The Canary XRP ETF is set to begin trading on Nasdaq on November 13, 2025, under the ticker symbol XRPC. This marks the first spot XRP exchange-traded fund in the United States, following approval triggered by Canary Capital’s Form 8-A filing with the SEC.
Nasdaq confirms listing: Trading starts November 13, 2025, with a 0.50% management fee.
The ETF tracks the XRP-USD CF Benchmarks Reference Rate Index, offering regulated XRP exposure to investors.
XRP’s market cap stands at $143 billion, signaling strong institutional interest amid regulatory progress.
Discover the Canary XRP ETF launch on Nasdaq November 13, 2025. Explore impacts on XRP price, comparisons to Solana ETF, and investment opportunities in this pivotal crypto milestone.
What is the Canary XRP ETF and when does it launch?
The Canary XRP ETF represents a groundbreaking development in cryptocurrency investment products, providing direct exposure to XRP through a traditional exchange-traded fund structure. It is scheduled to launch on Nasdaq on November 13, 2025, under the ticker symbol XRPC. This ETF, managed by Canary Capital, follows the approval process initiated by the firm’s Form 8-A filing with the U.S. Securities and Exchange Commission on November 10, 2025, which automatically triggered its effectiveness.
How will the Canary XRP ETF operate and what are its key features?
The Canary XRP ETF will track the performance of XRP by referencing the XRP-USD CF Benchmarks Reference Rate Index, ensuring accurate and transparent pricing. With a management fee of just 0.50%, it aims to attract both institutional and retail investors seeking a regulated avenue to invest in XRP without directly handling cryptocurrencies. U.S. Bancorp Fund Services will act as the transfer agent and administrator, while Gemini Trust Company and BitGo Trust Company provide custody services to safeguard assets. This setup complies with stringent regulatory standards, building on Ripple’s resolution of past legal hurdles with the SEC.
Industry analysts, including Bloomberg’s senior ETF analyst Eric Balchunas, have noted the significance of this listing notice from Nasdaq, describing it as a “watershed moment” for XRP. Balchunas highlighted in recent commentary that the ETF’s structure positions it well for inflows, given XRP’s established role in cross-border payments and its $143 billion market capitalization. Data from similar launches, such as spot Bitcoin ETFs, show that regulated products can draw billions in assets under management within months, underscoring the potential here.
The ETF will be listed on the Nasdaq Global Market, allowing trading through standard brokerage accounts. This eliminates the complexities of cryptocurrency exchanges, such as wallet management and security concerns, making XRP more accessible. As of the latest reports, XRP trades around $2.40, reflecting a modest 1% decline amid broader market movements, but experts anticipate positive momentum from the ETF’s debut.
Source: X
Can the Canary XRP ETF match or exceed the Solana ETF’s debut performance?
The launch of the Canary XRP ETF comes on the heels of successful spot Solana ETF introductions, providing a benchmark for expectations. Bitwise’s Solana Staking ETF, ticker BSOL, debuted on October 28, 2025, and quickly amassed $531 million in net assets during its inaugural week. This strong performance, despite market volatility that led to outflows from Bitcoin and Ethereum ETFs, highlights growing appetite for altcoin exposure in regulated formats.
BSOL saw approximately $70 million in inflows on day one, followed by consistent positive flows over seven trading days, with the fund alone capturing $199 million in new capital. Analysts project that the XRP ETF could potentially double these gains, driven by XRP’s larger market presence and Ripple’s expanding partnerships in global payments. “XRP’s utility in real-world applications gives it an edge over newer tokens,” noted Eric Balchunas in a Bloomberg analysis, emphasizing the token’s $143 billion valuation as a sign of robust demand.
While XRP has faced regulatory scrutiny in the past, the ETF’s approval signals a maturing landscape for digital assets. Investors can now access XRP through familiar channels, potentially stabilizing price fluctuations and boosting liquidity. The ETF’s custody arrangements with trusted firms like Gemini and BitGo further enhance confidence, mirroring the security protocols that contributed to Solana’s success.
Beyond performance comparisons, the Canary XRP ETF addresses key investor pain points. Traditional finance participants often hesitate due to crypto’s perceived risks, but this product bridges that gap. Historical data from the Crypto ETF landscape shows that first-mover advantage in altcoins can lead to sustained inflows; for instance, Ethereum ETFs gathered over $1 billion in their early months post-approval. With XRP’s established ecosystem, including integrations with financial institutions worldwide, the ETF is poised to tap into untapped capital pools.
Frequently Asked Questions
When does the Canary XRP ETF start trading on Nasdaq?
The Canary XRP ETF commences trading on Nasdaq on November 13, 2025, under the ticker XRPC. This follows the automatic approval of Canary Capital’s Form 8-A filing with the SEC on November 10, 2025, and Nasdaq’s issuance of the official listing notice.
What advantages does the Canary XRP ETF offer over direct XRP investment?
The Canary XRP ETF provides a convenient, regulated way to gain XRP exposure through standard brokerage accounts, avoiding the need for crypto wallets or exchanges. With professional custody from Gemini and BitGo, plus a low 0.50% fee, it reduces risks and simplifies access for both retail and institutional investors.
Key Takeaways
- Launch Date Confirmed: The Canary XRP ETF begins trading on Nasdaq November 13, 2025, as the first U.S. spot XRP fund, tracking the XRP-USD index with secure custody.
- Potential Outperformance: Analysts expect it to surpass Solana ETF’s debut, leveraging XRP’s $143 billion market cap and real-world utility in payments.
- Investor Accessibility: Enables easy XRP investment via traditional platforms, potentially driving inflows and price stability amid regulatory clarity.
Conclusion
The Canary XRP ETF launch on November 13, 2025, ushers in a new era for XRP ETF investments, building on the momentum from Solana’s successful debut while addressing long-standing regulatory concerns. By offering a low-fee, index-tracking product with top-tier custody, it democratizes access to XRP’s cross-border payment ecosystem. As institutional interest grows, this development could catalyze further adoption; investors should monitor trading volume in the coming weeks for signs of sustained growth.