{"id":411154,"date":"2025-11-14T15:21:59","date_gmt":"2025-11-14T09:51:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-surges-as-first-us-spot-etf-debuts-on-nasdaq-crypto-news\/"},"modified":"2025-11-14T15:37:39","modified_gmt":"2025-11-14T10:07:39","slug":"xrp-surges-as-first-us-spot-etf-debuts-on-nasdaq-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-surges-as-first-us-spot-etf-debuts-on-nasdaq-crypto-news\/","title":{"rendered":"XRP Surges as First US Spot ETF Debuts on Nasdaq – Crypto News"},"content":{"rendered":"

<\/p>\n

Canary Capital\u2019s XRPC ETF marks a major milestone for Ripple.<\/p>\n

\n

Ripple\u2019s<\/a> payment network\u2019s native token, XRP, surged on Thursday following the debut of Canary Capital\u2019s spot XRP exchange-traded fund (ETF), which is trading under the ticker XRPC on the Nasdaq<\/a>.<\/p>\n

XRP<\/a> jumped roughly 5% to $2.50 after the ETF\u2019s launch, before retracing slightly to $2.42, still up 3%, according to The Defiant\u2019s price page<\/a>. <\/p>\n

The move builds on week-long momentum, as the token had already rallied nearly 10% over the past seven days amid anticipation for the ETF\u2019s debut. <\/p>\n

XRP Chart<\/figcaption><\/figure>\n

A Ripple Milestone<\/h2>\n

The launch marks the first U.S.-listed spot ETF directly tied to XRP, highlighting the token\u2019s progress toward broader mainstream adoption. <\/p>\n

In its first 30 minutes of trading, the fund drew approximately $42 million in volume. At the time of writing, XRPC is trading at $25.60, down 3.9% from its opening price of $26.60.<\/p>\n

The listing follows the U.S. Securities and Exchange Commission\u2019s approval of Canary\u2019s Form 8-A filing<\/a> earlier this week. BNY Mellon is serving as the fund\u2019s custodian, while Nasdaq will handle daily trading operations. <\/p>\n

The milestone comes after years of legal and regulatory uncertainty for Ripple, which has spilled over onto XRP. The SEC\u2019s five-year long lawsuit<\/a> over whether XRP is a security was officially settled earlier this year after appeals were dropped by both parties. <\/p>\n

Experts told The Defiant at the time that the case signals a shift in the SEC\u2019s approach, moving toward clearer rules instead of relying on enforcement; however, overall U.S. crypto rules still remain uncertain.<\/p>\n

The Rise of the ETF <\/h2>\n

The Securities and Exchange Commission (SEC) approved the first spot Bitcoin (BTC) ETFs in January 2024, representing a significant moment for the cryptocurrency sector. Bitcoin ETFs currently hold $135.8 billion in total net assets, around 6.67% of Bitcoin\u2019s market capitalization.<\/p>\n

In July 2024, Ethereum ETFs marked their debut \u2013 these funds currently have a total net asset of $22.14 billion, or 5.42% of Ethereum Market Cap.<\/p>\n

Most recently, the first U.S.-based Solana ETFs debuted on Oct. 28, with the launch of the Bitwise Solana Staking ETF (BSOL) and the Grayscale Solana Trust (GSOL).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Canary Capital\u2019s XRPC ETF marks a major milestone for Ripple. Ripple\u2019s payment network\u2019s native token, XRP, surged on Thursday following the debut of Canary Capital\u2019s spot XRP exchange-traded fund (ETF), which is trading under the ticker XRPC on the Nasdaq. XRP jumped roughly 5% to $2.50 after the ETF\u2019s launch, before retracing slightly to $2.42, […]<\/p>\n","protected":false},"author":2,"featured_media":411159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-411154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=411154"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411154\/revisions"}],"predecessor-version":[{"id":411162,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411154\/revisions\/411162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/411159"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=411154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=411154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=411154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}