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November 12, 2025 05:24:08 UTC

Canary Capital CEO Predicts XRP ETF Could Outperform Solana

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.

November 12, 2025 05:24:08 UTC

First 33 Act-Compliant Spot XRP ETF Launches Today

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.

November 12, 2025 05:24:08 UTC

First XRP Spot ETF Set to Launch Thursday

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.

NEW: @CanaryFunds has filed its Form 8-A. This is the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing. When that happens, the last hurdle is cleared and the first $XRP spot ETF will be set to launch Thursday at market open. pic.twitter.com/mXvkrrXbiJ

— Eleanor Terrett (@EleanorTerrett) November 11, 2025