- Canary’s XRP ETF has its SEC registration filing and Nasdaq listing in place, so trading can start as soon as Thursday
- JPMorgan sees $3B to $8B in first-year XRP ETF inflows, which could strain the 3–5B XRP sitting on exchanges
- Ripple is adding policy links and ISO 20022 adoption is peaking, giving institutions more reasons to plug into XRP
XRP is gaining momentum in the lead-up to the launch of the first spot XRP exchange-traded fund (ETF) in the United States. The Securities and Exchange Commission (SEC) has approved Canary Capital’s ETF listing on Nasdaq, with trading scheduled to begin on Thursday. The fund will track the XRP-USD CCIXber Reference Rate Index, charge a 0.50% management fee, and hold custody through Gemini and BitGo.
Related: XRP Price Prediction: DTCC ETF Listings Spark 5 Percent Rally but Can Bulls Break $2.65
Institutional Inflows And The Supply Question
JPMorgan projects that XRP ETFs could attract up to $8 billion in inflows within the first year, possibly creating a supply imbalance. With an estimated 3–5 billion XRP available on exchanges, analysts note that ETF-driven demand could exceed current liquidity levels. Canary Capital CEO Steven McClurg stated that the upcoming ETF may outperform recent Solana-linked products, adding that early interest has been strong.
Data shows that issuers have prepared up to eleven XRP ETF products in anticipation of approvals, with the Depository Trust & Clearing Corporation (DTCC) listing nine potential ticker symbols. The Estimated seed capital ranges between $100 million and $400 million, equal to approximately 45–200 million XRP at prevailing prices near $2.40.
XRP Market Activity And Price Levels
Ahead of the launch, XRP traded at around $2.41, having declined by 1.67%. Analysts describe the recent movement as a controlled accumulation rather than a rejection, noting that liquidity is forming in the $2.40–$2.50 range.
A break above $2.65 could signal a push toward the $3 level. On-chain data also revealed a $343 million transfer of 143.7 million XRP by a wallet linked to BitGo, adding to speculation of ETF-related positioning.
Broader Tailwinds: Policy, Ripple And ISO 20022
Adding to this sentim ent, Yellow Network Chairman Alexis Sirkia stated that XRP’s rally is driven by expectations surrounding ETF launches, following the SEC’s removal of delaying language from S-1 filings. He added that both retail and institutional investors are aligning positions ahead of potential approvals.
Meanwhile, Ripple continues its engagement with global policymakers. U.K. Treasury Economic Secretary Lucy Rigby recently visited Ripple’s Singapore office to discuss the role of digital assets in strengthening the United Kingdom’s financial competitiveness.
The ETF move coincides with the full adoption of the ISO 20022 messaging standard, which could further integrate assets like XRP into global payment systems as institutions transition to upgraded digital infrastructure.
Related: XRP Price Stays Rangebound as Canary XRP ETF Launch Enters 48-Hour Countdown
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
