XRP ETF Launches Tomorrow – Will It Outshine Solana? 🚀

by

Key Takeaways

When does the Canary XRP ETF start trading?

The Canary XRP ETF will begin trading on Nasdaq on 13 November 2025, under ticker symbol XRPC. Because XRP needed a nickname, apparently.

Could XRP outperform Solana’s debut?

It is believed that the XRP ETF could achieve twice the gains Solana recorded in its first week, citing strong demand evidenced by XRP’s $143 billion market cap. A mountain of money, if you will.

Nasdaq has confirmed the official listing notice for the Canary XRP ETF, with trading set to commence on 13 November 2025, under the ticker symbol XRPC. 🐍✨

The announcement marks a watershed moment for XRP as the first spot XRP exchange-traded fund in the United States. Or, as the SEC might say, “We’ve finally stopped trying to kill it.”

The SEC received Canary Capital’s Form 8-A filing on 10 November 10, triggering automatic approval. Bloomberg senior ETF analyst Eric Balchunas confirmed that Nasdaq issued the official listing notice. Because nothing says “regulatory scrutiny” like a filing date that’s technically correct but also a bit of a joke.

The ETF will be listed on the Nasdaq Global Market with a management fee of 0.50%. A pittance, considering the amount of drama this thing has already caused.

Can XRP match the Solana ETF launch?

The comparison to Solana is particularly relevant following the impressive debut of spot Solana ETFs in late October. Bitwise’s Solana Staking ETF [BSOL] launched on 28 October, attracting $531 million in net assets during its first week of trading. Because Solana’s fans are basically a cult, and cults have deep pockets.

The fund opened with approximately $70 million in inflows on its first day and recorded positive inflows for seven consecutive trading days. Seven days of glory! Or until the next crypto crash, whichever comes first.

BSOL outperformed competing crypto ETFs during its launch week, with the Bitwise product alone drawing $199 million in fresh capital. Because even in a world of chaos, some ETFs are just better at selling snake oil.

The success occurred despite broader market volatility that saw Bitcoin and Ethereum ETFs experience outflows during the same period. Because the market is a fickle lover, and it’s currently dating a different cryptocurrency.

The Canary XRP ETF will track the XRP-USD CCIXber Reference Rate Index. U.S. Bancorp Fund Services serves as transfer agent and administrator, while Gemini Trust Company and BitGo Trust Company handle custody. Because even the custodians are trying to sound like they know what they’re doing.

Industry experts view the approval as a significant victory for Ripple following years of regulatory challenges. Because nothing says “victory” like a legal battle that’s been ongoing since the Stone Age.

The launch opens new investment avenues for institutional and retail investors seeking XRP exposure through traditional brokerage accounts, eliminating the need to navigate cryptocurrency exchanges. Or, as the more cynical might say, “Finally, a way to lose money without having to understand how it works.”

XRP had not reacted to the news as of this writing, trading around $2.4 with an almost 1% decline. Probably because it’s too busy plotting its revenge against the market. 🧙♂️

Read More

2025-11-13 03:03