- Launch conducted by Canary Capital on Nasdaq.
- The ETF is custodied by Gemini Trust Company and BitGo Trust Company.
- XRP price increased by 3.28% to $2.48.
- 216 million XRP withdrawn from exchanges, signaling long-term holder accumulation.
- XRP’s futures-based ETFs show strong market appetite.
Canary Capital launched the first US spot XRP ETF on Nasdaq on November 13, 2025, drawing $58 million in first-day trading with regulatory approval.
The successful ETF launch spotlights XRP’s market prominence, triggering significant institutional interest and reshaping cryptocurrency asset rotation with increased trading volumes and market dynamics.
The ETF, custodied by Gemini Trust Company and BitGo Trust Company, was launched on November 13, 2025. Nasdaq and SEC approvals facilitated this listing, highlighting Canary Capital’s legal and compliance prowess.
The launch sparked institutional flows into XRP and related assets, causing a 3.28% increase in XRP’s price to $2.48. The trading volumes also rose by 31%, demonstrating heightened market activity and investor repositioning. Financial analysts predict billions in inflows for XRP ETFs by month-end. This pattern mirrors earlier responses to Bitcoin and Ethereum ETF approvals, suggesting strong institutional demand for crypto ETPs.
Over 216 million XRP, equivalent to approximately $556 million, have been withdrawn from exchanges, indicating long-term holder accumulation and ETF preparations. The sector rotation is seen, with XRP gaining market share as Bitcoin loses dominance. XRP’s futures-based ETFs demonstrated strong market appetite. This historical precedent indicates potential future inflows and increased volatility following Canary Capital’s spot launch. XRP stands as a key beneficiary, with implications for BTC and ETH.
