Canary Capital’s XRP ETF Set for Nasdaq Debut After SEC Approval

The long-awaited spot XRP ETF has officially received regulatory approval. This marks a historic milestone for both Ripple’s XRP ecosystem and the broader digital asset market. Canary Capital’s Spot XRP ETF, trading under the ticker XRPC. It is set to debut on the Nasdaq Stock Market this Thursday, pending final certification. This marks the first U.S. approved spot ETF fully backed by XRP. It signals a major step toward mainstream institutional access to the token once embroiled in regulatory uncertainty.

SEC Approval Clears the Way

According to filings with the U.S. Securities and Exchange Commission (SEC), Canary Capital submitted its Form 8-A registration statement earlier this week. The document formally registers the ETF’s common shares for listing on Nasdaq under the Exchange Act of 1934.

The fund will hold 100% physical XRP and track its price through the XRP-USD CF Benchmarks Reference Rate Index. It provides a transparent and regulated avenue for investors seeking direct exposure to XRP’s market performance. Canary Capital confirmed that the ETF will carry a 0.50% annual management fee. This aligns it with other recently launched crypto ETFs.

The SEC’s green light for Canary’s filing follows growing momentum in the digital asset ETF landscape. It includes the recent listing of multiple XRP-related products on the Depository Trust and Clearing Corporation (DTCC). These listings from major issuers like Bitwise, Franklin Templeton and CoinShares have fueled widespread anticipation for a full-scale institutional entry into XRP.

XRP Price Surges on ETF Optimism

The market responded swiftly to the news. XRP’s price climbed 12% last week to $0.67. It is extending a broader rally triggered by ETF-related developments and renewed investor optimism. Specifically, the spike reflects mounting expectations that regulated funds will drive deeper liquidity. It is legitimate for XRP in traditional finance.

With the launch of XRPC, Canary Capital joins a growing list of asset managers aiming to bridge digital assets with Wall Street. Analysts say the move could boost XRP’s trading volume and institutional visibility. It is similar to how Bitcoin and Ethereum ETFs reshaped their respective markets earlier this year.

Community Predicts Explosive Growth

Within the XRP community, excitement is reaching fever pitch. Specifically, Digital Ascension Group CEO Jake Claver predicted XRP could reach $100 by the end of 2025 or even $1,500 by early 2026. He cites, as a key factor, the potential flood of institutional capital into ETF markets.

While most analysts view those targets as highly speculative. The sentiment underscores the renewed confidence surrounding XRP’s future. The approval of a U.S. spot ETF represents not just regulatory progress but also a validation of XRP’s role in “ Finance 2.0 .“ A  future where blockchain integrates directly with global financial systems.

A Defining Moment for XRP

As the Canary Capital XRP ETF prepares for its Nasdaq debut. Consequently, many see this as a turning point for Ripple and its token. Indeed, from surviving a years-long legal battle with the SEC to now securing a U.S. listed ETF. XRP’s evolution reflects the broader shift in how regulators and institutions view digital assets. If Thursday’s launch proceeds as expected. XRP will officially join Bitcoin and Ethereum in the ETF era. It is cementing its position as one of the few cryptocurrencies. Also, bridging the gap between crypto markets and traditional finance.