XRPC ETF Debuts on Nasdaq: Your Ticket to the XRP Ledger Boom

Wall Street meets crypto—again. The XRPC ETF just hit Nasdaq, giving traditional investors their easiest on-ramp yet to the XRP Ledger ecosystem.

No wallets, no private keys—just ticker symbols and SEC-approved exposure. Because nothing screams decentralization like a CUSIP number.

This isn't your 2017 ICO wild west. Institutional money wants in, and they're bringing their compliance teams. The ETF structure bypasses crypto's usual friction—think custody battles, exchange hacks—while still tracking XRP's price action.

Will purists cry foul? Obviously. Does it matter when pension funds start allocating? Not even slightly.

Closing thought: If you can't beat 'em, wrap their blockchain in a prospectus and charge 75 basis points.

TLDR

• Canary Capital’s XRPC ETF officially launched on Nasdaq, marking the first-ever spot XRP ETF in the U.S.
• Nasdaq certified the XRPC ETF, which became effective at 5:30 p.m. ET on November 12.
• The XRPC ETF provides exposure to the XRP Ledger, focusing on network performance in payments and liquidity.
• Canary Capital highlights XRP’s efficiency, scalability, and interoperability in global payment solutions.
• Steven McClurg, CEO of Canary Funds, expressed excitement about the ETF’s approval and launch.

Canary Capital has officially launched the first-ever pure-play spot XRP ETF in the U.S. The Nasdaq certified the listing of the XRPC ETF, which began trading at the U.S. market open on Thursday. The ETF, XRPC, aims to provide exposure to the native token of the XRP Ledger, focusing on network performance across payment and liquidity protocols.

Nasdaq Certifies XRPC XRP ETF

At 5:30 p.m. ET on Nov. 12, Nasdaq certified the launch of the XRPC XRP ETF. This approval marked one of the fastest through the SEC’s 8(a) automatic-effectiveness process. Canary Capital’s XRPC ETF was made available to investors starting with the market opening on Thursday.

XRPC tracks the performance of the XRP Ledger, built for fast and low-cost cross-border transfers. The ETF reflects XRP’s utility in global payments, facilitating enterprise and fintech adoption. Canary Capital emphasizes the efficiency, scalability, and interoperability that the XRP Ledger offers within distributed finance.

XRPC ETF Gains Momentum with Market Confidence

Canary Capital expressed confidence in XRP’s potential as a leading framework for global payments. “We are excited to go effective with the first single-token spot XRP ETF,” said Steven McClurg, CEO of Canary Funds. McClurg credited the leadership at the SEC for enabling the ETF’s approval.

Introducing XRPC — the Canary XRP ETF

– Provides exposure to the native token of the XRP Ledger
– Built to reflect network performance across payments and liquidity protocols
– Backed by XRP’s established utility in cross-border value transfer
– Designed for efficiency, speed,… pic.twitter.com/8G0GRpcTgg

— Canary Capital (@CanaryFunds) November 13, 2025

XRPC offers a clear view of the XRP Ledger’s role in streamlining payment solutions. The ETF is designed for institutional investors seeking exposure to XRP, aligning with previous successful launches of spot ETPs. Analysts expect the XRPC ETF to attract strong institutional flows, further solidifying XRP’s market presence.

The approval of XRPC underscores growing institutional interest in the XRP ecosystem. Canary Capital is optimistic that the ETF will foster broader acceptance of XRP as a key player in the digital asset space.