Canary XRP ETF has reportedly received approval for its Nasdaq listing as the issuer submitted an 8-A filing with the US Securities and Exchange Commission (SEC). The spot XRP ETF is now set to begin trading soon.
The XRP price has also begun gaining some positive momentum due to several different developments, such as the spot XRP ETF roll-out under the 1933 Act as well as the US government shutdown potentially coming to an end soon.
Canary had submitted Form 8-A with the SEC on November 10, 2025, which is the concluding step just prior to the actual XRP ETF launch. The spot XRP ETF is auto-effective and will probably commence trading this week, subject to a CERT filing for additional info on the upcoming trading date.
As noted in the filing, Nasdaq had approved the listing of Canary XRP ETF shares on the exchange via the ticker symbol “XRPC.”
It said that a description of the shares is found in the trust’s “registration statement on Form S-1, filed with the SEC on or about Oct 24.”
The trust’s investment aim is to offer exposure to XRP. Industry professionals think that the XRP ETF roll-out signals a key milestone for Ripple given that regulations are becoming more supportive and progressive.
Canary Capital Chief Executive Officer Steven McClurg stated that the XRP ETF will probably double “what Solana did in its first week.” He highlighted demand in XRP as being quite evident based on the market cap as well as steady trading activity.
Bloomberg ETF analyst Eric Balchunas has noted that the Canary XRP ETF may go live as early as Wednesday or Thursday.
They also mentioned that Thursday was the day they had thought they’d be on track for but when they did the 8A for HBAR they launched the following day.
Canary Capital has reportedly amended its XRP ETF application and had also cleared SEC delays in order to launch on Nasdaq. This development has come following the automatic approval of Canary’s Litecoin as well as HBAR ETFs this past month with 8-A and CERT filings.
The issuer has reportedly established a set management fee of 0.50%, with no waiver confirmed as of yet. Meanwhile, Bitwise XRP ETF has recently announced a 0.34% management fee.
The XRP ETF will now be tracking the spot price from the XRP-USD CCIXber Reference Rate Index. And US Bancorp Fund Services is mentioned as the transfer agent as well as the appointed administrator of the Trust.
Paralel Distributors LLC is listed as the marketing agent.
Gemini Trust Company and BitGo Trust Company are reportedly the custodians.
U.S. Bank, which is an affiliate of the transfer agent, is the cash custodian.
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