Canary Capital to Introduce XRP ETF Following Litecoin and Hedera Launches

Upcoming XRP ETF Launch by Canary Capital

Canary Capital is poised to unveil a spot XRP exchange-traded fund (ETF) next week. This move follows the successful introduction of their Litecoin and Hedera ETFs, as confirmed by CEO Steven McClurg during a panel at Ripple Swell 2025.

Key Insights

• Canary Capital is expanding its ETF offerings with a spot XRP ETF, capitalizing on the recent approval of generic listing standards.
• The new regulatory framework allows asset managers to launch ETFs after six months of futures activity for a token, facilitating faster approvals through a no-delay amendment.

McClurg detailed the regulatory process, stating that the filing can be made effective automatically in 20 days if a no-delay amendment is filed. This approach was previously utilized for the Litecoin and Hedera ETFs, which launched last week. The XRP ETF filing followed the same procedure, submitted 20 days before November 13.