Canary’s XRP ETF Nears Approval as XRP Moves Toward Mainstream Institutional Adoption

The race for regulated crypto investment vehicles just intensified. Canary, a well-known digital asset management firm, is inching closer to launching the first XRP Exchange-Traded Fund (ETF) — a move that could finally push XRP into the mainstream investment arena.

The company’s filing, which was submitted earlier this year, is reportedly advancing through the final stages of regulatory review, according to industry insiders familiar with the matter.

If approved, the Canary XRP ETF would provide institutional investors a fully compliant avenue to gain exposure to XRP, mirroring the explosive adoption of Bitcoin and Ethereum ETFs earlier in 2024.

A Turning Point for Regulated Crypto Access

The XRP ETF represents a watershed moment for Ripple’s native token and the broader digital asset space.

Since the SEC’s partial court loss against Ripple in 2023, XRP has slowly regained favor among institutional investors. Now, with ETF filings from Canary and other asset managers in motion, XRP could soon follow Bitcoin (BTC) and Ethereum (ETH) in entering the regulated investment mainstream.

“The Canary XRP ETF signals that XRP is no longer on the regulatory fringe — it’s moving into the same institutional conversation as Bitcoin and Ethereum,” said Eleanor Wu, senior market strategist at Digital Alpha Research.

Wu added that the launch would likely enhance market liquidity, increase price transparency, and attract fresh capital from pension funds and asset managers previously sidelined by compliance concerns.

Institutional Demand for XRP is Rising

Canary’s ETF development aligns with a surge in institutional XRP accumulation, as data from Santiment shows significant wallet inflows above 1 million XRP per transaction.

Ripple’s ongoing global partnerships — particularly with financial institutions and cross-border payment providers — continue to fuel XRP’s use case as a settlement layer for real-time value transfer.

According to data from RippleNet, on-chain transaction volume and remittance corridor usage have both hit new highs in Q3 2025, highlighting growing adoption in emerging markets like Latin America and Southeast Asia.

XRP Price and Market Impact

XRP has traded steadily above the $3 mark for most of October, climbing over 22% month-over-month amid renewed investor optimism tied to the ETF narrative.

Technical analysts suggest that a confirmed ETF approval could trigger a sustained rally toward $5–$6, citing the pattern observed in BTC and ETH markets after their ETF approvals.

“ETF approval isn’t just symbolic — it institutionalizes demand,” said Mason Versluis, crypto analyst and educator. “We saw Bitcoin ETFs attract billions in weeks; XRP could experience a similar, albeit smaller, tidal wave.”

Regulatory Landscape and Timing

The U.S. Securities and Exchange Commission (SEC) has not officially confirmed a decision timeline, but multiple sources close to the matter suggest that Canary’s application is “well-positioned” for a Q4 2025 clearance.

The ETF will reportedly track spot XRP holdings, custodied by a U.S.-regulated trust company, ensuring transparency and alignment with existing SEC standards for digital asset ETFs.

Canary has previously launched similar ETPs in Europe under its Canary Digital Asset Trust platform, including products for Bitcoin, Ethereum, and Solana.

Why This Matters

The potential launch of a spot XRP ETF would be a milestone not just for Ripple and Canary, but for the broader crypto-to-capital-markets convergence.

It underscores the market’s growing appetite for regulated, transparent exposure to digital assets and could help shape the next phase of institutional crypto participation.

For XRP — long seen as a payments-focused digital asset rather than a speculative vehicle — this could finally validate its role within the regulated financial ecosystem.

Key Takeaways

• Canary’s XRP ETF nears regulatory approval in the U.S.
• XRP price remains strong above $3 amid growing institutional demand.
• ETF approval could push XRP toward the $5–$6 range.
• Ripple’s network adoption continues to expand globally.

Final Thoughts

With Canary’s XRP ETF on the horizon, the stage is set for XRP to join Bitcoin and Ethereum in the institutional spotlight.
If the SEC gives the green light, it could mark the beginning of XRP’s long-awaited entry into mainstream finance