What to Know:
- Canary Capital is close to launching a spot XRP ETF in the U.S. after completing the final regulatory step.
- The Canary XRP ETF aims to be the first pure-play XRP ETF, offering 100% exposure to XRP.
- The launch of spot XRP ETFs could signal increasing acceptance of XRP and other cryptocurrencies by traditional financial markets.
The potential launch of a spot XRP ETF has generated excitement within the cryptocurrency community, particularly among XRP enthusiasts. Canary Capital’s spot XRP ETF is poised to begin trading in the United States after fulfilling the final regulatory requirement for exchange listing. This move could mark a significant milestone for XRP and the broader digital asset market.
The filing of Form 8-A by Canary Capital for its spot XRP ETF represents a crucial step towards making the fund available to investors. Crypto journalist Eleanor Terrett noted that this filing is the last hurdle before the ETF can be listed on Nasdaq. Approval would open the door for a new investment vehicle providing direct exposure to XRP.
The @REXShares $XRPR ETF came first under the Investment Company (‘40) Act with *partial* spot $XRP exposure and less efficient tax treatment.
But @CanaryFunds is set to launch the first pure-play 33 Act $XRP ETF with 100% XRP, nothing else. https://t.co/lkV2iAHzXm
— Eleanor Terrett (@EleanorTerrett) November 11, 2025
While REX Shares launched an XRP ETF (XRPR) in September, it’s important to note the differences between the two products. The REX-Osprey XRP ETF was launched under the Investment Company Act of 1940, offering only partial spot exposure to XRP. The Canary fund, structured under the 1933 Securities Act, aims to provide 100% exposure to XRP.
The introduction of spot Bitcoin ETFs has already impacted the market, and a spot XRP ETF could follow a similar trajectory. Increased accessibility through ETFs may attract a broader range of investors, potentially driving up demand for XRP. This development could also encourage further regulatory clarity around cryptocurrencies.
The potential launch of a spot XRP ETF by Canary Capital represents a notable development for XRP and the cryptocurrency market. As the regulatory landscape evolves and institutional interest in digital assets grows, the introduction of such products could play a vital role in shaping the future of crypto investing.
Source: Original article
