital assets and mainstream finance. As institutional adoption accelerates and regulatory frameworks evolve, XRP's role as a cross-border payment solution may gain further traction-provided market sentiment and liquidity stabilize in the months ahead.