After XRPC, the Race Is On: Which XRP ETF Will Hit the Market Next?
The cryptocurrency market has lengthy outgrown the area of interest monetary spot it was given by TradFi, with BTC and a number of other altcoins surging in reputation amongst varied varieties of traders with the launch of exchange-traded funds monitoring their efficiency.
Ripple’s XRP joined the record on Thursday when Canary Capital’s XRPC launched on the Nasdaq after clearing out just a few hurdles. The demand for it, in addition to the lately launched Bitwise SOL ETF, is greater than evident, particularly on their respective first days of buying and selling. The query now’s which ETF is coming subsequent?
So, Who’s Next?
Eric Balchunas, the senior ETF professional at Bloomberg, lately outlined the newest SEC steerage for exchange-traded fund issuers. 2025 has been the 12 months with the most ETFs launched ever, with September and October breaking all data. Balchunas believes the new steerage will solely speed up the effectiveness of filings, aiming to clear some backlog.
As such, he guessed that a few of the many cryptocurrency-based ETF purposes that didn’t comply with Canary Capital’s path to submit an 8-A submitting with the watchdog will strive to take action quickly.
In phrases of which monetary automobile shall be the subsequent to see the gentle of day, Balchunas famous that Bitwise’s XRP ETF ought to have the higher hand.
SEC put out some steerage the place it seems to be like issuers can type of velocity up the effectiveness of filings in an effort to filter some backlog. My guess is a few of these crypto etfs that didn’t do the 8a factor will try to push out as quickly as they will. Bitwise XRP is due subsequent up… pic.twitter.com/vY3ja5Xk1I
— Eric Balchunas (@EricBalchunas) November 14, 2025
The Impressive Demand
Recall that the Solana staking ETF launched by Bitwise in late October broke the first-day buying and selling quantity for the 12 months with $56 million. However, the XRPC debut was much more spectacular, with the buying and selling quantity surging to virtually $60 million.
Balchunas outlined this vital demand and famous that the distinction with the third place is kind of substantial, as its buying and selling quantity on the first day was greater than $20 million decrease.
Congrats to $XRPC for $58m in Day One quantity, the most of any ETF launched this 12 months (out of 900), BARELY edging out $BSOL‘s $57m. The two of them are in league of personal tho as third place is over $20m away. pic.twitter.com/MjsOeceeNb
— Eric Balchunas (@EricBalchunas) November 13, 2025
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