Nasdaq Approves U.S. Spot XRP ETF XRPC for Nov 13 Launch
Nasdaq and the SEC have greenlit Canary Capital’s spot XRP ETF (ticker XRPC), marking the first U.S. spot-based XRP ETF. After SEC registration became effective at 5:30 PM ET on Nov. 12, the fund begins trading on Nov. 13. Tracking the XRP-USD CCIXber Reference Rate Index and charging a 0.5% annual fee, the ETF holds actual XRP to provide direct, regulated market exposure via standard brokerages. CEO Steven McClurg anticipates $5 billion in inflows in the first month, underscoring strong institutional demand. Analysts compare this launch to early Bitcoin and Ethereum ETF approvals. With additional XRP products filed by Franklin Templeton and Bitwise, and following the U.S. government shutdown resolution, traders can expect improved XRP liquidity and stability as the crypto ETF integrates into mainstream portfolios.
Bullish
The approval and imminent launch of the first U.S. spot XRP ETF is a clear bullish signal for XRP. In the short term, the ETF’s listing on Nasdaq and projected $5 billion inflows are likely to drive increased buying pressure and higher liquidity, boosting XRP’s price. Over the long term, regulated, mainstream access via traditional brokerages and comparisons to early Bitcoin and Ethereum ETFs suggest sustained institutional interest and wider adoption, underpinning price stability and growth potential.