๐๐๐๐$XRP Hits Wall Street: First US Spot ETF Launches on Nasdaq
The long-awaited institutional embrace of XRP is officially underway. On Thursday, November 13, 2025, investment firm Canary Capital launched the first-ever spot XRP Exchange-Traded Fund (ETF) on the Nasdaq exchange under the ticker XRPC.
This monumental development follows the filing of a Form 8-A with the U.S. Securities and Exchange Commission (SEC), allowing the product to become active. Early reports indicate the first day of trading saw a strong volume for the new fund. For context, Canary Capital CEO Steven McClurg previously estimated that $XRP ETFs could see up to $5 billion in inflows within their first month, a figure that rivals the initial inflows for the first spot Bitcoin ETFs.
๐ฅ Post-Launch Price Action & Context
Despite the overwhelmingly bullish fundamental news, the immediate market reaction has been mixed.
The price of $XRP has experienced a short-term dip due to widespread profit-taking. After a significant rally in the days leading up to the launch (with XRP surging over 11% earlier in the week), analysts are noting spot market outflows of over $60 million as traders lock in gains.
However, the launch itself confirms the view, shared by major figures like Ripple CEO Brad Garlinghouse, that an XRP ETF was "inevitable" following Ripple's partial legal victory against the SEC. Garlinghouse's company also recently secured a $500 million strategic funding round, tripling its valuation to $40 billion, which further solidifies its position in the institutional finance space.
The consensus among analysts is that the ETF's arrival is a bullish catalyst for long-term growth, providing new, regulated access for institutional investors who control trillions of dollars in assets.
