After Bitcoin, ether, and Solana, XRP has officiallyjoined the exchange-traded fund universe. Canary Capital’s launch of the firstU.S. spot XRP ETF gives investors direct exposure to the token behind Ripple’spayment network — without the need to manage crypto wallets or exchanges.Digital assets meet tradfi in London at the fmls25Canary Capital’s fund, trading under the ticker XRPCon the Nasdaq, is the first U.S.-listed product offering spot exposure to XRP.The move follows the firm’s refiled application under the Investment CompanyAct of 1940, which requires strict custodial oversight of underlying cryptoassets.Notably, the announcement is yet to boost the price ofXRP token, which is down 0.35% in the past day, but up more than 5% in theweekly chart, according to CoinMarketCap.A New Chapter for Crypto ETFs“XRP is one of the most established and widely useddigital assets in the world, accessibility to XRP through an ETF will enablethe next wave of adoption and growth in a critical blockchain system,” saysSteven McClurg, the CEO of Canary Capital commented. The XRPC fund allows investors to access XRP throughstandard brokerage accounts, offering a simplified entry point for exposure tothe asset’s price and yield features.Introducing XRPC — the Canary XRP ETF- Provides exposure to the native token of the XRP Ledger- Built to reflect network performance across payments and liquidity protocols- Backed by XRP’s established utility in cross-border value transfer- Designed for efficiency, speed,… pic.twitter.com/8G0GRpcTgg— Canary Capital (@CanaryFunds) November 13, 2025Unlike proof-of-stake tokens such as Ethereum orSolana, XRP operates on its own consensus mechanism. Yet the ETF incorporatesyield characteristics linked to the blockchain’s transaction activity — adesign that blends income potential with spot exposure.The XRP price has edged higher in recent days, tradingaround $2.46, up nearly 8% over the past week, outperforming most majorcryptocurrencies.From Payments Network to Investment VehicleOriginally designed to facilitate fast and inexpensivecross-border transactions, XRP powers the XRP Ledger (XRPL) — a system capableof handling thousands of transactions per second. The network settles paymentsin seconds and has operated reliably since 2012, with minimal energy use andlow fees.“We believe XRP will play a key role in the evolutionof our global financial system,” added McClurg. “It’s a bridge betweentraditional finance and the blockchain economy, built for scale, and realenterprise utility. XRPC allows investors to participate in the prospects ofthat evolution.”Canary Capital’s launch follows filings from othermajor asset managers, including Bitwise, Franklin Templeton, and 21Shares, signalingdeepening competition in the crypto ETF space.As the market matures, the arrival of an XRP spot ETFhighlights the growing demand for digital assets with real-world applications andthe push to make them accessible within traditional financial frameworks.This article was written by Jared Kirui at www.financemagnates.com.