BREAKING: Official Listing Notice Published for XRP Spot ETF, Launch Confirmed for Tomorrow
The first spot XRP ETF, symbol NASDAQ:XRPC, launched by Canary Capital, is confirmed to begin trading on November 13 with a 0.50% management fee. This ETF provides indirect access to XRP for investors without needing a crypto wallet or exchange account, purchasable through traditional brokerages like Fidelity. Approved under the Securities Act of 1933, it offers some regulatory protections, but its performance depends on XRP price movements. Subsequent ETF launches are scheduled between November 14-22 by Franklin Templeton, Bitwise, 21Shares, and CoinShares.
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Launch Confirmation for the First Spot XRP ETF
The launch of the first spot ETF for XRP has now been confirmed. “With the official listing notification from Nasdaq, it is now certain that XRPC will begin trading tomorrow,” Bloomberg analyst Eric Balchunas said. The ETF will be issued by Canary Capital and will trade under the symbol NASDAQ:XRPC.
Launch Date and Management Fee Details
According to the likely schedule, the XRP ETF will be launched by Canary Capital on November 13 with a 0.50% management fee. Following this:
- November 14–18: Franklin Templeton's appeal will take place.
- November 19–20: Bitwise will launch an ETF with a 0.34% fee.
- November 20–22: 21Shares and CoinShares are scheduled to launch their ETFs.
Accessibility for Traditional Investors
Canary's XRP ETF will provide investors with indirect access to XRP without the need to open a crypto wallet or create an exchange account. The ETF will be available for purchase through traditional brokerages like Fidelity, making it accessible to a broader range of investors.
Regulatory Protections and Investment Risks
This ETF offers investors certain regulatory protections, being the first spot XRP fund approved under the Securities Act of 1933. However, the fund's performance will be heavily dependent on XRP price movements. It is important to note that investors will not own the cryptocurrency directly but instead through a partnership with the fund that holds the coins.
Important Disclaimer
This is not investment advice.