XRP News Today: Regulators Approve First XRP ETF, Signaling Crypto's Mainstream Acceptance

The first U.S. spot XRP exchange-traded fund (ETF) has cleared a major regulatory hurdle, with the Canary XRP ETF receiving automatic approval from the Securities and Exchange Commission (SEC) and set to begin trading on Nasdaq this week. The ETF, which will trade under the ticker symbol XRPC, marks a pivotal moment for Ripple's XRP token and the broader cryptocurrency market, offering investors regulated exposure to the digital asset for the first time.

The SEC's approval followed the submission of Form 8-A by Canary Capital Group on November 10, 2025, which finalized the registration process under the Securities Exchange Act of 1934, according to Coinotag. The filing, signed by Canary CEO Steven McClurg, confirmed the ETF's structure as a "common share of beneficial interest" holding physical XRP assets, with custodians Gemini Trust and BitGo overseeing security. The fund charges a 0.50% management fee, slightly above Bitwise's 0.34% offering but competitive with other altcoin ETFs, as reported by Coinotag.

Market reactions have been swift and positive. XRP's price surged nearly 10% to $2.48 in the wake of the announcement, with trading volume spiking 40% within 24 hours, according to Coinotag. Analysts attribute the rally to growing institutional interest and the potential for the ETF to attract new capital. "The XRP ETF could mirror the rapid gains observed in Solana's debut week," McClurg said, noting XRP's established use cases in cross-border payments, as reported by Coinotag.

Regulatory clarity has been a key driver of the ETF's progress. Unlike previous XRP funds registered under the Investment Company Act of 1940, the Canary ETF follows the 1933 Act framework used for Bitcoin and Ethereum ETFs, aligning it with mainstream financial products, according to CryptoBasic. This shift reflects broader acceptance of cryptocurrencies as securities, bolstered by Ripple's 2023 legal victory against the SEC, as noted in a TradingView report.

The approval also signals a potential wave of altcoin ETFs. Nate Geraci, founder of the ETF Institute, called the end of the U.S. government shutdown a "floodgate" for crypto ETFs, with 21Shares, Franklin Templeton, and others in the race to launch XRP and multi-asset funds, according to CryptoBasic. 21Shares recently filed an amendment to its XRP ETF, triggering a 20-day SEC review period that could culminate in automatic approval by November 27, as reported in a TradingView report.

Technical analysts have highlighted XRP's bullish momentum, with some models projecting a rally to $6 if the ETF drives sustained demand, as reported by CoinEdition. Immediate resistance levels sit at $2.60–$2.95, while a breakout above $3.50 could target $4.40 and beyond, according to CoinEdition.

With trading expected to commence later this week, the Canary XRP ETF represents a milestone in XRP's journey toward mainstream adoption. As institutional infrastructure and regulatory frameworks solidify, the token's liquidity and price stability may improve, setting the stage for further innovation in the digital asset space, as noted in Coinpedia.