XRP News Today: XRP ETF's Launch Marks Major Institutional Adoption Milestone After Years of Regulatory Scrutiny

The first U.S. spot XRP exchange-traded fund (ETF) is set to debut as early as Thursday, November 13, 2025, after Canary Capital Group LLC filed a Form 8-A with the Securities and Exchange Commission (SEC), completing the final regulatory step for listing. The ETF, trading under the ticker XRPC on Nasdaq, will hold actual XRP tokens in trust, marking a significant milestone for institutional adoption of the cryptocurrency, as Cryptotimes reports.

Canary's filing, submitted on November 10, enables the ETF to track the CoinDesk XRP CCIX New York Rate, a time-weighted index reflecting major exchange prices, as Cryptotimes reports. The fund is structured as a grantor trust, with U.S. Bank serving as cash custodian and Gemini Trust and BitGo Trust safeguarding the digital assets, as Cryptotimes reports. Shares will be issued in 10,000-share baskets, allowing authorized participants to exchange XRP or cash directly with the trust, as Cryptotimes reports.

Bloomberg ETF analyst Eric Balchunas noted that the filing "checks the last box" for launch, with trading potentially beginning as soon as Thursday, pending Nasdaq certification, as Cryptotimes reports.

Former Fox Business journalist Eleanor Terret confirmed the timeline, stating the SEC's final approval is expected by 5:30 PM ET Wednesday, as Coinpedia reports. If cleared, the ETF will join the REXShares XRPR ETF, launched in September, as one of the few U.S. products tied to XRP, as Cryptotimes reports.

The move reflects broader momentum in XRP-related investment vehicles. Five spot XRP ETFs-offered by Franklin Templeton, Bitwise, 21Shares, Canary, and CoinShares-were recently listed on the Depository Trust and Clearing Corporation (DTCC), signaling a potential U.S. launch within weeks, as Yahoo Finance reports. Franklin Templeton's XRPZ ETF, which holds XRP in Coinbase Trust custody and charges a 0.19% fee, is also nearing approval after filing its third amendment, as Cryptotimes reports.

Market reactions to the ETF news have been mixed. While XRP's price remains near $2.40, some analysts warn of a "sell the news" scenario, citing stagnant price action and declining open interest, as U.Today reports. However, others highlight growing institutional demand, with trading volume surging 64.86% in the past 24 hours and a descending wedge pattern on the weekly chart suggesting potential for a breakout toward $3.45, as Yahoo Finance reports.

The XRPC ETF's launch follows a regulatory evolution for XRP. After a 2023 court ruling clarified that XRP is not a security when traded on exchanges, major firms-including Grayscale and WisdomTree-have accelerated filings for XRP ETFs, as Cryptotimes reports. Canary's product is the first to offer pure spot exposure under the Securities Act of 1933, distinguishing it from hybrid structures like the XRPR ETF, as Coinpedia reports.

With Nasdaq's approval and final SEC clearance imminent, the XRPC ETF is poised to expand institutional access to XRP, a token long entangled in regulatory debates. If trading begins as expected, the ETF could catalyze further price movements, particularly as XRP's market capitalization nears the fourth-largest cryptocurrency rank, as Sherwood News reports.

---