The first XRP-based exchange-traded fund is launching in the US.
Date: 2025-11-14 Author: Gabriel Deangelo Categories: BUSINESS
Canary Capital recently filed a Form 8A with the SEC, which, according to Bloomberg Intelligence senior analyst Eric Balchunas, is the final step before the new ETF begins trading. Eleanor Terret, host of the Crypto in America podcast, noted that such a filing typically signals the imminent launch of an ETF.
Against this backdrop, several large asset managers—Franklin Templeton, Bitwise, ProShares, and CoinShares—have updated their SEC filings and may follow Canary Capital's lead by launching their own XRP-linked ETFs.
The price of XRP has risen 3.13% over the past 24 hours, reaching $2.41, with a market capitalization of $145.3 billion. The coin has seen a 300% gain in 2025, largely driven by anticipation of the ETF launch. Despite this, the current price is still approximately 30% below its all-time high of $3.65, which was reached in July. Canary Capital CEO Stephen McClurg previously predicted that investors could pour approximately $5 billion into the fund within the first month of the ETF launch.
The launch of XRPC coincided with the end of the longest federal government shutdown in history, which temporarily suspended the work of a number of government agencies, including the SEC.
It's worth noting that Canary Capital has already filed applications to register exchange-traded funds linked to Solana and US President Donald Trump's TRUMP coin. These moves demonstrate the company's growing interest in creating new financial products based on popular cryptocurrencies.
The launch of the first XRP ETF in the US could be a significant milestone for the country's cryptocurrency market, stimulating institutional investor interest and further legitimizing digital assets. This development also opens new opportunities for other funds to follow Canary Capital's lead and offer their own XRP-based products to the market.
In the coming months, investors will be focused on the price dynamics of XRP and the market reaction to the ETF's launch. A successful launch of the XRPC fund could set the tone for future crypto investment initiatives, strengthening XRP's position among the leading digital assets.
