XRP News Today: XRP ETF Establishes a Regulated Route for Widespread Crypto Adoption
- Canary Capital's XRPC ETF becomes first U.S. spot XRP fund under securities law, clearing SEC approval via Form 8-A on November 10, 2025. - Charging 0.50% fees with U.S. Bank/Gemini custodians, the ETF offers direct XRP exposure unlike offshore-linked predecessors, reducing counterparty risks. - XRP surged 10% pre-approval as whales withdrew 10M tokens, while analysts predict $2.70–$3.00 price targets if institutional inflows persist post-launch. - Despite SEC's $125M fine against Ripple, the ETF's regul
Canary Capital’s Spot
Managed by Canary Capital, the ETF comes with a 0.50% management fee—higher than Bitwise’s 0.34%—and is directly linked to the XRP-USD CCIXber Reference Rate Index, as detailed in an
Market responses have been varied. XRP jumped 10% in the week before the approval, peaking at $2.48 before a slight pullback, according to a
The approval of the XRP ETF is part of a larger trend in the industry. More than nine funds tied to XRP, including Teucrium’s 2x Long Daily XRP ETF and ProShares Ultra XRP ETF, have experienced consistent inflows, according to the
Nonetheless, obstacles persist. The SEC’s recent $125 million penalty against Ripple for unregistered securities sales in 2025 raises concerns about long-term adoption, as reported in a
With XRP trading close to $2.45 and the RSI holding steady at 42.4, the market seems set for increased volatility, as noted in a
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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