XRP Goes Mainstream: First-Ever US Spot XRP ETF Approved—Trading Starts Tomorrow

Canary Capital's spot XRP exchange-traded fund (ETF), ticker XRPC, received regulatory approval on November 12, 2025, after Nasdaq certified its listing, paving the way for trading to commence the following day. The approval was achieved via the auto-effective registration process under Section 8(a) of the Securities Act of 1933, with Nasdaq Regulation submitting the final certification to the SEC. This launch marks a significant milestone for XRP, establishing the first spot XRP ETF on a US exchange, following similar launches for altcoins like Solana and Litecoin, which have shown strong institutional interest.

On-chain data presents mixed signals: while exchange supply reduction suggests holding behavior, large holders (whales) and long-term holders have recently sold significant amounts of XRP, potentially anticipating a 'sell the news' event. Concurrently, active addresses are at three-month highs, indicating rising retail engagement. Technically, XRP is trading near $2.39, with analysts suggesting a potential rally toward $5 if institutional inflows are strong, though historical ETF launches suggest caution regarding immediate post-launch price action due to profit-taking.

Eleven XRP ETF products are now listed on the DTCC website from major firms, reflecting growing institutional confidence following the SEC's comprehensive 2025 guidance on crypto ETPs. The market's immediate reaction will depend on whether the positive news is already priced in, with key technical levels at $2.88 for a breakout and $2.31 for support.

(Source：BeInCrypto)