XRP News Today: XRP ETFs Bridge Traditional Finance and Crypto in Historic Shift

The long-anticipated floodgates for XRP-based exchange-traded funds (ETFs) are set to open this week, with the first U.S. spot XRP ETF launching on Nasdaq under the ticker XRPC. The Canary Capital XRP ETF, confirmed for trading on November 13, 2025, marks a historic milestone as the first such product to offer direct exposure to the fourth-largest cryptocurrency by market capitalization. This development comes amid a surge of regulatory clarity and institutional interest, with multiple XRP ETFs from major financial firms poised to debut in the coming weeks.

The Canary XRPC ETF, structured as a grantor trust holding actual XRP tokens, will track the XRP-USD CCIXber Reference Rate Index and charge a 0.50% management fee. Key partners include U.S. Bancorp Fund Services as administrator, U.S. Bank as cash custodian, and Gemini Trust and BitGo Trust for digital asset custody. Bloomberg senior ETF analyst Eric Balchunas noted the filing "checks the last box" for launch, with trading likely to commence by November 13.

The ETF's potential impact is already evident in XRP's market dynamics.

Trading volume surged 40% in the 24 hours preceding the announcement, while the token briefly rallied 10% on speculation of institutional demand. Analysts draw comparisons to the successful Solana ETF launch in October, where Bitwise's product attracted $531 million in net assets during its first week. With XRP's $143 billion market cap underscoring strong demand, some experts predict the XRP ETF could double Solana's initial gains.

Canary's product is one of five XRP ETFs now listed on the Depository Trust and Clearing Corporation (DTCC), including offerings from Franklin Templeton, 21Shares, Bitwise, and CoinShares. These funds are expected to begin trading between November 13 and November 25, with Grayscale and WisdomTree also planning launches. The influx of products signals a broader shift in traditional finance's embrace of crypto, particularly as Ripple CEO Brad Garlinghouse emphasizes XRP's role in bridging blockchain and institutional markets.

Regulatory hurdles, however, remain. While the SEC's automatic approval of Canary's Form 8-A filing streamlined the process, last-minute scrutiny on custody or surveillance could delay the launch. The approval follows years of legal battles for Ripple, which Garlinghouse called a "big win" after navigating "anti-crypto regulators".

Investor sentiment is mixed. Some analysts caution that ETF-driven demand could push XRP toward $10–$20 by year-end, while others note the token's 29% decline from its peak and volatility risks. "The regulatory environment is evolving favorably," one expert observed, "but the ETF's success will depend on sustained institutional participation".

With XRP trading at $2.46 as of November 11, the market awaits whether the ETF will catalyze a broader rally or face the same outflows seen in Bitcoin and Ethereum ETFs during recent market turbulence. For now, the XRP ETF race is reshaping crypto's landscape, offering a glimpse into a future where digital assets increasingly intersect with traditional finance.