In a twist that reads like a fever dream spun by Bulgakov after a few glasses of vodka, the finansovoy grotesque unfolded as the first pure-play 33 Act XRP ETF sashayed into the American market. Yes, dear reader, the Nasdaq, ever the capricious czar, officially blessed Canary Capital’s spot XRP ETF-XRPC-like a stern ombudsperson nodding at a suspiciously rapid approval. Launching precisely at the dawn of Thursday’s market ballet, it’s neither here nor there, but certainly a spectacle to behold.
By 5:30 p.m. Eastern on the memorable date of November 12, the specter known as Canary’s XRP ETF, with its glamorous ticker XRPC, was declared officially effective, much like a clandestine decree whispered in the corridors of the SEC’s labyrinth. Fastest approval in the annals-an 8(a) automatic-effectiveness charm-leaves analysts scratching heads and wondering whether the gods of bureaucracy smiled or merely blinked.
In a tweet, Harald the Herald of the Blockchain Realm trumpeted the launch-XRPC, the crown jewel of Canary Capital, a shimmering portal into the realm of the native token of the XRP Ledger. Designed with the grace of a ballet dancer and the speed of a caffeinated cheetah, it promises to capture the essence of network performance, liquidity, cross-border wizardry, and the sort of utility that makes bankers gasp with envy.
Introducing XRPC – the Canary XRP ETF
– Provides exposure to the native token of the XRP Ledger
– Built to reflect network performance across payments and liquidity protocols
– Backed by XRP’s established utility in cross-border value transfer
– Designed for efficiency, speed, and scalability within the grand dance of distributed finance.– Canary Capital (@CanaryFunds) November 13, 2025
Canary, ever the romantic of the fintech opera, serenades XRP Ledger as the mighty titan of global payments-interoperable, purpose-built, and whispering sweet nothings of near-instant transfers at the lowest cost. The network’s growing popularity among enterprises and fintechs proves, in their view, that this is no mere crypto fad but a revolution wrapped in digital silk.
The crypto bourgeoisie reacts-cue the fanfare
Crypto reporter Eleanor Terret, with a twinkle of mischief, reveals the collective frenzy echoing through the caffeinated halls of crypto chatter, quoting none other than Canary’s captain-CEO Steven McClurg-as he declaims the epochal moment.
“Canary Funds CEO Steven McClurg bestowed upon me this proclamation about the XRPC spot ETF,” chimed Terret, voice tinged with pride and just a dash of sarcasm.
McClurg, in the grand tradition of crypto prophets, declared: “We are very excited to go effective with the first single-token spot XRP ETF. This feat would not have been possible without the divine intervention of Chairman Atkins, Commissioner Pierce, and all the other saints of the SEC who believe in the sacred right to free markets.”
Anticipation bubbles like volcanic lava-analysts envision XRP’s debut ETF igniting a wildfire of institutional flows, a parade of acceptance akin to revered spot ETPs, turning the landscape into a veritable carnival of wealth and chaos.
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2025-11-13 19:52