Canary’s Ripple ETF Hits Nasdaq as XRPC Today, Poised to Double Solana’s ETF Boom
The Canary XRP ETF is expected to go live on Nasdaq under the ticker symbol XRPC on November 13.
Quick overview
- The Canary XRP ETF is set to launch on Nasdaq under the ticker symbol XRPC on November 13, 2025.
- This ETF is the first spot XRP exchange-traded fund in the US and is seen as a pivotal moment for XRP.
- The ETF will have a management fee of 0.50 percent and is expected to potentially outperform Solana's initial gains.
- Experts consider this approval a major win for Ripple following years of legal challenges.
Live XRP/USD Chart
The Canary XRP ETF is expected to go live on Nasdaq under the ticker symbol XRPC on November 13. It is anticipated that the XRP ETF could potentially double the gains Solana achieved in its first week.
Nasdaq has confirmed the official listing notice for the Canary XRP ETF. Trading is scheduled to start on November 13, 2025, under the ticker symbol XRPC. As the first spot XRP exchange-traded fund in the US, the announcement represents a turning point for XRP. Canary Capital’s Form 8-A filing was automatically approved by the SEC on November 10. The official listing notice was issued by Nasdaq, according to Eric Balchunas, senior ETF analyst at Bloomberg.
The Nasdaq Global Market will list the ETF with a 0.50 percent management fee.
The comparison to Solana is especially pertinent now that spot Solana ETFs made an outstanding debut in late October. In its first week of trading, Bitwise’s Solana Staking ETF [BSOL] brought in $531 million in net assets. It was introduced on October 28
The fund experienced positive inflows for seven consecutive trading days after opening with approximately $70 million in initial investments. During its launch week, the BSOL ETF outperformed rival cryptocurrency ETFs, with the Bitwise product alone attracting $199 million in new funding. This success occurred despite significant market volatility that led to withdrawals from Bitcoin and Ethereum ETFs during the same period.
The Canary XRP ETF will be based on the XRP-USD CCIXber Reference Rate Index. Custody is managed by Gemini Trust Company and BitGo Trust Company, while Bancorp Fund Services serves as the administrator and transfer agent. Experts view this approval as a significant victory for Ripple after years of legal challenges. The launch marks a new beginning.
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