XRP News Today: SEC Approves XRP ETF, Marking Crypto's Regulatory Breakthrough

The U.S. Securities and Exchange Commission has greenlit the first spot XRP exchange-traded fund, clearing the way for the asset to debut on Nasdaq as early as November 13, 2025. The Canary XRP ETF, trading under the ticker XRPC, marks a pivotal regulatory milestone for Ripple's token, which has faced years of legal scrutiny from the agency. With institutional demand surging and projected inflows exceeding $5 billion in its first month, according to its sponsor, the product could catalyze a new phase of adoption for XRP.

The ETF, structured under the Securities Act of 1933, tracks the XRP-USD price via the CCIXber Reference Rate Index and charges a 0.5% annual management fee. Nasdaq's certification on November 12 confirmed the fund meets all listing requirements, aligning with the SEC's expected effectiveness of its registration at 5:30 PM ET that day.

This rapid approval process reflects a broader regulatory shift, as the agency has streamlined pathways for commodity-based ETFs under new generic listing rules.

Market reactions have been immediate. XRP surged 12% to $2.48 in the wake of the approval, with trading volume spiking 40% in 24 hours. Analysts attribute the optimism to growing institutional confidence, particularly after the resumption of full government operations ended a months-long regulatory hiatus. "This is the final nail in the coffin for the previous anti-crypto regulators," Bloomberg ETF analyst Eric Balchunas tweeted, noting the ETF's potential to normalize XRP in traditional portfolios.

The product's launch comes amid a crowded pipeline of XRP-related funds. Eleven XRP ETFs have appeared on the Depository Trust and Clearing Corporation (DTCC) website, signaling infrastructure readiness for trading. However, DTCC listings do not guarantee regulatory approval, as the agency still must declare each fund's registration statement effective. Canary Capital's ETF, which filed its S-1 on October 24, has already secured this status, positioning it as the first to market.

Institutional players are also moving swiftly. Custodians like Gemini Trust and BitGo have secured XRP holdings for the fund, while partners such as U.S. Bancorp handle administrative logistics. CEO Steven McClurg highlighted parallels to Bitcoin and Ethereum ETF launches, which saw over $17 billion in net inflows post-debut. If XRP follows a similar trajectory, it could bolster liquidity and stabilize the token's historically volatile price.

Technical indicators, however, paint a mixed picture. While active addresses on the XRP Ledger rose 40% to 32,000 in three days, reflecting growing network utility, derivatives data shows weak retail demand. Futures open interest has declined since October, and the OI-weighted funding rate remains bearish at 0.0024%. Glassnode data also reveals a 5.6% increase in circulating supply over 12 months, driven by Ripple's gradual release of locked tokens.

Despite these headwinds, the ETF's launch represents a symbolic victory for XRP. After a five-year legal battle with the SEC, Ripple now has a regulated vehicle to attract mainstream investors. The product's success could hinge on broader market sentiment, with experts like Digital Ascension Group's Jake Claver speculating XRP could reach $100 by year-end or $1,500 by early 2026.

As trading approaches, investors will watch for inflows and price stability. The ETF's 0.5% fee, competitive with other crypto funds, positions it to capture a slice of the $50 billion digital asset ETF market. For XRP, the path forward remains tied to regulatory clarity and institutional adoption-a journey that now has a clear starting line.