The first spot XRP ETF, launched by Canary Capital Group on Nasdaq under the ticker XRPC on November 13, 2025, provides investors with direct exposure to XRP through regulated shares. It holds physical XRP in cold storage, tracks the CoinDesk XRP Price Index, and features an expense ratio of 0.50%, simplifying access amid growing institutional interest.
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XRPC debuted with $58.6 million in first-day trading volume, the highest for any ETF in 2025, surpassing Solana’s launch.
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Net inflows reached $245 million shortly after launch, driven by institutional demand from banks and hedge funds seeking XRP exposure without custody hassles.
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XRP’s market cap stands at $136.84 billion as of November 14, 2025, with 24-hour trading volume at $7.56 billion, per CoinMarketCap data.
Discover the launch of the spot XRP ETF on Nasdaq, inflows topping $245M, and market impacts. XRP dips to $2.27 amid volatility—explore investment opportunities in this pivotal crypto milestone today.
What is the Spot XRP ETF?
The spot XRP ETF, known as XRPC, is an exchange-traded fund that Canary Capital Group introduced on the Nasdaq exchange on November 13, 2025, marking the first such product in the United States for XRP. It allows investors to gain exposure to the XRP cryptocurrency through traditional brokerage accounts without the need for direct ownership or wallet management. The ETF holds actual XRP tokens in secure cold storage, with custodians Gemini Trust Company and BitGo ensuring safekeeping, and it adheres to the Investment Company Act of 1940 for regulatory compliance.
How Has the XRP ETF Performed Since Launch?
The XRPC ETF experienced a strong debut, recording $58.6 million in first-day trading volume on Nasdaq, which exceeded analyst expectations and outpaced the $57 million volume from Bitwise’s Solana ETF launch. Bloomberg ETF analyst Eric Balchunas noted that this performance surpassed his $17 million prediction, positioning XRPC as the top ETF debut of 2025. Net inflows quickly climbed to $245 million, primarily from institutional investors like banks, hedge funds, and asset managers attracted to XRP’s utility in cross-border payments and blockchain applications. This momentum rivals BlackRock’s Ethereum ETF launch, which saw $266.5 million in inflows, highlighting XRP’s appeal despite Canary Capital’s relatively smaller scale compared to industry giants. The ETF’s structure, including an annual expense ratio of 0.50% with no waivers, has been praised for its transparency in updated S-1 filings that detail custody protocols and risk disclosures. As of November 14, 2025, the fund aims for $500 million in assets under management by December, with CEO Steven McClurg projecting potential first-month inflows up to $5 billion across similar XRP products. This launch follows Ripple’s regulatory milestones, including an August 2025 SEC settlement resolving allegations of unregistered securities sales and a 2023 court ruling that classified most XRP sales as non-securities, paving the way for broader institutional adoption.
Frequently Asked Questions
What Regulatory Clearances Enabled the Launch of the XRP ETF?
The XRP ETF launch was facilitated by key regulatory developments, including Nasdaq’s certification of the listing on November 12, 2025, and Ripple’s settlement with the SEC in August 2025, which addressed long-standing allegations of unregistered securities sales. These clearances, building on Ripple’s 2023 partial court victory, confirmed that most XRP transactions do not qualify as securities, allowing compliant ETF structures under the Investment Company Act of 1940.
Why Is XRP Experiencing Volatility After the ETF Launch?
XRP’s price dipped to $2.27 on November 14, 2025, reflecting a 9.29% decline over 24 hours amid broader market pullbacks driven by macro risks and over $960 million in crypto liquidations, according to CoinMarketCap. Analysts attribute additional pressure to pre-launch whale sales of approximately 90 million tokens, though XRP remains above key support levels near its 365-day moving average and shows resilience compared to Bitcoin’s 6.40% drop and Ethereum’s 9.89% decline.
Key Takeaways
- Historic Debut: The XRPC ETF’s $58.6 million first-day volume sets a 2025 record, signaling strong demand for XRP exposure in traditional markets.
- Institutional Appeal: With $245 million in inflows, the fund attracts major players seeking XRP’s blockchain utility without operational complexities.
- Market Resilience: Despite a 9.29% price dip to $2.27, XRP’s $136.84 billion market cap underscores its position amid regulatory progress and future growth potential.
Conclusion
The launch of the spot XRP ETF represents a significant step forward for XRP’s integration into mainstream finance, bolstered by regulatory wins from the SEC and Nasdaq that affirm its non-security status for most sales. With robust inflows and expert endorsements highlighting XRP’s role in global blockchain systems, this development enhances accessibility for investors navigating crypto’s volatile landscape. As institutional adoption accelerates, staying informed on XRP ETF performance will be crucial—consider evaluating your portfolio’s exposure to emerging opportunities in this evolving market.
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