First U.S. Spot XRP ETF Debuts on Nasdaq Nov 13
Nasdaq will list the first U.S. spot XRP ETF, XRPC, on November 13, 2025. The fund, managed by Canary Capital, tracks the XRP-USD CF Benchmarks Reference Rate Index and charges a 0.50% fee.
U.S. Bancorp Fund Services handles transfer agency, while Gemini and BitGo provide institutional-grade custody. XRP’s $143 billion market cap and cross-border payment use have driven strong institutional demand.
After the Solana Staking ETF (BSOL) attracted $531 million in its first week, analysts expect the XRP ETF to see substantial inflows, potentially surpassing the Solana ETF. Listing on Nasdaq removes the need for crypto wallets or exchanges, simplifying spot XRP ETF access for retail and institutional investors.
Bullish
The launch of the first U.S. spot XRP ETF on Nasdaq is likely bullish for XRP. In the short term, inclusion in major brokerage platforms may boost trading volumes and attract fresh institutional and retail demand, driving price momentum. In the long term, ETF approval reflects regulatory acceptance and could increase market liquidity, further supporting XRP’s valuation.