Canary's 33 Act Spot XRP ETF (XRPC) Goes Live on Nasdaq
Canary Capital’s spot XRP ETF, ticker XRPC, went live on Nasdaq at the U.S. market open on Nov. 13, 2025 after receiving certification under the 1933 Act framework. The fund is being described as the first pure‑play 33 Act XRP ETF in the U.S., a regulatory milestone that follows heightened scrutiny of XRP and increased demand for regulated crypto exposure from institutional investors. This launch could broaden institutional access to XRP, potentially improving liquidity and price discovery while offering a regulated vehicle for portfolio allocation. Market participants will be watching initial trading volume, spreads, and custody arrangements closely; investors should note that ETF exposure carries market and regulatory risks distinct from holding the token directly. The listing may also influence future filings and approvals for other token-based funds.