XRP ETF Set to Launch Next Week, Canary Capital CEO Announces on Ripple Swell!

Jakarta, Pintu News – Next week, the financial world will witness the launch of the long-awaited Ripple (XRP) ETF. Announced by Canary Capital CEO, Steven McClurg, at the Ripple Swell event, the launch is expected to change the competitive landscape of crypto assets in financial institutions. With the backing of several major issuers and accelerated approval by the SEC, this ETF is expected to attract billions of dollars in fund flows.

Competition with Wall Street

Steven McClurg emphasized that Ripple (XRP) technology is now not just a means of payment, but also a financial infrastructure that competes directly with the traditional financial system. “Ripple (XRP) should be viewed as the XRP Ledger, which is the new financial rail,” McClurg said. This marks a new era where blockchain technology has the potential to replace some of the basic functions of banking and financial transactions.

With its advanced technology, Ripple (XRP) offers transparency and speed that the conventional financial system cannot match. This makes it an attractive option for institutional investors looking for alternatives to diversify their assets. This ETF based on Ripple (XRP) is expected to open the door for more institutional funds to enter into the crypto market.

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ETF Filing Acceleration

Not only Canary Capital, but also Franklin Templeton, Bitwise, Grayscale, WisdomTree, and 21Shares have updated their filings for the Ripple (XRP) ETF before the SEC. With the new, more crypto-supportive leadership at the SEC, the ETF approval process is now faster, from 240 days to just 75 days. This is a major step in accelerating the integration of crypto assets in mainstream investment portfolios.

Canary Capital used a no-delay amendment, which allowed their ETF to launch as soon as possible, possibly even on November 13. This shows how regulatory changes can affect the speed of adoption of new financial products. With this change, investors will soon have access to a product that allows them to invest directly in Ripple (XRP) through the stock market.

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Market Enthusiasm and Institutional Support

With a predicted inflow of $5-10 billion within the first month, demand for the Ripple (XRP) ETF appears to be very strong. Matt Hougan, CIO of Bitwise, expressed similar optimism, stating that Ripple (XRP) backers will be very enthusiastic in purchasing this ETF. This shows a high level of confidence from the investor community in the value and long-term potential of Ripple (XRP).

In addition, Ripple has expanded its initiatives to attract more institutional participation through projects such as Ripple Prime, GTreasury, Rail, and the RLUSD stablecoin. These initiatives are designed to meet the needs of global banks and payment companies, affirming Ripple’s (XRP) position as a key player in the evolution of digital finance. With the ETF set to launch soon, Ripple (XRP) further solidifies its position in the global market.

Conclusion

The launch of the Ripple (XRP) ETF is not only an important milestone for Canary Capital but also for the entire crypto industry. With increasingly conducive regulatory support and high interest from institutional investors, the future of Ripple (XRP) looks very bright. This marks a new chapter in crypto adoption among mainstream investors and could be the beginning of a major change in the global financial system.

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Reference

• Coinpedia. XRP ETF Ready to Launch Next Week, Confirms Canary Capital CEO at Ripple Swell. Accessed on November 6, 2025
• Featured Image: Bitcoinist