Market watchers have been eagerly waiting for the first official XRP ETF, and today marks the start of that new chapter. Paul Barron, a well-known market analyst, shared the official XRP ETF launch calendar, revealing when various funds are set to go live and what fees investors can expect. The spotlight today is on Canary Capital, which is launching the first single-token spot XRP ETF under the ‘33 Act, boasting a 0.50% management fee.
Timeline and Fees for Upcoming XRP ETFs
According to Paul Barron’s X post, the XRP ETF rollout doesn’t stop with Canary. Franklin Templeton is slated to release its fund sometime between November 14 and 18. Following that, Bitwise plans to launch its XRP ETF around November 19 to 20, offering the lowest management fee so far at 0.34%.
Barron also confirmed that 21Shares and CoinShares will release their funds between November 20 and 22. Grayscale and WisdomTree are expected to launch later in the month, both bringing management fees around 0.35%. For investors, this staggered rollout provides multiple options and varying fee structures to consider.
First Official ‘33 Act Spot XRP ETF
Bloomberg analyst Eric Balchunas confirmed that Nasdaq has issued the official listing notice for Canary’s XRPC, marking the final step before launch. As Nate Geraci pointed out, Canary’s fund will be the first true ‘33 Act spot XRP ETF for institutional investors. While REX-Osprey had previously offered a spot XRP ETF, it didn’t provide full exposure to institutions.
The end of the U.S. government shutdown may accelerate approvals for other XRP ETFs, as the SEC could now issue feedback or approve launches faster than the standard auto-effective timeline.
CEO of Canary Capital Shares Excitement
Canary Capital CEO Steven McClurg expressed enthusiasm about going live, highlighting the significance of launching the first single-token spot XRP ETF. He credited SEC Chair Paul Atkins, Commissioner Hester Peirce, and other pro-market SEC members for paving the way for this milestone.
McClurg also pointed out that Canary has prior experience in the crypto ETF space, having issued Hedera and Litecoin ETFs, and expects inflows of up to $10 billion in the first month of trading. Such a launch could provide a significant boost to XRP’s market momentum.
XRP Joins the Crypto ETF Club
With this launch, XRP becomes the sixth cryptocurrency to have a ‘33 Act ETF, following Bitcoin, Ethereum, Solana, Hedera, and Litecoin. This milestone signals growing institutional acceptance of XRP and its integration into regulated investment products.
At the time of writing, XRP is trading around $2.47, up nearly 3% in the past 24 hours, reflecting investor optimism ahead of the fund’s debut.