Cryptocurrency asset management firm Canary Capital has announced the launch of XRPC, the first-ever spot XRP exchange-traded fund (ETF) in the United States.
The ETF was listed on the NASDAQ on November 14, 2025, marking the first product to offer investors direct exposure to XRP.
Market interest was strong from the opening day. Within the first three hours of trading, XRPC recorded $36 million(approximately ¥5.5 billion) in volume, a performance approaching that of the Solana ETF BSOL, which debuted earlier this year with around $69 million in first-day volume.
XRP is the native token that underpins Ripple’s global payment network, and is one of the most widely used cryptocurrencies worldwide. Unlike assets designed primarily as speculative stores of value, XRP was built with a focus on real-world utility. Operating on the XRP Ledger, it enables low-cost, near-instant settlement in just a few seconds.
Having been in operation since 2012, XRP has established a long track record. In recent years, regulatory uncertainties surrounding the asset have gradually eased, paving the way for greater adoption among institutional investors. Against this backdrop, the introduction of a spot XRP ETF has garnered significant attention across both the cryptocurrency industry and the broader financial markets.
