XRP ETF News [Live] Updates

The REXShares $XRPR ETF was the first under the Investment Company (‘40) Act, offering only partial spot $XRP exposure and less efficient tax treatment. In contrast, @CanaryFunds is set to launch the first pure-play ‘33 Act $XRP ETF, providing 100% XRP exposure with no other assets. This marks a significant milestone for investors seeking direct and fully regulated access to XRP in the U.S. market.

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.

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.

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.