XRP News Today: Canary XRP ETF Gains Regulatory Approval, Indicating Growth in Crypto Industry

The

(XRPC) set a new precedent on November 13, 2025, as the inaugural spot exchange-traded fund to be listed in the U.S., launching on Nasdaq. Overseen by Canary Capital, the fund started trading under the symbol XRPC after automatic approval from the SEC, which was prompted by a on November 10. Charging a 0.50% management fee, the ETF , providing investors with regulated access to the third-largest digital asset by market value.

This launch represented a significant milestone for XRP, a cryptocurrency that has historically encountered regulatory challenges.

and institutional-grade custody solutions from Gemini Trust Company and BitGo Trust Company, . U.S. Bancorp Fund Services acts as the transfer agent and administrator, .

The introduction of the XRP ETF coincides with heightened interest in crypto ETFs, following the recent debut of spot

ETFs in late October. in net assets during its opening week. Experts, such as Bloomberg's Eric Balchunas, believe the XRP ETF could surpass the performance of other altcoin ETFs. that XRP's established use in institutional cross-border payments could lead to inflows twice as large as Solana's. "XRP's practical applications set it apart from newer cryptocurrencies," Balchunas remarked, as evidence of strong demand.

The ETF's initial trading day supported these projections. on its first day, while . In comparison, Bitwise's Solana ETF saw $57 million in its first full day. Following the ETF's launch, XRP's value , though it later declined amid broader market fluctuations .

The approval of this ETF marks a turning point for digital assets. After prolonged legal disputes with the SEC,

, making it easier for both institutional and individual investors to participate. Balchunas described the listing as a "watershed moment," under management.

Market analysts share McClurg's positive outlook.

to the early days of and ETFs, predicting similar patterns of growth. Meanwhile, crypto commentator Paul Barron , despite its leadership in Bitcoin and Ethereum products. "The competition for XRP has begun," Barron posted, .

The success of the XRP ETF may pave the way for more innovation in crypto investment vehicles. With

, the environment is set for greater institutional involvement. As XRPC continues trading, market participants will monitor trading volumes and price consistency as signals of mainstream adoption in conventional finance.

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