- NASDAQ issued a notice for the first U.S. spot XRP ETF to be tradeable from November 13, 2025.
- Canary Funds is the fund manager, following the filing of Form 8-A with the SEC.
- XRP price fluctuated with ETF speculation, stabilizing near $2.40 with potential $5 billion market impact.
Nasdaq has solidified its intent to list the Canary XRP ETF on November 13, 2025, marking the first U.S. spot XRP exchange-traded fund, traded under ticker XRPC.
This milestone could draw substantial investment flows into XRP, with potential market ripple effects amid relatively stable price response, indicating strategic positioning for investors.
NASDAQ has issued a listing notice for the first U.S. spot XRP ETF. The ETF will be tradeable starting November 13, 2025. This marks a significant regulatory and operational milestone for cryptocurrency in the United States.
Canary Funds is leading this initiative as the fund manager. The Nasdaq listing follows the fund’s filing of Form 8-A with the SEC. This regulatory step emphasizes the ETF’s conformance to U.S. securities laws. Eric Balchunas, a Senior ETF Analyst at Bloomberg, mentioned, “Canary Capital filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday.”
The XRP price initially surged amid ETF speculation but stabilized, trading near $2.40. The official notice implies traders have already accounted for this news, reflecting a 3.3% dip on announcement day. The ETF could potentially drive up to $5 billion into related crypto products. Though XRP is directly influenced, broader market reactions, including that of BTC and ETH, could follow suit. However, specific liquidity data is unavailable.
Expectations include significant market and regulatory outcomes. However, the XRP ETF launch has not triggered immediate shifts in Total Value Locked (TVL) or on-chain liquidity, suggesting a more stable financial landscape. Historically, spot ETF launches boost institutional inflows and market legitimacy. The XRP ETF listing might mirror effects seen in Bitcoin and Ethereum launches. Balances of retail and institutional interests shape potential market dynamics.
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