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XRP News Today: XRP ETF Greenlight Signals Major Step Into Mainstream for Crypto

XRP News Today: XRP ETF Greenlight Signals Major Step Into Mainstream for Crypto

Bitget-RWA2025/11/14 02:26
By:Bitget-RWA

- Canary Capital's XRPC ETF , the first U.S. XRP spot ETF, will launch on November 13, 2025, after SEC and Nasdaq approvals. - XRP gained 4.1% to $2.51 as the ETF's 0.5% fee and direct token exposure attracted institutional and retail demand. - Regulatory approval used expedited Section 8(a) process, with Nasdaq certification finalizing the listing during a government shutdown. - Market shifts included 216M XRP withdrawals and declining futures activity, signaling trust in regulated ETF structures. - Analy

The inaugural U.S. spot

exchange-traded fund (ETF) will launch on November 13, 2025, after securing approvals from both the Securities and Exchange Commission (SEC) and Nasdaq. Canary Capital's , trading under the ticker XRPC, represents a significant milestone for XRP, making it the fourth cryptocurrency—following , , and —to receive a U.S. spot ETF. The fund, which holds XRP directly and imposes a 0.5% annual management fee, has already for XRP to $2.51, reflecting increased confidence among institutional and retail investors.

The ETF's approval process was accelerated through the auto-effective registration under Section 8(a) of the Securities Act of 1933. Canary Capital submitted Form 8-A to the SEC, initiating a 20-day period for automatic approval unless the SEC intervened. Nasdaq

on November 12, 2025, removing the final barrier for trading to begin. The green light came during a time of limited SEC activity due to a government shutdown, which likely helped avoid delays. Steven McClurg, CEO of Canary, in the first month, drawing comparisons to the performance of Bitcoin ETFs and highlighting robust institutional interest.

XRP News Today: XRP ETF Greenlight Signals Major Step Into Mainstream for Crypto image 0
Market sentiment has already shifted in anticipation of the ETF’s arrival. Blockchain data shows 216 million XRP have been withdrawn from exchanges, with large holders ahead of the launch. Open interest in XRP futures has dropped, indicating a move away from speculative trading as investors turn to regulated options. pointed out that the ETF’s structure—operating under the Securities Act of 1933 and not as a futures-based product—sets it apart from earlier crypto ETFs, providing direct access to XRP’s spot price.

Institutional interest in XRP is on the rise. Evernorth Holdings’ merger with Armada Acquisition Corp II is intended to raise $1 billion for an XRP treasury, further demonstrating faith in XRP’s role in cross-border payments. Ripple’s settlement of regulatory issues with the SEC and its collaborations with international banks have strengthened XRP’s reputation. Canary’s XRPC ETF, which is fully backed by XRP and does not use derivatives, differs from the REX-Osprey ETF, which only partially holds the asset

. This pure exposure has led to comparisons with Bitcoin and Ethereum ETFs, with McClurg Solana’s first-week inflows.

While price predictions vary, the overall outlook remains positive.

XRP could reach $10–$20 by 2027, citing the possibility of $500 billion in ETF-driven market capitalization growth. Other analysts, including Kenny Nguyen and McClurg, have suggested price targets of $22–$26 based on projected institutional investments. , with XRP breaking above the $2.45 resistance level and trading at 2.5 times its average volume.

The introduction of the XRPC ETF highlights the increasing integration of cryptocurrencies into mainstream finance. With XRP now available through regulated brokerages, both liquidity and institutional participation are expected to rise. As trading begins, investors will be watching inflows, price movements, and regulatory updates to assess the ETF’s long-term significance

.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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