 
 
An exchange-traded fund tracking the price of Ripple-linked XRP is expected to list soon, expanding the slate of spot altcoin funds trading in the United States.
Issuers like Canary Capital have been scrambling to address Wall Street’s voracious appetite for crypto-focused funds beyond market leaders Bitcoin and Ether amid a more favorable regulatory and political environment for the industry.
Canary Capital’s XRP ETF To Begin Trading Next Week
Canary Capital CEO said the asset manager plans to launch a spot XRP ETF next week, following the debut of its Litecoin ETF and HBAR ETFs last week.
“We just launched the first two ETFs last week, and we’re hoping to launch an XRP ETF next week,” Steven McClurg posited during a Ripple Swell 2025 panel hosted by Bloomberg ETF analyst Eric Balchunas.
McClurg pointed out that with the U.S. Securities and Exchange Commission’s newly-approved generic listing standards, issuers can introduce ETFs to US customers if there futures for a token have traded for at least six months, such as on Bitnomial.
 
The application process entails two methods: a delay amendment, which requires the SEC to make the fund effective, or a no delay amendment, which automatically goes effective in 20 days.
“A no-delay amendment is basically when you become a little bit more comfortable. If you’re comfortable with your filing, which we are, and you file a no-delay amendment, then that means that you automatically go effective in 20 days,” McClurg postulated.
Canary submitted applications for its Litecoin and Hedera ETFs with no-delay amendments a couple of weeks ago, and both landed on Wall Street last week. Canary Capital HBAR ETF (HBR) closed its debut trading day at $8 million, while the Canary Capital Litecoin ETF (LTCC) registered $1 million. The asset manager filed for the XRP ETF with a no-delay amendment 20 days before November 13.
The SEC is currently mulling multiple crypto-focused funds tracking individual altcoins, combinations of assets, and strategies. Among them are also spot ETFs holding Cardano, Avalanche, and Dogecoin.
XRP is up 0.8 percent on the day to $2.28, according to CoinGecko data.