Spot XRP ETFs to Launch on Nasdaq, Eyeing $10 Billion Inflows

- Canary Capital’s spot XRP ETF aims to debut trading this week on Nasdaq. - Analysts forecast up to $10 billion in institutional inflows within the first month of launch. Canary Capital is set to launch its spot XRP Exchange-Traded Fund (ETF) on Nasdaq, a move that could drive unprecedented institutional inflows and mark a landmark in crypto accessibility. On November 12, 2025, Cointelegraph reported that Canary Capital filed the required Form 8-A with the U.S. Securities and Exchange Commission (SEC). This filing completes the final regulatory step before the ETF’s listing, and market participants anticipate trading will begin as early as this week, setting the stage for significant activity and institutional involvement. Steven McClurg, CEO of Canary Capital, projects that the ETF could attract between $5 billion and $10 billion in capital inflows within its first month of trading. This development aligns with a broader trend, as reports indicate up to nine additional spot XRP funds are also preparing to launch. Consequently, analysts highlight that these advancements will likely enhance institutional access to XRP, which could elevate its price trajectory. In addition, broader macroeconomic catalysts, including recent Federal Reserve interest rate cuts, may further amplify this upward momentum. According to CoinMarketCap data, XRP (XRP) traded at $2.413 as of November 12 at 15:08 UTC. This price reflects a 1.659% decline, while its 24-hour trading volume also dropped by 18.673%.