Experts Predict US Listing of XRP Spot ETF This Week

Experts Predict US Listing of XRP Spot ETF This Week

The Canary Capital spot XRP ETF will debut on Nasdaq Thursday, marking the first U.S. exchange-listed XRP fund and expanding institutional access beyond Bitcoin and Ethereum.

BTC
ETH
XRP

Fact Check
The assessment is "likely_true" with high confidence based on a strong convergence of evidence from highly authoritative sources. A prominent ETF industry expert and president of The ETF Store has explicitly stated his expectation for the first spot XRP ETF to launch this Thursday. This expert opinion is corroborated by multiple reports from a major, reputable cryptocurrency news outlet, which also indicates that an ETF from Canary Funds could begin trading as early as Thursday, pending final exchange certification.Supporting this timeline, sources confirm that a key procedural step has been completed: the listing of several spot XRP ETFs on the Depository Trust & Clearing Corporation (DTCC) platform. This is widely seen as a necessary precursor to a U.S. launch.However, the assessment is not a certainty due to some conflicting information. One crypto news publication directly challenges the optimistic timeline, arguing that the DTCC listing is being misinterpreted and that expectations for an immediate launch are mistaken. Another highly authoritative ETF-focused website discusses a spot XRP ETF as a future possibility rather than a confirmed immediate event, which introduces a note of caution.Despite these counterpoints, the primary evidence from the most credible and specific sources points strongly toward the statement being true. The direct and specific nature of the claims from the ETF expert and the major news outlet outweighs the more general or interpretive counter-arguments from sources with arguably less specific insight into this particular launch. A highly unreliable social media post making the same claim but with self-contradictory details was disregarded. Irrelevant sources concerning futures-based products or ETFs for other cryptocurrencies were also excluded from the primary analysis. Therefore, the balance of high-quality evidence makes the statement highly probable.
    Reference1
Summary

Nasdaq has certified Canary Capital’s spot XRP ETF, ticker XRPC, for launch at the U.S. market open on Thursday, marking the first U.S. exchange-listed XRP fund. Custodied by Gemini Trust Company and BitGo Trust Company, it will use the CoinDesk XRP CCIXber benchmark for pricing. Analysts expect institutional inflows mirroring earlier spot-crypto ETP adoptions. Ahead of launch, XRP surged 3.28% to $2.48, with trading volume up 31% and over 21,000 new wallets created in 48 hours. Whale wallets holding 1–10M XRP sold about 90 million tokens, introducing short-term supply friction. Technicals remain bullish, with primary support at $2.40 and resistance at $2.52, then $2.59–$2.70.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that holds the underlying asset directly, rather than using derivatives, to track its market price.
  • XRP: A cryptocurrency associated with the Ripple payment network, designed for fast and cost-efficient cross-border transactions.
  • Exchange-Traded Product (ETP): A financial instrument traded on stock exchanges that provides exposure to an underlying asset, index, commodity, or currency.