BREAKING: Canary Capital’s XRP ETF Launches on Nasdaq Tomorrow – Institutional Crypto Just Got Real
Wall Street's crypto skeptics are about to get a rude awakening. Canary Capital's XRP ETF—the first single-asset crypto fund backed by a major US exchange—goes live at market open tomorrow. No more OTC desks, no more custody headaches. Just pure, regulated XRP exposure with a ticker symbol.
Why This Matters
Nasdaq's stamp of approval legitimizes what crypto bulls have screamed for years: digital assets aren't going anywhere. The ETF structure bypasses the SEC's usual 'unregistered security' FUD by tracking XRP's price through futures contracts—a loophole so obvious even your boomer portfolio manager gets it.
The Cynic's Corner
Of course, Wall Street only embraces innovation after extracting 75bps in fees. But hey—at least they're not calling it a 'tulip bubble' this time.
Canary Capital Finishes Last Phase of XRP ETF.
Cryptocurrency journalist Eleanor Terrett reported that Canary Capital has formally submitted FORM 8-A to the U.S. Securities and Exchange Commission (SEC), the last step to have an exchange-traded fund listed on a stock exchange.
This was filed on November 10, 2025, and registered the Canary XRP ETF under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq will certify the listing at 5:30 p.m. ET on Wednesday, and the ETF will be effective and ready to trade at market open on Thursday, November 13.
Source: Official Website
Importance of XRP Spot ETF.
This ETF will enable investors to get exposure to the price changes using ordinary brokerage accounts, the same way they WOULD with standard stocks or ETFs.
This does not require the cryptocurrency to be held or controlled directly, which is a significant advantage to retail and institutional investors who fear the risks associated with crypto exchanges.
The market analysts consider this launch as a step, like the introduction of Bitcoin ETFs and ethereum spot ETFs, that opened the possibility of regulated crypto investment in the U.S.
Market Reaction and XRP Price Movement
Since the news, the xrp price has increased by 8%, which indicates the increasing interest in its use by institutions.
Even though the token has since fallen to $2.43, the traders are optimistic that the introduction of the Exchange Traded Fund may bring a new round of liquidity and mainstream appeal.
Reactions on X were largely positive, with users forecasting the performance that would be twice that of the solana ETFs in the early part of this year.
Source: Wu Blockchain X
The Growing Ripple in Traditional Finance.
In the meantime, Ripple, the corporation that deals with XRP, is developing outside of blockchain solutions.
Ripple CEO Brad Garlinghouse disclosed that the company has already spent almost $4 billion in acquisitions in the current year alone, purchasing fintech companies such as Hidden Road and GTreasury Software.
Ripple also introduced Ripple Prime, a new over-the-counter trading system aimed at U.S. institutions. Having invested more than half a billion, Ripple is currently estimated to be worth $40 billion.
Garlinghouse stressed that Ripple aims to connect digital assets with conventional banking, where XRP will be the basis of quicker and less expensive international trades.
Institutional adoption and wider crypto perspective.
The filing comes amidst increased blockchain efforts by large financial institutions such as Citigroup and JPMorgan.
Citigroup is aiming to launch a crypto custodial offering by 2026, and JPMorgan already released a deposit token on the Base blockchain of Coinbase.
Analysts indicate that the deregulation of the U.S. market by the TRUMP administration and the increased confidence of investors in regulated ETFs are providing a good chance for digital assets to thrive.
Conclusion
This launch by Canary Capital may become a new era in the history of crypto investment, as Nasdaq may approve it soon, connecting the world of traditional finance with blockchain innovation and increasing the practical financial use of cryptocurrency
