XRP News Today: SEC's XRP ETF Approval Marks Altcoin Regulatory Breakthrough

The U.S. Securities and Exchange Commission has granted automatic approval to Canary Capital's XRP ETF, marking a pivotal moment for the cryptocurrency market and Ripple's ecosystem. The fund, which will trade under the ticker "XRPC" on Nasdaq, became effective on November 10, 2025, following the submission of Form 8-A, a regulatory filing that streamlines the approval process for securities, as reported by Coinpedia. This development positions the ETF to begin trading as early as Thursday, with Nasdaq certification expected by 5:30 PM ET on Wednesday, according to Yahoo Finance. The ETF's launch follows a regulatory landscape increasingly open to crypto-based exchange-traded products, building on the success of Bitcoin and Ethereum ETFs introduced in 2024, as noted by Coinotag.

The Canary XRP ETF offers investors direct exposure to XRP's spot price, a critical distinction from prior XRP investment vehicles that relied on offshore structures, according to Ambcrypto. The fund, managed by Canary Capital Group LLC, holds physical XRP tokens and uses the XRP-USD CCIXber Reference Rate Index for valuation, as reported by Yahoo Finance. It charges a 0.50% management fee, slightly higher than Bitwise's 0.34% fee for its XRP ETF, but competitive given the fund's custodial arrangements with Gemini Trust and BitGo Trust, as noted by Yahoo Finance.

U.S. Bancorp Fund Services and U.S. Bank oversee administrative and cash custody duties, ensuring regulatory compliance, as reported by Yahoo Finance.

Market reactions to the ETF's approval have been swift. XRP's price surged nearly 10% to $2.48 in the days following the filing, with trading volume increasing by 40%, according to Coinotag. Analysts attribute this momentum to growing institutional interest in altcoin exposure, as well as the broader normalization of crypto ETFs. The Rex-Osprey XRP ETF (XRPR), which launched in September, already manages over $138 million in assets, as noted by Coinotag, demonstrating strong demand for regulated XRP products. Industry experts predict similar inflows for Canary's offering, with some forecasting over $100 million in short-term capital, as reported by TradingView.

The ETF's approval also signals regulatory progress for altcoins. Unlike Bitcoin and Ethereum, XRP has faced prolonged scrutiny from the SEC, including a $125 million fine and a sales ban for institutional offerings in August 2025, as reported by BeInCrypto. The automatic approval of the XRP ETF suggests a shift in the SEC's approach, particularly as government shutdown delays have subsided, as noted by Ambcrypto. This development aligns with broader momentum in the crypto sector, where over 90 crypto ETF proposals are under review, as reported by TradingView.

Critically, the XRP ETF's structure enhances liquidity and accessibility for both retail and institutional investors. By directly holding XRP tokens, the fund eliminates counterparty risks associated with offshore custodians, as noted by Ambcrypto. This model mirrors recent successes, such as the HBAR ETF, which launched the day after its Form 8-A filing, as reported by Coinotag. Bloomberg Senior ETF Analyst Eric Balchunas noted that "all boxes are being checked" for the XRP ETF's launch, though he emphasized that final approval remains contingent on Nasdaq certification, as reported by TradingView.

With XRP trading at $2.40 as of November 11, 2025, as reported by Ambcrypto, the ETF's debut could further stabilize the token's price and expand its adoption in cross-border payments. Ripple's ecosystem, already a leader in blockchain-based transactions, now gains a regulated investment vehicle that aligns with its utility in global finance. As more firms—including 21Shares, Franklin Templeton, and ProShares—prepare XRP ETFs, as reported by Ambcrypto, the market braces for a wave of institutional capital that could redefine XRP's role in mainstream finance.