XRP News Today: XRP ETF Makes History with Nasdaq Launch, Connecting Cryptocurrency and Traditional Finance

The

(XRPC) set a new milestone on November 13, 2025, by becoming the first U.S. spot exchange-traded fund to launch on Nasdaq, representing a significant step for XRP’s entry into mainstream financial markets. After receiving approval from the Securities and Exchange Commission (SEC) and certification from Nasdaq on November 12, the fund began trading under the XRPC ticker, recording an impressive $58 million in trading volume on its opening day, . This exceeded early forecasts and made it the most successful ETF debut of the year, surpassing the $57 million first-day volume achieved by Bitwise’s Solana Staking ETF (BSOL) .

The

, operated by Canary Capital, and applies a 0.5% yearly management fee. Its introduction came after extensive regulatory review and a strategic filing by Canary under the Securities Act of 1933, . Steven McClurg, CEO of Canary, within the first month, pointing to strong institutional interest in regulated XRP investments. This projection is consistent with trends seen in and ETF launches, which soon after their introduction.

The ETF’s approval signals broader regulatory advancements for digital assets,

that had postponed application reviews. SEC Chairman Paul Atkins and Commissioner Hester Peirce were recognized as major advocates for the fund’s accelerated evaluation. The approval also , which facilitated smoother processing for crypto-related products.

Market response to the ETF’s launch was varied. Despite the high trading activity,

within the first 24 hours, settling at $2.28. Experts attributed this to a “sell-the-news” phenomenon and overall market softness, as both Bitcoin and also experienced declines. Nevertheless, the ETF’s strong start was still viewed as a positive development. within just 2.5 hours of trading put it on pace to potentially outperform other alternative crypto ETFs.

Comparisons with the Solana ETF (BSOL) highlighted XRP’s increasing appeal among institutional investors.

, accumulated $531 million in net assets during its initial week. Given XRP’s $143 billion market capitalization and its importance in cross-border transactions, that the XRPC ETF could draw even larger inflows. that up to $8 billion could flow into XRP ETFs, citing the asset’s practical use and regulatory transparency.

The ETF’s design also addressed major investor priorities.

and BitGo Trust Company, combined with an efficient trading process on Nasdaq, . This approach is similar to the model used by Bitcoin ETFs, through established brokerage channels.

Looking forward, the XRPC ETF’s introduction is expected to drive further developments.

are awaiting approval, with Franklin Templeton, Grayscale, and Bitwise among those preparing to launch in the near future. Experts believe this influx of products could push XRP’s price higher, especially if inflows resemble those seen with Bitcoin and Ethereum ETFs. Still, , as the proportion of XRP supply in profit reached a one-year low in early November.

The debut of the Canary XRP ETF highlights the evolution of the crypto sector, where regulated investment vehicles are narrowing the divide between digital currencies and conventional finance. As institutional participation grows and regulatory standards advance, XRP’s function as a cross-border payment tool could become even more prominent—assuming market stability and liquidity improve in the coming months.