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Canary XRP ETF Gets Approval with 8-A Filing to List on Nasdaq

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**Canary XRP ETF Gets Automatic Approval for Nasdaq Listing**

Canary XRP ETF has received automatic approval for listing on Nasdaq following the issuer’s submission of an 8-A filing with the U.S. Securities and Exchange Commission (SEC). The spot XRP ETF is expected to begin trading later this week, marking a significant development in the cryptocurrency space.

### ETF Launch Moves Forward

On November 10, Canary filed Form 8-A with the SEC, which is the final step before the official launch of the XRP ETF. With this filing, the spot XRP ETF is now auto-effective, and trading is likely to commence this week, pending a CERT filing that will provide details on the exact trading date.

According to the recent filing, Nasdaq has approved the listing of Canary XRP ETF shares under the ticker symbol **“XRPC.”** The shares are described in the trust’s registration statement on Form S-1, filed with the SEC around October 24, 2025. The fund’s investment objective is to provide investors with exposure to XRP.

### Expert Opinions and Market Outlook

Industry experts view the XRP ETF launch as a significant victory for Ripple. Nate Geraci, a respected voice in the ETF community, believes this marks a big win against previous anti-crypto regulatory stances. Canary Capital CEO Steven McClurg highlighted the strong demand for XRP, stating, “XRP ETF will probably double what Solana did in its first week,” citing XRP’s market capitalization and trading volumes as evidence of investor interest.

### Details on the Canary XRP ETF (Ticker: XRPC)

Canary Capital recently updated its XRP ETF application and overcame SEC-related delays to prepare for a Nasdaq launch scheduled this Thursday. This approval follows the automatic greenlighting of Canary’s Litecoin and HBAR ETFs last month through similar 8-A and CERT filings.

The key details of the Canary XRP ETF include:

– **Management Fee:** 0.50% (no fee waiver has been announced yet). For comparison, the Bitwise XRP ETF charges a 0.34% management fee.
– **Index Tracked:** The ETF will track the spot price of XRP using the XRP-USD CCIXber Reference Rate Index.
– **Service Providers:**
– Transfer Agent and Trust Administrator: U.S. Bancorp Fund Services
– Marketing Agent: Paralel Distributors LLC
– Custodians: Gemini Trust Company and BitGo Trust Company
– Cash Custodian: U.S. Bank (affiliate of the transfer agent)

### XRP Price Shows Strength

XRP’s price has surged nearly 10% over the last week, fueled in part by optimism surrounding the Canary XRP ETF launch and the potential resolution of the U.S. government shutdown. At the time of writing, XRP is trading around $2.48, with intraday lows and highs between $2.46 and $2.58.

Trading volume has increased by approximately 40% in the past 24 hours, signaling growing trader interest. However, on the daily chart, XRP is still trading below its 50-day and 200-day simple moving averages (SMA), with some traders cautious due to a recently formed “death cross” pattern.

Despite this, the launch of the Canary XRP ETF this week could act as a catalyst for a price rebound.

### Derivatives Market Activity

Data from CoinGlass reveals substantial buying activity in the derivatives market. Total ETH futures open interest rose by 12% in the last 24 hours, reaching $4.07 billion. Meanwhile, XRP futures open interest increased by more than 3% on CME and over 12% on Binance during the same period, reflecting heightened market engagement ahead of the ETF launch.

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The approval and upcoming launch of the Canary XRP ETF mark a notable milestone in bringing mainstream financial products tied to XRP, potentially boosting liquidity and visibility for the cryptocurrency in the U.S. market. Traders and investors will be watching closely as trading commences later this week.
https://bitcoinethereumnews.com/tech/canary-xrp-etf-gets-approval-with-8-a-filing-to-list-on-nasdaq/

Government Shutdown Pushes Back XRP ETFs Approval, Here Is The New Timeline

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The ongoing United States (US) government shutdown has caused delays in the approval of several crypto investment products, including the highly anticipated XRP ETFs. As investors eagerly await institutional exposure to one of the most popular and debated crypto assets, new insights from market insiders shed light on revised timelines, procedural shifts, and potential outcomes once the regulatory delay is resolved.

## XRP ETF Approval Delayed Amid US Government Shutdown

Former Fox Business journalist Eleanor Terrett has provided fresh updates on the evolving timeline for XRP ETF approvals. In a recent post on X (formerly Twitter), she revealed that Canary Funds has filed an updated S-1 registration for its XRP Spot ETF. This update removes the delaying amendment that typically grants the U.S. Securities and Exchange Commission (SEC) control over when such filings take effect.

Terrett explained that this procedural change by Canary Funds effectively sets the stage for a potential automatic launch date of November 13, provided that NASDAQ grants approval for the accompanying 8-A filing.

Nevertheless, the timeline for the ETF approvals remains uncertain due to the ongoing government shutdown. If the US Federal Government reopens soon and the SEC resumes normal operations, Terrett notes that the approval and subsequent launch of XRP ETFs could proceed more quickly. However, further postponements remain possible, depending on additional reviews by SEC staff.

Terrett also mentioned that current SEC Chair Paul Atkins has expressed support for companies using the auto-effective process to bring new financial products to the market. While Atkins did not directly reference ETFs, he praised firms such as MapLight for successfully going public during the government shutdown via the statutory 20-day waiting mechanism — the same process used by Bitwise and Canary to launch their recent Solana, Hedera, and Litecoin ETFs.

Originally designed by the US Congress, this approach aims to keep capital markets active during periods of administrative downtime. Now, crypto asset managers are leveraging this mechanism to launch XRP ETFs and other crypto Exchange-Traded Products (ETPs) without prolonged regulatory delays.

In a follow-up discussion, Terrett clarified that the previously anticipated October deadlines for XRP ETF approval are now irrelevant. This is due to the SEC’s new generic listing standards, which have eliminated the need for the older 19b-4 filing process, effectively rendering earlier submission dates obsolete.

## Major Liquidity Surge Expected After XRP ETF Approval

Crypto analyst ‘DigitalG’ on X has provided additional perspective on the potential market impact once these ETFs receive approval. He noted that the ongoing US government shutdown has led to a backlog of XRP ETF filings awaiting clearance.

Once the SEC reopens and begins processing this backlog, DigitalG predicts that multiple approvals could occur in rapid succession. This accelerated approval process could significantly increase institutional access and demand for XRP, potentially triggering a major surge in market liquidity.

Furthermore, DigitalG forecasts that this influx of institutional participation may catalyze significant price movements. He suggests that the expected wave of ETF approvals could provide an ideal environment for covering massive short positions currently active in the market.

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*Featured image from Freepik, chart from TradingView.com.*
https://bitcoinist.com/new-timeline-xrp-etfs-approval/