XRP News Today: XRP ETF Bridges Traditional Finance and Blockchain Innovation

Canary Capital's XRPC ETF, the first U.S. spot exchange-traded fund (ETF) tied to Ripple's XRP token, began trading on November 13, 2025, after clearing final regulatory hurdles with the Securities and Exchange Commission (SEC) and Nasdaq. The fund, structured as a grantor trust holding actual XRP tokens, aims to provide investors with direct exposure to the cryptocurrency's price movements, mirroring its market value minus fees. This development follows a wave of crypto ETF approvals, including Bitcoin and Ethereum products, and signals growing institutional confidence in digital assets according to market analysis.

The ETF's launch was preceded by a Form 8-A filing with the SEC on November 10, which triggered automatic approval and set the stage for Nasdaq listing under the ticker XRPC. Bloomberg ETF analyst Eric Balchunas noted the filing "checks the last box" for launch, with trading likely to commence within days according to the filing. Former Fox Business journalist Eleanor Terret confirmed the timeline, stating the ETF would go effective at 5:30 PM ET on November 11, with trading set to begin on November 13.

Canary's XRPC ETF holds real XRP tokens in a grantor trust, with custody managed by Gemini Trust and BitGo Trust. The fund's net asset value is calculated using the CoinDesk XRP CCIX New York Rate, a time-weighted index aggregating prices from major exchanges. Shares are issued and redeemed in baskets of 10,000 units, allowing authorized participants to exchange XRP or cash directly with the trust. This structure differentiates it from futures-based products, offering purer exposure to XRP's real-time performance. U.S. Bank serves as cash custodian and administrator according to official filings.

The ETF's debut was met with robust demand. On its first day of trading, XRPC recorded $59 million in trading volume-the highest among 900 ETFs launched in 2025-and $245 million in net inflows, surpassing inflows from Bitcoin and Solana ETFs. Despite this success, XRP's price fell 8% in the 24 hours following the launch, trading around $2.30. Analysts attributed the decline to broader market volatility and cautious investor sentiment.

Canary's XRPC joins a growing list of XRP ETFs, including offerings from Franklin Templeton, Bitwise, and CoinShares, which have been approved for listing on the Depository Trust and Clearing Corporation (DTCC). WisdomTree and Grayscale are also in the process of submitting or converting their XRP products into ETFs. The launch follows successful altcoin ETF debuts for Solana, Litecoin, and Hedera, which collectively signaled increased regulatory comfort with digital assets.

The XRP ETF's approval comes amid shifting regulatory dynamics for cryptocurrencies. The SEC's 2023 court ruling favoring Ripple cleared a major legal hurdle, enabling institutional adoption of XRP-based products. The ETF's structure, emphasizing on-chain holdings and transparency, aligns with SEC guidelines established for Bitcoin and Ethereum ETFs.

Ripple's XRP has seen renewed interest due to its utility in cross-border payments, with over 300 banks and financial institutions using RippleNet for settlement. The token's daily transaction volume exceeds $2 billion, according to blockchain analytics firm Messari. Analysts at JPMorgan estimate the XRP ETF could attract $500 million to $1 billion in institutional capital within its first year, enhancing liquidity and price stability.

Canary Capital's XRPC ETF represents a pivotal moment for XRP and the broader crypto market, bridging traditional finance and blockchain innovation. With strong institutional backing, secure custody solutions, and regulatory clarity, the product is poised to expand XRP's adoption and solidify its role in global payments. Investors will closely monitor its performance against emerging competitors and macroeconomic trends in the coming months.

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