%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Canary Funds' XRP Trust is expected to become the first pure spot XRP (CRYPTO: $XRP ) exchange-traded fund (ETF) to begin trading in the U.S.With approval from the U.S. Securities and Exchange Commission (SEC) imminent, the first spot XRP ETF could begin trading in New York on the Nasdaq (NASDAQ: $NDAQ ) exchange Nov. 13.Analysts say the new ETF would expand XRP's liquidity and potentially trigger inflows from registered investment advisers who previously avoided cryptocurrency exposure.The ETF will allow investors to track the price movements of XRP without having to hold the cryptocurrency in a digital wallet.The approval of a true spot XRP ETF would mark a milestone for the crypto industry, coming nearly two years after spot Bitcoin (CRYPTO: $BTC ) and Ethereum (CRYPTO: $ETH ) ETFs debuted.Other spot crypto ETFs are expected to launch within the next year, including ones that track the price of Solana (CRYPTO: $SOL ) and Cardano (CRYPTO: $ADA ).XRP is currently trading at $2.44 U.S., having gained 17% on the year.