Behold, the XRP faithful! After an interminable wait that would make a Victorian maiden blush at the slow bloom of a rose, Nasdaq has deigned to certify Canary Capital’s XRP ETF under the ticker $XRPC. One must commend the regulatory machine for its efficiency-certifying it on November 12, 2025, just in time for the market to yawn open tomorrow. A letter from Nasdaq Regulation, no less, confirms the fund met “all listing and registration requirements.” Truly, a triumph of bureaucracy over innovation. 📜💼
Canary Capital now holds the crown of being the first to gift America with a spot XRP ETF, a feat that would make even the most jaded investor raise an eyebrow. Mainstream adoption? Perhaps. Or perhaps it’s merely the first act in a grand opera of speculative folly. 🎭📈
What the ETF Means for Investors
This “milestone” (as if crypto needed more milestones than it already has) is being hailed as a revolution in crypto-backed funds. Yet, dear reader, let us not confuse hope with strategy, nor seed capital with a financial revolution. As our friend Johnny Krypto (who surely knows a thing or two about crypto and caffeine) so wisely tweets: “Ah, the sweet delusion of instant wealth! Let us all take a deep breath and remember that patience is a virtue… one that investors are tragically short on.” 😂📉
ALERTNow I know you’re all excited and hoping for $10 or $589 XRP price tomorrow with thr @CanaryFunds #XRP ETF coming, but I encourage everyone to temper their expectations. stay calm.
The good news is when I asked Gemini, if these ETF issuers can purchase the XRP in…
– Johnny Krypto (Good Evening Crypto Co-Host) (@johnnykrypto00) November 12, 2025
Gemini, ever the voice of reason, reminds us that ETF issuers must buy a “small amount” of XRP as seed capital. How quaint! A mere drop in the ocean of market manipulation, really. 🌊💧 “Not the large-scale holdings you might be thinking of,” they sigh, as if we’ve all been victims of a particularly aggressive daydream. 🤯
Only One XRP ETF Launching for Now
Though over 20 XRP ETFs have filed like eager debutantes at a ball, only Canary’s fund will grace the market tomorrow. Analysts, clutching their crystal balls with the fervor of mystics, wonder how this lone launch will sway the tides. Will it be a ripple (pun intended) or a tsunami? Only time-and the SEC’s glacial pace-will tell. 🐢☕
Statement from Canary Funds CEO
Steven McClurg, CEO of Canary Funds, declared to Eleanor Terrett: “We are very excited to go effective with the first single-token spot XRP ETF. This would not have been possible without the leadership of Chairman Atkins, Commissioner Pierce, and all the other fine people at the SEC who are pro-free markets!” Ah, yes, those stalwarts of fiscal wisdom. One suspects they traded their souls at the altar of capitalism for a quick buck. Or perhaps not. Either way, here’s to the future-where the past is forgotten, and the present is a gamble. 🥂🎲
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