Nasdaq Greenlight Sparks Frenzy: First US XRP ETF on the Horizon

Wall Street's sleeping giant just blinked—and crypto markets are wide awake.

The big move: Nasdaq's regulatory nod positions XRP for an ETF showdown with Bitcoin and Ethereum. No more 'toxic asset' whispers—Ripple's native token might finally get its institutional coming-out party.

Behind the scenes: SEC chair Gensler's team suddenly playing nice after years of lawsuits? Either hell froze over or someone finally wrote the check. (Wall Street always collects—in fiat or crypto.)

The bottom line: When TradFi gatekeepers start rolling out the red carpet for 'unregistered securities,' you know the real money's about to arrive—right after the usual pump-and-dump circus.

Set to Become the Sixth Single-Asset Crypto ETF

Nate Geraci, president of NovaDius Wealth Management, pointed out that Canary has already launched its website for the product, signaling that preparations are largely complete. If approved, XRPC would be the sixth single-asset crypto ETF in the United States, joining products tied to Bitcoin, Ether, Solana, Litecoin and Hedera.

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Canary Capital Targets Mog Coin With New US ETF Plan

Industry commentators, including Eleanor Terrett of Crypto America, expressed Optimism after Nasdaq confirmed that the listing could activate at the market open. Still, several analysts reminded traders that Nasdaq’s letter is procedural – a confirmation that the exchange has approved the listing, not a guarantee that trading can begin.

Experts have been expecting an XRP ETF launch for weeks, with Geraci predicting a late-October debut earlier this month. The timing aligns with the US government’s recent reopening, after President Donald TRUMP signed a bill ending the longest shutdown in US history – an event that delayed portions of the SEC’s review pipeline.

Earlier spot Bitcoin and Ether ETFs went live the day after their approvals, while newer funds – including Solana, Litecoin and Hedera – launched the day after their exchange listings under updated SEC procedures. Some analysts have speculated that the government shutdown may have pushed certain crypto ETFs to rely on automatic-effectiveness rules that allow products to move forward during periods when regulators cannot actively process filings.

If the SEC signs off in time, XRPC could be trading on Thursday – marking a milestone moment for both XRP and the expanding crypto ETF landscape.

Alexander Zdravkov Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a DEEP personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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