XRP ETF Approval [Live] Updates

The U.S. SEC has approved Canary Capital’s XRP ETF, which will list on Nasdaq this Thursday. The fund will track the XRP-USD CCIXber Reference Rate Index, charge a 0.50% management fee, and hold custody with Gemini and BitGo. Ahead of the launch, XRP traded around $2.48 after a 10% weekly gain and a 40% rise in volume, though it remains below key moving averages. Meanwhile, BingX has launched AVICI/USDT perpetual futures trading for derivatives investors.

The long-awaited ISO 20022 standard is finally being fully adopted as SWIFT’s coexistence period for MT and ISO 20022 cross-border messages ends this month. First introduced in 2004, the standard requires global banks and institutions to upgrade their systems for digital assets and new technologies. Analysts say this shift could open institutional floodgates for crypto projects like XRP, XLM, and XDC—strengthening their role in global payments and remittances.

XRP once again tested the $2.40–$2.50 range, but analysts say this isn’t rejection, it’s controlled accumulation. Liquidity appears to be building beneath the surface as traders position for a potential breakout. Market watchers suggest that once XRP decisively breaks above $2.65, momentum could accelerate quickly, pushing prices beyond the $3 mark in the near term.

The next 49–72 hours could mark a major shift for XRP. Seed capital inflows between $100 million and $400 million are expected as 11 XRP ETF products move into pre-launch phase with DTCC active status, Form 8-A filings, and in-kind creation approvals. Estimated seed per product ranges from $10 million to $45 million, totaling $110–$495 million in early buying. At XRP’s current $2.40 price, that equals 45–200 million XRP absorbed this week.

JPMorgan estimates that XRP ETFs could attract up to $8 billion in inflows within the first year of launch. With only 3–5 billion XRP currently available on exchanges, analysts warn of a potential supply shock that could drive prices well beyond current levels near $2.50. Depending on the speed of institutional capital inflows, XRP could realistically climb into the $20–$100 range, signaling a major market revaluation ahead.

A newly activated wallet, created just 25 days ago by BitGo, has moved 143,701,579.59693 XRP worth approximately $343.3 million. The multi-signature transaction confirms significant movement on the XRP Ledger, raising speculation about institutional or ETF-related activity. The transfer highlights growing activity and large-scale positioning ahead of the upcoming XRP spot ETF launch.

XRP is expected to remain volatile as long as it remains tied to debt-based speculative assets like Bitcoin. However, analysts believe a major shift could be ahead. Over time, XRP may decouple from broader crypto market trends and evolve into an independent standard designed to absorb and consolidate global financial systems, positioning itself as a cornerstone of future digital finance.

The REXShares $XRPR ETF was the first under the Investment Company (‘40) Act, offering only partial spot $XRP exposure and less efficient tax treatment. In contrast, @CanaryFunds is set to launch the first pure-play ‘33 Act $XRP ETF, providing 100% XRP exposure with no other assets. This marks a significant milestone for investors seeking direct and fully regulated access to XRP in the U.S. market.

Steven McClurg, CEO of Canary Capital, predicts that the upcoming XRP spot ETF could outperform Solana’s gains, potentially doubling its impact. The ETF is set to launch Thursday, following the final regulatory approval from the Nasdaq. This milestone marks a significant moment in crypto adoption, offering investors a direct and regulated way to gain exposure to XRP. Market watchers are keeping a close eye on potential price movements as trading begins.

Just over a year ago, the SEC was appealing a court decision that ruled XRP did not meet the legal definition of a security. Since then, the regulatory landscape for crypto has shifted dramatically. On Thursday, the first ‘33 Act-compliant spot XRP ETF is set to launch, marking a historic milestone for the industry. This launch highlights how quickly crypto regulations and market acceptance have evolved over the past year, offering investors a new way to gain direct exposure to XRP.

CanaryFunds has filed its Form 8-A, marking the final regulatory step before the Nasdaq certifies its listing. Once approved at 5:30 PM ET Wednesday, the path will be clear for the first $XRP spot ETF to go live. Investors can expect the ETF to start trading at market open on Thursday, offering a new way to gain direct exposure to XRP. This launch marks a major milestone for crypto adoption in traditional markets.