XRP News Today: Canary XRP ETF Clears Regulatory Hurdles, Signals Crypto Maturation

The Canary XRP ETF (XRPC) made history on November 13, 2025, becoming the first U.S.-listed spot XRP exchange-traded fund to debut on Nasdaq. The product, managed by Canary Capital, began trading under the ticker symbol XRPC following automatic SEC approval triggered by a Form 8-A filing on November 10. With a 0.50% management fee, the ETF tracks the XRP-USD CF Benchmarks Reference Rate Index, offering investors regulated exposure to the third-largest cryptocurrency by market capitalization.

The launch marked a pivotal moment for XRP, which has long faced regulatory hurdles. The token's $143 billion market cap and institutional-grade custody arrangements with Gemini Trust Company and BitGo Trust Company underscore its growing appeal. U.S. Bancorp Fund Services serves as transfer agent and administrator, ensuring compliance with stringent regulatory standards.

The XRP ETF's debut comes amid a surge in demand for crypto ETFs, following the successful launch of spot Solana ETFs in late October. Bitwise's Solana Staking ETF (BSOL) attracted $531 million in net assets during its first week. Analysts, including Bloomberg's Eric Balchunas, predict the XRP ETF could outperform its altcoin counterpart. Steven McClurg, CEO of Canary Capital, argued that XRP's institutional utility-particularly in cross-border payments-positions it to double Solana's early inflows. "XRP's real-world applications give it an edge over newer tokens," Balchunas noted, citing its $143 billion valuation as a sign of robust demand.

The ETF's first-day performance validated these expectations. TradingView reported $58 million in volume on launch day, while Benzinga highlighted $26 million in just 30 minutes. By contrast, Bitwise's Solana ETF generated $57 million in its first 24 hours. XRP's price rose approximately 3% following the ETF's debut, though it later retreated amid broader market volatility according to market analysis.

The ETF's approval signals a maturing landscape for digital assets. After years of litigation with the SEC, Ripple's XRP is now accessible through traditional brokerage accounts, reducing barriers for institutional and retail investors. Balchunas called the listing a "watershed moment," emphasizing that regulated products like XRPC could attract billions in assets under management.

McClurg's optimism is shared by market analysts. Nate Geraci, an ETF expert, compared the XRPC's potential to early Bitcoin and Ethereum ETFs, forecasting similar growth trajectories. Meanwhile, Paul Barron, a crypto advocate, criticized BlackRock for not securing an XRP ETF first, noting the firm's dominance in Bitcoin and Ethereum products. "The battle is on now for XRP," Barron tweeted, highlighting Canary Capital's first-mover advantage.

The XRP ETF's success could catalyze further innovation in crypto investment products. With 11 XRP ETFs now listed on the DTCC, the market is primed for expanded institutional participation. As XRPC settles into trading, investors will closely watch volume trends and price stability, indicators of broader adoption in traditional finance.

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