TLDR
As of today, the only standard spot XRP ETF trading in the U.S. is Canary Capitals XRP ETF (ticker XRPC) on Nasdaq, confirmed in a CoinDesk report.
- XRPC launched on 13 Nov with about $58 million first?day volume per Yahoo Finance.
- REX Ospreys XRPR also trades, but it uses a non?standard structure and is not a standard spot ETF, noted by The Block.
- Other issuers like Franklin Templeton, Bitwise, 21Shares, and CoinShares are preparing launches soon per CoinTelegraph coverage.
Deep Dive
1. What Trades Now
Canary Capitals XRP ETF (XRPC) is live on Nasdaq and is the first U.S. product offering standard spot exposure to XRP. It was brought to market after a refile under the Investment Company Act of 1940, which governs the funds structure and custody of the underlying assets, per a CoinDesk report.
On its first day, XRPC recorded about $58 million in trading volume, the top debut among this years ETF launches, according to Yahoo Finance. Some outlets also cited sizable early inflows that signal institutional interest.
If you want a standard spot XRP ETF via a U.S. brokerage today, XRPC is the one that is already trading.
2. XRPRs Different Structure
REX Ospreys XRPR launched earlier in the U.S. via a non?standard route. It can hold XRP, though it allocates a meaningful portion to other XRP?related ETFs, so it is not a plain?vanilla spot ETF under the typical framework, per The Block.
This structure distinction matters for investors who specifically want a pure spot exposure vehicle aligned with the current standard crypto ETF design.
If you need a conventional spot exposure product, verify the funds structure. XRPC aligns with the standard approach, while XRPR takes a hybrid path.
3. Whats Next
Multiple issuers are queuing up. Coverage indicates Franklin Templeton, Bitwise, 21Shares, and CoinShares have products expected to launch soon, potentially within days depending on final steps and exchange listings, according to CoinTelegraph.
Launch timelines can shift with regulatory processing and exchange approvals, but the pipeline suggests growing breadth in XRP ETF options.
More spot XRP ETFs could expand choice and competition on fees and features. If fees, structure, or venue matter, waiting a few days may broaden your options.
Conclusion
Right now, the standard spot XRP ETF trading is Canary Capitals XRPC on Nasdaq, with XRPR also trading under a different structure. Additional spot XRP ETFs from large issuers appear imminent, which could increase investor choice and influence fees and flows as they come to market.
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