XRP News Today: XRP ETF's Launch Marks Mainstream Crypto Adoption Milestone

Canary Capital's XRP ETF (XRPC) has cleared final regulatory hurdles and is set to debut on Nasdaq as the first pure-play spot XRP exchange-traded fund in the U.S., marking a significant milestone for crypto adoption in traditional markets. The fund, which received automatic SEC approval via an 8-A filing, will trade under the ticker XRPC and began certification on November 12, with trading expected to commence at market open on November 13. The ETF, which holds 100% XRP directly, is structured under the Securities Act of 1933, distinguishing it from other crypto funds according to reports.

The XRPC ETF's launch follows a wave of regulatory progress, with five XRP ETFs-including offerings from Franklin Templeton, Bitwise, and CoinShares-listed on the Depository Trust & Clearing Corporation (DTCC), signaling a potential U.S. rollout this month according to analysis. Canary CEO Steven McClurg highlighted the fund's expedited approval through a "no-delay amendment," which cut the regulatory timeline to 20 days. The ETF charges a 0.50% management fee and tracks the XRP-USD CCIXber Reference Rate Index, offering investors transparent, regulated exposure to XRP's spot price.

Market participants anticipate the XRPC ETF will attract substantial institutional interest, with McClurg projecting up to $5 billion in inflows during its first month. Analysts compare its potential impact to early Bitcoin and Ethereum ETFs, noting that XRP's unique positioning as a cross-border payment solution could drive adoption. The launch also coincides with broader crypto market optimism, as XRP surged 10% ahead of certification and trading volume increased by 40% in 24 hours.

Nasdaq's approval underscores growing institutional acceptance of crypto products, with the exchange certifying the XRPC ETF as a compliant, transparent vehicle for XRP exposure. Bloomberg analyst Eric Balchunas emphasized the significance of the launch, stating it would broaden access for traditional investors and set a precedent for future crypto ETFs. Meanwhile, Ripple CEO Brad Garlinghouse highlighted the company's broader strategy to integrate blockchain into traditional finance, citing partnerships with major banks and the XRP Ledger's institutional utility according to reports.

Despite optimism, risks remain. Digital-asset volatility and potential regulatory delays-such as last-minute comments on custody or surveillance- could impact short-term price action. However, with five XRP ETFs already in DTCC systems and WisdomTree poised to join, the ecosystem is primed for rapid growth. As the XRPC ETF prepares for trading, market observers will closely monitor its performance against benchmarks like Solana's recent ETF debut according to reports, while Ripple's expanded financial services push aims to cement XRP's role in global payments according to analysis.