Canary XRP ETF gets green light for Nasdaq launch tomorrow

Key Takeaways

When does the Canary XRP ETF start trading?

The Canary XRP ETF will begin trading on Nasdaq on 13 November 2025, under ticker symbol XRPC.

Could XRP outperform Solana’s debut?

It is believed that the XRP ETF could achieve twice the gains Solana recorded in its first week, citing strong demand evidenced by XRP’s $143 billion market cap.

Nasdaq has confirmed the official listing notice for the Canary XRP ETF, with trading set to commence on 13 November 2025, under the ticker symbol XRPC. 

The announcement marks a watershed moment for XRP as the first spot XRP exchange-traded fund in the United States.

Source: X

The SEC received Canary Capital’s Form 8-A filing on 10 November 10, triggering automatic approval. Bloomberg senior ETF analyst Eric Balchunas confirmed that Nasdaq issued the official listing notice. 

The ETF will be listed on the Nasdaq Global Market with a management fee of 0.50%.

Can XRP match the Solana ETF launch?

The comparison to Solana is particularly relevant following the impressive debut of spot Solana ETFs in late October. Bitwise’s Solana Staking ETF [BSOL] launched on 28 October, attracting $531 million in net assets during its first week of trading. 

The fund opened with approximately $70 million in inflows on its first day and recorded positive inflows for seven consecutive trading days.

BSOL outperformed competing crypto ETFs during its launch week, with the Bitwise product alone drawing $199 million in fresh capital.

The success occurred despite broader market volatility that saw Bitcoin and Ethereum ETFs experience outflows during the same period.

The Canary XRP ETF will track the XRP-USD CCIXber Reference Rate Index. U.S. Bancorp Fund Services serves as transfer agent and administrator, while Gemini Trust Company and BitGo Trust Company handle custody.

Industry experts view the approval as a significant victory for Ripple following years of regulatory challenges. 

The launch opens new investment avenues for institutional and retail investors seeking XRP exposure through traditional brokerage accounts, eliminating the need to navigate cryptocurrency exchanges.

XRP had not reacted to the news as of this writing, trading around $2.4 with an almost 1% decline.