Overview
- Nasdaq certified Canary Capital’s XRPC after a Form 8‑A filing triggered Section 8(a) automatic effectiveness, clearing trading to begin Nov. 13 at the U.S. market open.
- Early interest was strong, with roughly $26 million in volume in the first 30 minutes and full‑day totals reported between about $36 million and $58 million across data sources.
- The ETF holds XRP directly and tracks the CCIXber XRP‑USD reference rate, with custody by Gemini Trust Company and BitGo Trust Company and U.S. Bancorp Fund Services as administrator.
- XRP showed intraday volatility around the debut, generally trading in the $2.39–$2.52 range, as on‑chain data pointed to a jump in new wallets and mixed whale activity including pre‑launch selling.
- Competing spot XRP products from major issuers such as Bitwise, Franklin Templeton, 21Shares, CoinShares, Grayscale, and WisdomTree remain in the pipeline.