Canary Capital to Launch First-Ever Spot XRP ETF on November 13th

Investment company Canary Capital is on track to finally launch its spot XRP exchange-traded fund (ETF) in the United States.

After Canary Capital filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC), experts projected that November 13th could be the launch date for the XRP-based investment vehicle.

Incoming XRP ETF

According to the filing, Nasdaq will be the stock exchange that will host the XRP ETF under the ticker symbol XRPC.

An XRP ETF would enable American investors to gain exposure to the price movement of Ripple’s flagship cryptocurrency, XRP. This way, investors can hold financial products backed by actual XRP coins while benefiting from the regulatory guardrails that traditional financial institutions follow.

Recall that Canary Capital was among the first to apply for a spot XRP ETF as far back as October 2024. Around that time, the resolution of the SEC vs. Ripple legal dispute was gradually reducing. In August 2025, the five-year lawsuit between the duo was finally resolved.

After months of back-and-forth with the SEC, Canary Capital has secured an auto-effective approval to offer its XRP ETF to Americans. Crypto journalist Eleanor Terrett added that upon Nasdaq’s certification of XRPC’s listing, it would go live on November 13th “at market open.”

So as not to raise the hopes of onlookers too high, Bloomberg ETF analyst Eric Balchunas stressed:

“Not done deal but all boxes being checked.”

XRP ETF to Double Solana

In a recent interview with The Paul Barron Network, Steven McClurg, founder and CEO of Canary Capital, projected that the incoming XRP ETF will double the performance of the Solana ETF in its first week.

He took into consideration the platform’s current traded volume, assets under management (AUM), and the difference in the market capitalization of XRP and SOL. Presently, XRP has a market cap of $146.15 billion, which is substantially higher than SOL’s $88 billion.

McClurg also highlighted that XRP is mainly designed for institutional investors, whereas Solana serves retail investors. According to the Canary Capital CEO, having such a target audience could play a key role in driving growth in XRP ETF adoption.

Get Trending Crypto News as It Happens. Follow CoinTab News on X (Twitter) Now