The first Ripple (XRP) spot ETF is expected to launch today or tomorrow on the Nasdaq. Can we expect the price of XRP to rise, given the rather gloomy outlook for cryptocurrencies?
The first XRP spot ETF is expected to launch today or tomorrow
Ripple’s XRP is currently the fourth most capitalized cryptocurrency. The arrival of an XRP spot ETF, similar to those offered on Bitcoin or Ethereum, for example, is therefore being closely watched.
The first XRP spot ETF could land on the Nasdaq in the coming hours. It is a fund backed by Canary Funds.
On Tuesday, the firm filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC). This was the final step in the approval process, which means that the ETF could be launched today or tomorrow, according to Bloomberg analyst Eric Balchunas:
Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday). Thursday was the day we thought they’d be on track for but when they did the 8A for HBAR they launched the next day. Not done deal but all boxes being checked. Stay tuned.. pic.twitter.com/gVt9c3psmu
— Eric Balchunas (@EricBalchunas) November 11, 2025
Is an increase in the price of XRP on the horizon?
The price of XRP did not react to this announcement… On the contrary. The cryptocurrency is down 1.9% over the last 24 hours, although it remains up 8.2% over the week. This hesitation is typical of the current market, which is not giving a clear direction to the main cryptocurrencies.
The arrival of spot ETFs for Bitcoin (BTC) and Ether (ETH) led to a rise in prices, reaching record highs in recent months. XRP holders are therefore hoping for a similar effect for Ripple’s cryptocurrency.
However, this is far from guaranteed. Since rumors of a spot ETF approval in the summer of 2025, the price of XRP has already jumped 30-40%. It is possible that the hoped-for rise has already occurred.
Things to keep in mind
It should also be remembered that while ETFs have supported the price of Bitcoin, most of the increase occurred before their official approval. BTC had gained nearly 70% in the previous months… Before correcting by about 15% in the following two weeks. This is a scenario that XRP investors would do well to keep in mind. Another uncertainty is that the expected inflows will likely be much lower than for Bitcoin and Ether. The mass effect is therefore not guaranteed. Here, as elsewhere, it is institutional investors who will set the tone.
There is no doubt that the arrival of an XRP spot ETF is a major symbolic step for Ripple. But the real impact on the price is less clear at this stage than for some of its competitors. Especially since the cryptocurrency market is currently hesitant. In a nutshell: it is probably a game of patience that investors will have to play.
