The U.S. Securities and Exchange Commission (SEC) has allegedly approved the first-ever XRP Spot Exchange-Traded Fund (ETF), marking a historic milestone for Ripple and the broader crypto market. The newly approved Canary XRP ETF is reportedly set to debut on Nasdaq this Thursday, November 13, 2025, opening the door for institutional investors to gain regulated exposure to XRP for the first time.
The approval means a new chapter for XRP, which has long been viewed as one of the most institution-focused digital assets. According to market analysts, this ETF could bring billions of dollars in new inflows from traditional finance, similar to what happened with Bitcoin and Ethereum ETFs earlier this year.
The Canary Capital CEO described the launch as the start of “a floodgate moment” for XRP, suggesting that once the first ETF goes live, more issuers will quickly follow. Major asset managers such as Franklin Templeton, Bitwise, Grayscale, WisdomTree, and CoinShares already have pending XRP ETF filings under review.
In an interview with Paul Barron, the Canary Capital CEO predicted that XRP could outperform Solana’s ETF launch, which saw some of the highest inflows among digital asset funds this year.
He said that while Solana appeals more to retail traders, XRP’s strong presence in financial services and enterprise sectors makes it more attractive to institutional investors.
“Even though XRP’s market cap is only about 50% higher than Solana’s, we expect its inflows to be double or even triple due to institutional demand,” he said.
Market strategists are already predicting significant demand. Some experts predict up to $20 billion in inflows over the next 12 months, while others expect XRP’s price to benefit from a “supply shock” as ETFs begin buying tokens directly from the open market.
Jake Claver has said that XRP could reach between $10 and $20 within months if inflows mirror those seen with Bitcoin’s ETF debut earlier this year. “If the same trend repeats, XRP could climb from $2.50 to above $10 within 25 days,” Claver said.
The XRP community has long awaited this moment, especially after years of regulatory uncertainty. The approval represents not just progress for Ripple, but also a broader sign that U.S. regulators are opening up to more crypto assets beyond Bitcoin and Ethereum.
With multiple XRP ETFs now lined up for review, Thursday’s listing could mark the beginning of a new growth phase for XRP — and possibly a major turning point for the entire digital asset market.
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