XRP News Today: XRP ETF Paves Regulated Path for Crypto Mainstreaming

Canary Capital's Spot XRP ETF, set to debut on Nasdaq as "XRPC," has cleared its final regulatory hurdles, marking a pivotal moment for Ripple's token and the broader crypto industry. The fund, approved automatically by the SEC following a Form 8-A filing on November 10, 2025, is poised to begin trading as early as November 13, pending final certification, according to a BeInCrypto report. This development accelerates XRP's integration into mainstream finance, joining a wave of altcoin ETFs that have gained traction post-government shutdown, as noted in a Coinotag analysis.

The ETF, managed by Canary Capital, charges a 0.50% management fee—higher than Bitwise's 0.34%—and directly tracks the XRP-USD CCIXber Reference Rate Index, a detail covered in an Ambcrypto article. Its structure includes key partners such as U.S. Bancorp Fund Services (administrator), U.S. Bank (cash custodian), and custodians Gemini Trust and BitGo Trust, according to the same Ambcrypto article. Unlike prior XRP products that relied on offshore entities, this fund offers direct exposure to XRP tokens under U.S. securities law, reducing counterparty risks and enhancing transparency, as noted in a Coinotag analysis.

Market reactions have been mixed. XRP surged 10% in the week leading up to the approval, reaching $2.48 before retreating slightly, according to a BeInCrypto report. Analysts attribute the price movement to growing institutional interest, with the ETF expected to drive liquidity and attract billions in capital. "This is a hard-won regulatory victory for Ripple," said ETF analyst Nate Geraci, noting parallels to Bitcoin and Ethereum ETFs that saw $1 billion in initial trading volumes, as reported in a Coinotag analysis. Meanwhile, on-chain data reveals 216 million XRP withdrawn from exchanges, with whales trimming positions by 10 million tokens ahead of the launch, as noted in a BeInCrypto report.

The XRP ETF's approval is part of a broader industry shift. Over nine XRP-linked funds, including Teucrium's 2x Long Daily XRP ETF and ProShares Ultra XRP ETF, have seen steady inflows, according to the Ambcrypto article. Competitors like 21Shares and Franklin Templeton are also preparing spot XRP ETFs, with 21Shares targeting a November 27 launch if unchallenged by the SEC, as reported in a LiveBitcoinNews report. This surge reflects institutional confidence in XRP's utility, particularly in cross-border payments, and aligns with post-shutdown regulatory momentum, as noted in a Coinotag analysis.

However, challenges remain. The SEC's recent $125 million fine against Ripple for unregistered securities sales in 2025 casts a shadow over long-term adoption, as reported in a LiveBitcoinNews report. Despite this, the ETF's launch signals a turning point, offering a regulated vehicle for investors to bypass custody and compliance complexities, as noted in a Coinotag analysis. Steven McClurg, CEO of Canary Capital, anticipates the XRP ETF could outperform Solana's debut, buoyed by resolving U.S. government shutdown concerns, as reported in a Coinotag analysis.

With XRP trading near $2.45 and the RSI stabilizing at 42.4, the market appears poised for volatility, as noted in a Coinotag analysis. Experts project short-term price targets of $2.70–$3.00 if the ETF drives sustained inflows, as noted in a Coinotag analysis. As the crypto sector braces for a potential influx of institutional capital, the XRP ETF's success could set a precedent for altcoin adoption, reshaping the landscape for digital assets in traditional finance, as noted in a Coinotag analysis.