XRP Joins ETF Market as Canary Capital Debuts First U.S. Spot Fund

After Bitcoin, ether, and Solana, XRP has officially
joined the exchange-traded fund universe. Canary Capital’s launch of the first
U.S. spot XRP ETF gives investors direct exposure to the token behind Ripple’s
payment network — without the need to manage crypto wallets or exchanges.

Digital assets meet tradfi in London at the fmls25

Canary Capital’s fund, trading under the ticker XRPC
on the Nasdaq, is the first U.S.-listed product offering spot exposure to XRP.
The move follows the firm’s refiled application under the Investment Company
Act of 1940, which requires strict custodial oversight of underlying crypto
assets.

Notably, the announcement is yet to boost the price of
XRP token, which is down 0.35% in the past day, but up more than 5% in the
weekly chart, according to CoinMarketCap.

A New Chapter for Crypto ETFs

“XRP is one of the most established and widely used
digital assets in the world, accessibility to XRP through an ETF will enable
the next wave of adoption and growth in a critical blockchain system,” says
Steven McClurg, the CEO of Canary Capital commented.

The XRPC fund allows investors to access XRP through
standard brokerage accounts, offering a simplified entry point for exposure to
the asset’s price and yield features.

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

Unlike proof-of-stake tokens such as Ethereum or
Solana, XRP operates on its own consensus mechanism. Yet the ETF incorporates
yield characteristics linked to the blockchain’s transaction activity — a
design that blends income potential with spot exposure.

The XRP price has edged higher in recent days, trading
around $2.46, up nearly 8% over the past week, outperforming most major
cryptocurrencies.

From Payments Network to Investment Vehicle

Originally designed to facilitate fast and inexpensive
cross-border transactions, XRP powers the XRP Ledger (XRPL) — a system capable
of handling thousands of transactions per second. The network settles payments
in seconds and has operated reliably since 2012, with minimal energy use and
low fees.

Read more: How Low Can XRP Go? Death Cross XRP Price Prediction Signals 50% Drop Risk

“We believe XRP will play a key role in the evolution
of our global financial system,” added McClurg. “It’s a bridge between
traditional finance and the blockchain economy, built for scale, and real
enterprise utility. XRPC allows investors to participate in the prospects of
that evolution.”

Canary Capital’s launch follows filings from other
major asset managers, including Bitwise, Franklin Templeton, and 21Shares, signaling
deepening competition in the crypto ETF space.

As the market matures, the arrival of an XRP spot ETF
highlights the growing demand for digital assets with real-world applications and
the push to make them accessible within traditional financial frameworks.

This article was written by Jared Kirui at www.financemagnates.com.



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