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XRP News Today: XRP ETF Debut Marks Transition Toward Utility-Focused Digital Assets as Regulators Approve a New Phase

XRP News Today: XRP ETF Debut Marks Transition Toward Utility-Focused Digital Assets as Regulators Approve a New Phase

Bitget-RWA2025/11/13 16:38
By:Bitget-RWA

- Canary Capital's XRPC ETF became the first U.S.-listed spot XRP ETF, trading $26M in 30 minutes on Nasdaq. - The launch followed SEC approval via Form 8-A and reflects growing institutional demand for RippleNet's cross-border payment utility. - XRPC outperformed Solana ETF's $56M first-day volume in pre-launch on-chain activity but faces whale profit-taking and mixed technical indicators. - Regulatory clarity post-July 2025 and XRPC's pure spot structure differentiate it from derivative-based XRPR ETFs,

The

ETF sector made a major advance on November 13, 2025, when Canary Capital’s $XRPC ETF started trading on Nasdaq, becoming the first spot XRP exchange-traded fund listed in the United States. The fund launched with an impressive $26 million in trading volume during its first half hour, sparking debate over whether it could surpass Bitwise’s ETF (BSOL), which after its October debut. The introduction of comes after months of regulatory navigation and increasing institutional appetite for XRP exposure. XRP is the native asset of the RippleNet blockchain and .

XRPC ETF received approval after Canary Capital

under Section 8(a) of the Securities Act of 1933, which initiated a 20-day automatic approval window. Nasdaq’s certification on November 12 removed the last regulatory barrier, . This move fits into a larger pattern of alternative cryptocurrency ETFs gaining popularity, . Experts highlight that XRPC’s design— —could appeal to both institutional and individual investors seeking regulated digital asset exposure.

The ETF’s robust debut was supported by notable on-chain activity before its launch.

in the week leading up to the ETF’s introduction, indicating less selling pressure and possible accumulation by long-term holders. However, activity among large investors was mixed: major holders in the two days prior to launch, hinting at profit-taking amid rising market anticipation. Still, the number of active XRP addresses reached a three-month peak, and cumulative volume delta turned positive, .

It’s natural to compare XRPC to Bitwise’s BSOL ETF. While XRPC’s $26 million in first 30-minute volume is less than BSOL’s $56 million on its first day, XRPC stands to benefit from XRP’s established role in global payments and its recent regulatory certainty. The SEC’s guidance from July 2025, which

in secondary markets, has encouraged issuers such as Franklin Templeton, Bitwise, and 21Shares to pursue XRP ETFs. Additionally, XRPC’s format— —is different from the hybrid approach of REX-Osprey’s XRPR ETF, which incorporates derivatives and Treasuries. This difference could attract investors looking for straightforward exposure to XRP’s price.

Technical analysis indicates that XRP’s price may experience short-term swings. The asset was trading near $2.46 at launch, consolidating within a downward wedge pattern, with a potential breakout at $2.88

. Open interest in XRP futures has dropped significantly, and less short-term volatility. At the same time, XRP’s share of the crypto market has grown as Bitcoin’s dominance has declined, .

The future performance of the XRPC ETF will hinge on whether demand is fueled by authentic institutional interest or by expectations already factored into the price.

, such as Bitwise’s BSOL and REX-Osprey’s XRPR, experienced initial spikes followed by profit-taking as traders secured gains. The direction of XRP’s price will also be influenced by broader economic conditions, including Federal Reserve actions and how the crypto market withstands ongoing regulatory oversight.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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