The First XRP ETF Launch on November 13: Canary Capital’s Canary XRP ETF Set to Debut
The Moment XRP Fans Have Waited For: Canary Capital’s ETF Goes Live
After years of SEC delays, lawsuits, and regulatory hurdles, the first 100% spot XRP ETF is poised to launch in the U.S. on November 13, 2025. Canary Capital’s Canary XRP ETF (ticker: XRPC) has cleared key milestones, including the removal of a “delaying amendment” from its S-1 filing on October 24, 2025, and Nasdaq’s approval of the Form 8-A on November 10. Trading is expected to begin at market open on Nasdaq, pending final SEC clearance, which experts like Bloomberg’s Eric Balchunas call a “done deal” barring surprises. For crypto newcomers, a spot XRP ETF means investors can buy Ripple’s token through traditional brokerage accounts, like stocks, without managing wallets or exchanges. As journalist Eleanor Terrett reported on X, this auto-effective mechanism ,used successfully for recent Solana, Litecoin, and Hedera ETFs – sets the stage for XRPC’s debut.
Navigating the Road to Approval: From Delays to Auto-Effective Magic
The journey wasn’t smooth. The SEC delayed decisions on XRP ETFs for months, citing Ripple’s ongoing lawsuit (resolved in Ripple’s favor in 2023). But the U.S. government shutdown opened a loophole: Canary Capital (followed by others like Bitwise and Franklin Templeton) removed the delaying amendment, triggering a 20-day auto-effective window under Section 8(a) of the Securities Act. No SEC objections? The ETF goes live. As Balchunas noted, “XRP docs didn’t have the same back-and-forth as Solana,” smoothing the path. This follows a wave of altcoin ETFs: Solana’s BSOL hit $72M in volume on day two, HBAR $8M, and Litecoin $1M. REX-Osprey’s XRPR (launched September 2025) already drew inflows. SEC Commissioner Paul Atkins praised the auto-effective route during the shutdown, signaling openness. For XRP, with 20+ pending filings (Grayscale, 21Shares, CoinShares), Canary’s first-mover status could capture billions – Bitwise CIO Matt Hougan predicts “a billion-dollar fund in months.”
XRP Whales Sell Off: Buy the Rumor, Sell the News?
Excitement is tempered by whale behavior. XRP holders accumulated post-2024 election, fueling surges to $3.65 ATH in July 2025. But since late October, they’ve dumped: 900,000 XRP in five days, then 90 million more by November 11. Analyst Ali Martinez shared on-chain data showing this “sell-the-news” pattern ahead of the ETF. As XRP traded at $0.58 (down 2% pre-launch), some fear a post-debut dip – like Solana’s 5% after its ETF. Yet, optimism persists: XRPR’s success hints at inflows. As Xaif Crypto tweeted, “Spot $XRP ETF from @CanaryCap goes live Nov 13. Institutions are waking up.” For long-term holders, the ETF validates XRP’s utility in payments, potentially targeting $10 if demand mirrors Bitcoin’s ETF boom.
What This Means for XRP Investors: Opportunity Amid Volatility
A Canary XRP ETF offers regulated exposure, no direct custody risks. It’s a pure-play 33 Act product (100% XRP), unlike REX-Osprey’s partial XRPR under the ’40 Act. As Terrett clarified, XRPC’s tax efficiency edges it out. With Nasdaq’s ticker ready (XRPC), and no SEC red flags, November 13 could spark a rally, or a shakeout if whales exit. Broader context: Over 200 digital asset ETFs expected in 12 months, per experts. For $XRP (market cap $32B), it’s validation post-SEC win.
The Road Ahead: XRP’s ETF Era Begins
In short, November 13 isn’t just a date – it’s XRP’s Wall Street breakthrough. Canary’s launch could draw billions, but watch whale moves. As Ripple Bull Winkle tweeted, “Get ready. #XRP #CryptoETF.” Platforms like Lumexo make trading low-fee and easy. The rebellion evolves, from code to capital.