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2h ago

First U.S. Spot XRP ETF Launches on Nasdaq as XRPC Draws Heavy Early Trading

Canary Capital’s fund went effective through the SEC’s 8(a) automatic‑effectiveness process and offers custody‑backed XRP exposure tracking the CCIXber XRP‑USD index with a 0.50% fee.

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Canary XRP ETF gets green light for Nasdaq launch tomorrow
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Overview

  • XRPC began trading at the U.S. market open after Nasdaq certified the listing at about 5:30 p.m. ET on Nov. 12.
  • The ETF is the first U.S. exchange‑listed spot product for XRP and trades on the Nasdaq Global Market under ticker XRPC.
  • Custody is provided by Gemini Trust Company and BitGo Trust Company, with U.S. Bancorp Fund Services serving as transfer agent and administrator.
  • Early demand was strong, with roughly $26 million in volume reported within the first 30 minutes of trading, according to market data cited by analysts.
  • On‑chain activity picked up around the launch, with over 21,000 new XRP wallets created in 48 hours and mixed whale flows, while other issuers remain queued with filings and DTCC preparations.