Canary Capital Launches First Physical XRP ETF on Nasdaq

Canary Capital Group LLC has received approval from the Nasdaq to launch its first physical XRP ETF, marking a significant milestone for cryptocurrency exchange-traded funds (ETFs). The ETF, expected to debut on November 10, 2025, under CEO Steven McClurg’s leadership, promises increased accessibility for institutional investors. This move signifies a potential shift in the XRP market with analysts anticipating a surge in liquidity, similar to previous altcoin ETFs that saw substantial adoption.