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- Canary Capital’s XRPC is the first spot XRP ETF listed in the U.S.
- Approval uses auto-effective registration, enabling swift SEC clearance.
- Growing institutional interest highlights altcoins’ rising legitimacy.
Canary Capital made history on November 12, 2025, as its XRP exchange-traded fund (ETF) received regulatory approval, with Nasdaq certifying the listing under the ticker XRPC. The fund officially begins trading today, marking the first spot XRP ETF available on a U.S. exchange. This milestone signals a new era of regulated cryptocurrency investment and highlights increasing institutional interest in altcoins.
Regulatory Pathway and Swift Approval
The approval process leveraged the auto-effective registration under Section 8(a) of the Securities Act of 1933. By filing Form 8-A and removing a delaying amendment, Canary Capital triggered a 20-day automatic approval window, which passed without objection from the SEC. Nasdaq Regulation confirmed the listing in a formal certification letter signed by Eun Ah Choi on November 12, clearing the final hurdle for trading.
Market observers note that the timing aligned with reduced SEC activity during the recent government shutdown, potentially easing regulatory friction. This approval offers a long-awaited pathway for XRP to be treated as a recognized asset in traditional finance, following years of regulatory uncertainty surrounding Ripple and its native token.
Altcoin ETFs Gain Momentum
The XRPC launch comes amid a growing wave of altcoin ETFs, including products for Solana, Litecoin, and Hedera. Institutional appetite for these regulated vehicles is evident: Bitwise’s Solana ETF recorded $56 million in first-day trading volume, climbing to $72 million on day two. Similarly, REX-Osprey’s XRP futures-based ETF launched in September quickly amassed over $100 million in assets under management, reflecting strong market demand.
Also Read: US Government Shutdown Ends: Bitcoin, Ethereum, and XRP Rally as Markets Rebound
Despite initial rallies—XRP historically jumped 18% ahead of ETF launches—investors are advised to manage expectations, as profit-taking often follows early spikes. Currently, eleven XRP ETF products are listed with the Depository Trust & Clearing Corporation, with filings from Bitwise, Franklin Templeton, 21Shares, and CoinShares.
A New Chapter for XRP
Canary Capital’s XRPC ETF represents a pivotal step in bridging digital assets and traditional finance. By providing regulated, accessible exposure to XRP, the ETF may attract both institutional and retail investors seeking compliance-driven crypto options. The launch reinforces the growing legitimacy of altcoins within regulated markets and sets the stage for broader adoption of digital assets in mainstream portfolios.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
