{"id":513901,"date":"2025-11-13T09:24:16","date_gmt":"2025-11-13T09:24:16","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1228463"},"modified":"2025-11-13T09:24:16","modified_gmt":"2025-11-13T09:24:16","slug":"first-ever-u-s-spot-xrp-etf-launches-november-13-what-to-expect-from-xrpc-on-nasdaq","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/13\/first-ever-u-s-spot-xrp-etf-launches-november-13-what-to-expect-from-xrpc-on-nasdaq\/","title":{"rendered":"First-Ever U.S. Spot XRP ETF Launches November 13 \u2014 What to Expect from XRPC on Nasdaq"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/XRP-ETF.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><b>Nasdaq approved Canary Capital\u2019s spot XRP ETF, and trading begins under the ticker XRPC.<\/b><\/li>\n<li><b>The ETF tracks the XRP-USD index and gives investors regulated exposure to XRP.<\/b><\/li>\n<\/ul>\n<hr>\n<p><span>Nasdaq has formally certified the Canary Capital XRP ETF for trading, opening the door for the first single-token spot XRP fund to launch on a major U.S. exchange.<\/span><\/p>\n<p><span>The approval finalises the regulatory pathway for the product, which begins trading under the ticker XRPC today.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8NEW: As of 5:30 PM ET, <a href=\"https:\/\/twitter.com\/CanaryFunds?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@CanaryFunds<\/a>\u2019 <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$XRP<\/a> ETF is officially effective after <a href=\"https:\/\/twitter.com\/Nasdaq?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Nasdaq<\/a> certified the listing, clearing <a href=\"https:\/\/twitter.com\/search?q=%24XRPC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$XRPC<\/a> for launch tomorrow at market open. <a href=\"https:\/\/t.co\/h3hxVMDhWP\">pic.twitter.com\/h3hxVMDhWP<\/a><\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1988737939787116880?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><span>Canary Capital\u2019s fund tracks the XRP-USD CCIXber Reference Rate Index, allowing investors to access <a href=\"https:\/\/www.crypto-news-flash.com\/xrp-eyes-50-as-macro-structure-holds\/\" target=\"_blank\" rel=\"noopener\">XRP price<\/a> movements without holding the digital asset. The structure aligns with broader efforts to expand institutional pathways into crypto, especially as more asset managers build products tied to individual altcoins.<\/span><\/p>\n<p>Eleanor Terrett, former FOX News correspondent, noted, <em>\u201cAs of 5:30 PM ET, Canary Funds\u2019 $XRP ETF is officially effective after Nasdaq certified the listing, clearing XRPC for launch on Thursday at market open.\u201d<\/em><\/p>\n<p><span>The certification followed a formal notice addressed to Eun Ah Choi, Nasdaq\u2019s Global Head of Regulatory Operations. The letter, dated Nov. 10, 2025, confirmed that Nasdaq reviewed Canary\u2019s Form S-1 filed on Oct. 15 and approved the ETF\u2019s registration under Form 8-A. Choi signed the document on behalf of the exchange\u2019s Listing Centre in Washington, D.C., confirming the ETF\u2019s eligibility upon receipt of effective registration status.<\/span><\/p>\n<p><span>Trading begins immediately after certification, allowing brokerages across the country to offer the ETF like any other equity product. Investors gain the ability to buy, sell, or hold exposure to XRP through traditional accounts, a shift that may broaden market participation. Moreover, the ETF operates under the Securities Act of 1933, which enables direct XRP custody inside the fund.<\/span><\/p>\n<h3><strong>Canary Capital Emerges as a Lead Issuer<\/strong><\/h3>\n<p><span>Canary\u2019s approval follows the firm\u2019s final Form 8-A submission to the SEC earlier in the week, clearing the last regulatory step before Nasdaq certification. CEO Steven McClurg welcomed the launch and acknowledged support from SEC leadership, citing efforts by Chair Paul Atkins and Commissioner Hester Peirce in advancing open financial markets.<\/span><\/p>\n<p><span>Asset managers such as <a href=\"https:\/\/www.crypto-news-flash.com\/franklin-templeton-eyes-xrp-etf-launch\/\" target=\"_blank\" rel=\"noopener\">Franklin Templeton<\/a>, Bitwise, and 21Shares are also progressing with their own filings, creating competition among issuers seeking early inflows. The broader trend reflects a shift toward regulated altcoin investment vehicles across U.S. markets.<\/span><\/p>\n<h3><strong>Altcoin ETF Expansion Accelerates<\/strong><\/h3>\n<p><span>The XRPC debut follows a wave of altcoin ETFs that recently entered the market. New products covering Solana, Litecoin, and Hedera attracted significant inflows, reinforcing appetite for regulated crypto instruments. Bitwise\u2019s Solana ETF, for example, recorded $56 million in first-day volume and climbed to $72 million on day two.<\/span><\/p>\n<p><span>XRP-related funds showed similar appetite even before today\u2019s spot-based launch. REX-Osprey\u2019s XRP futures ETF generated $24 million of volume within its first 90 minutes when it debuted in September, later surpassing $100 million in assets under management.&nbsp;<\/span><\/p>\n<p><span>XRP ETFs now occupy an increasingly visible position in the U.S. market. Eleven XRP-related ETFs appear on the DTCC eligibility list, including products by Bitwise, Franklin Templeton, CoinShares, and 21Shares. The SEC\u2019s July 2025 guidance on <a href=\"https:\/\/www.crypto-news-flash.com\/blackrock-launches-ishares-bitcoin-etp-on-london-stock-exchange-for-uk-retail-investors\/\" target=\"_blank\" rel=\"nofollow noopener\">crypto ETPs<\/a> helped unlock a more predictable pathway for issuers, accelerating filings across the sector.<\/span><\/p>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq approved Canary Capital\u2019s spot XRP ETF, and trading begins under the ticker XRPC. The ETF tracks the XRP-USD index and gives investors regulated exposure to XRP. Nasdaq has formally certified the Canary Capital XRP ETF for trading, opening the door for the first single-token spot XRP fund to launch on a major U.S. exchange. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":513902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[23198,25,11609],"class_list":{"0":"post-513901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-canary-xrp-etf","9":"tag-news","10":"tag-xrp-etf"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/513901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=513901"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/513901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/513902"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=513901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=513901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=513901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}