BREAKING: Canary Capital Makes History with First-Ever U.S. XRP Spot ETF Filing

Wall Street's crypto skeptics just got served—Canary Capital drops a regulatory bombshell with the first U.S. XRP spot ETF filing.

The ETF Arms Race Goes Cross-Chain

While BlackRock and Grayscale battle over Bitcoin ETFs, this hedge fund just sidestepped the fray entirely—betting big on Ripple’s embattled token instead.

Regulatory Roulette

The SEC’s lawsuit against Ripple still looms, but Canary’s move screams confidence. Either they know something we don’t, or they’re banking on the 2025 bull run to drown out regulatory noise. Classic hedge fund play—high risk, higher potential reward.

The Cynic’s Corner

Let’s be real: after the Bitcoin ETF gold rush, every fund manager suddenly became a ‘crypto visionary.’ Nothing like chasing ATHs to make traditional finance remember blockchain exists.

The SEC has officially approved the first-ever Spot #XRP ETF in the United States!
Introducing the Canary Capital Spot XRP ETF, set to launch soon.

The moment the crypto world’s been waiting for is finally here!pic.twitter.com/mJaOheWTpS

— CryptoSensei (@Crypt0Senseii) November 11, 2025

If approved, the fund WOULD become, marking a landmark development forand for the institutional adoption of digital assets across Wall Street.

A New Era for XRP in Institutional Finance

This regulatory update confirms that theis moving closer to launch. The structure would providewithout requiring investors to hold the token itself , which is a major advancement for integrating XRP into.

The updated FORM S-1 filing and the proposed listing on theindicate that the fund has entered its. Analysts say the progress reinforces XRP’s credibility among.

If the SEC gives final approval, the, joiningas regulated digital asset products accessible to mainstream investors.

Ripple’s Comeback and the Rise of Altcoin Legitimacy

The development comes at a pivotal time for, which has recently scored severalover the classification of XRP. The company continues to expand its, positioning XRP as a cornerstone of blockchain-based financial infrastructure.

Ripple reportedly plans to supportin total, signaling its commitment to bringing XRP into the regulated investment ecosystem.

Industry analysts view the potential XRP ETF as a. Similar to Bitcoin’s trajectory, a spot XRP ETF couldand significantlyin the broader crypto market.

For Ripple, the approval would represent aafter years of regulatory challenges and for investors, it would mark another.

Growing Competition in the ETF Landscape

With this filing,joins a growing list of financial firms racing to bringto U.S. markets. Following the success of, XRP could becometo achieve a spot ETF listing.

Other firms, includingand, are also developing similar products, creating a wave ofwithin the regulated crypto investment space.

In the long run, the introduction of ancould pave the way for, accelerating the.

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