The crypto market just witnessed a major milestone that signals the transition of an idea into tangible reality. After months of speculation and filings, Canary Capital’s highly anticipated Spot XRP Exchange-Traded Fund (ETF) has officially received its ticker — a key step toward market readiness.
The move gives shape to what could soon become one of the most closely watched crypto-backed funds in the industry.
Prominent XRP advocate Chad Steingraber confirmed the development on X, drawing significant attention from the crypto community. His post revealed that the Canary Spot XRP ETF will trade under the ticker XRPC and feature a 0.5% management fee.
The announcement immediately sparked excitement among XRP investors, analysts, and institutional watchers, many of whom view the ETF as a major step toward mainstream XRP adoption in traditional financial markets.
Steingraber’s confirmation matches the details in Canary Capital’s latest SEC filing (Form S-1/A), which outlines the trust’s operational framework, custody provisions, and pricing methodology. With a ticker now publicly identified, the ETF is one step closer to its market debut — pending the final green light from regulators and an official listing announcement.
Canary Spot XRP ETF officially gets its ticker:
XRPC and set with 0.5% Fees! Ready to Launch.
https://t.co/l6vAyqhZ8ypic.twitter.com/MB5fbci89X
— Chad Steingraber (@ChadSteingraber) October 10, 2025
Filing Details and Market Readiness
The ETF is set to trade under the ticker symbol “XRPC” if it’s approved and listed, according to the SEC’s documents. The trust aims to track the performance of XRP held in regulated custody, with lower applicable fees and expenses.
The filing also provides details about the ETF’s creation and redemption mechanism, designed to maintain price alignment with XRP’s spot market value.
The registration underscores a fully transparent structure, including independent auditing, third‑party custody solutions, and oversight mechanisms consistent with other spot crypto ETFs recently approved in the United States. Market observers note that assigning a ticker is not a mere formality — it typically signals that operational and exchange‑readiness procedures are underway.
The 0.5% Fee
Canary Capital’s ETF will charge a 0.5% annual fee, which is calculated daily based on the total value of XRP held by the trust. This fee covers standard operating expenses like custody, administration, and management.
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Compared to similar crypto‑based funds, the 0.5% structure is competitively priced — offering institutional and retail investors a cost‑efficient way to gain exposure to XRP without directly holding the asset.
For everyday investors, this means the fund’s returns will track XRP’s performance, minus the 0.5% annual expense. Institutional traders and authorized participants, meanwhile, can now begin modeling liquidity, spreads, and arbitrage flows ahead of the ETF’s eventual launch.
Implications for the XRP Market
The confirmation of a ticker for the Canary Spot XRP ETF marks more than a bureaucratic update — it represents an important psychological and operational milestone for the XRP ecosystem. With the ticker XRPC and a competitive fee structure in place, the path toward institutional adoption becomes clearer.
The ETF could serve as a regulated gateway for investors seeking exposure to XRP’s price movements without relying on crypto exchanges, especially at a time when traditional financial institutions are increasingly exploring blockchain‑based assets.
The Road Ahead
While the ticker assignment brings the ETF closer to trading, Canary Capital’s product still awaits the final regulatory nod. The SEC hasn’t set a specific approval date, and there’s no official word on when or if the exchange listing will happen.
However, the growing clarity around the fund’s structure, as highlighted by Chad Steingraber’s post, reinforces optimism that the long‑awaited Spot XRP ETF could soon transition from filing to trading.
As investors watch closely, XRPC now stands as the symbol of a new chapter for XRP — one that could bridge the gap between digital asset innovation and traditional finance.