Canary Funds to Launch First U.S. Spot XRP ETF
- Canary Funds to launch U.S. spot XRP ETF Thursday.
- ETF set for Nasdaq listing.
- Expected boost in XRP demand and liquidity.
Canary Funds’ XRP ETF, ticker XRPC, will launch on Nasdaq this Thursday, November 13, 2025, marking its debut as the first U.S. spot XRP ETF after SEC approval.
The launch could increase XRP demand and liquidity, influencing broader market dynamics similar to past Bitcoin and Ethereum ETF introductions.
The first U.S. spot XRP ETF by Canary Funds will debut on Nasdaq this Thursday. This ETF launch follows a completed SEC Form 8-A filing and regulatory approval, marking a significant milestone for the cryptocurrency market.
Canary Funds, with Canary Capital as the sponsor, is spearheading this initiative. Eric Balchunas, Senior ETF Analyst at Bloomberg, indicated the final filing points to a Thursday launch, pending Nasdaq certification.
The launch paves the way for greater institutional participation, providing regulated access to XRP. This move is expected to significantly impact demand and liquidity for XRP, while fostering broader adoption through a regulated vehicle.
“Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday). Not done deal but all boxes being checked. Stay tuned.” — Eric Balchunas, Senior ETF Analyst, Bloomberg
Historically, spot ETF launches like Bitcoin and Ethereum in 2024 have resulted in increased inflows and market adoption. Canary’s XRP ETF may replicate this trend, leading to price appreciation and an uptick in investment interest.
Market stakeholders anticipate shifts in investment patterns following the ETF debut. Liquidity and demand may rise as institutional investors gain confidence in the XRP market. Industry experts will be closely monitoring these outcomes.
Previous ETF launches demonstrated substantial financial impacts, such as increased inflows and asset valuations. XRP’s debut on Nasdaq could bolster mainstream credibility and position XRP for future strategic advancements in the crypto sector.
