**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/
