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The U.S. Securities and Exchange Commission (SEC) has acknowledged the registration of the Canary XRP exchange-traded fund (ETF), marking the final regulatory step before potential approval of the country’s first-ever spot XRP ETF.
According to the SEC’s Form 8-A filing, the ETF is set to list on Nasdaq under the name Canary XRP ETF (XRPC).
This is the final step before it goes effective at 5:30 PM ET tomorrow once the Nasdaq certifies the listing. When that happens, the last hurdle is cleared, and the first spot XRP ETF will be set to launch Thursday at market open.
Milestone moment for crypto ETFs in the U.S.
The registration concludes months of filings and reviews following the fund’s Form S-1 submission on Oct. 24.
Once effective, the ETF will offer investors exposure to XRP through a regulated, exchange-listed product backed by custodial holdings.
The Canary XRP ETF’s progress comes amid growing momentum for crypto-based exchange-traded products in the U.S., following the spot Bitcoin and Ethereum ETF launches in 2024, which marked a turning point for institutional crypto adoption.
Industry observers say the move signals increased regulatory openness toward diversified digital-asset funds.
Meanwhile, XRP has lost nearly 3.5% of its value over the last 24 hours as it trades at $2.43. With a market cap of $146 billion, it is the fourth-largest cryptocurrency.
With institutional capital expected to flow into XRP following this approval, the XRP price may surge to as high as $3 in the next few days. The local support is around $2.
On X, one analyst notes that the uptrend is valid and XRP USD is inside a symmetrical triangle. A close above this wedge may lift XRP crypto to as high as $5.
This article has been published in thestreet.com via Yahoo News.
Nasdaq set to debut XRP ETF this Thursday
The U.S. Securities and Exchange Commission (SEC) has acknowledged the registration of the Canary XRP exchange-traded fund (ETF), and Nasdaq has now issued the official listing notice for the product - indicating that trading is poised to begin Thursday morning. According to the SEC’s Form ...
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