Canary XRP ETF Launch Imminent: A Look at the First Spot XRP ETF

Thursday Nov 13 2025 09:30

Duration

2 min

  1. 1. Overview of the Canary XRP ETF

  2. 1.1 Market Anticipation and Regulatory Hurdles

  3. 1.2 Sixth Single Crypto Asset ETF

  4. 1.3 Industry Observers' Optimism and Cautions

  5. 1.4 Procedural Certification vs. Final Approval

  6. 1.5 The Anticipated Launch

  7. 1.6 Comparison to Other ETF Launches

Overview of the Canary XRP ETF

The crypto community is bracing for the launch of the first spot XRP exchange-traded fund (ETF) after Nasdaq certified the listing of Canary Capital’s XRP ETF (XRPC). The Nasdaq Stock Market exchange on Wednesday officially notified the US Securities and Exchange Commission (SEC) that it has received the Form 8‑A filing for the Canary XRP ETF (XRPC). “The official listing notice for XRPC has arrived from Nasdaq,” Bloomberg’s senior ETF analyst Eric Balchunas wrote on X, adding: “Looks like tomorrow is on for the launch.”

Market Anticipation and Regulatory Hurdles

While ETF watchers expect Canary’s spot XRP ETF to debut trading on Thursday, the SEC has yet to issue its final approval for trading to commence, leaving the debut uncertain heading into the market open.

Sixth Single Crypto Asset ETF

Nate Geraci, president of NovaDius Wealth Management, took to X on Thursday to report that Canary had launched its website for the Canary XRP ETF, highlighting the likely soon-to-come trading launch. “Canary Capital will be first to market,” Geraci said, adding that its XRP ETF would be the sixth single crypto asset in the ETF wrapper after Bitcoin (BTC), Ether (ETH), Solana (SOL), Litecoin (LTC) and Hedera (HBAR).

Industry Observers' Optimism and Cautions

Other industry observers, including Crypto America’s Eleanor Terrett, shared optimism on X, noting that Nasdaq had “cleared XRPC for launch at market open” on Thursday, but some cautioned that the exchange’s letter is procedural and does not itself authorize trading.

Procedural Certification vs. Final Approval

“The Nasdaq letter itself does not say the ETF is effective — it only says Nasdaq approved the listing and joined the registrant’s request for SEC effectiveness,” one commentator wrote, adding that the certification is a “routine procedural letter, not confirmation that trading will start.”

The Anticipated Launch

Canary’s highly anticipated XRP ETF launch comes after weeks of speculation, with ETF experts such as Geraci predicting its debut two weeks ago. The potential launch follows closely on the heels of US President Donald Trump signing a bill on Wednesday to officially end the longest government shutdown in history.

Comparison to Other ETF Launches

While Bitcoin and Ether ETFs each began trading the day after their respective SEC approvals, newer ETFs such as Solana, Litecoin and Hedera launched the next day after their exchange listings under the regulator’s newly adopted procedures. With trading going live on Oct. 28, some ETF observers have suggested that these new crypto funds relied on “automatic effectiveness” provisions during the government shutdown.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Default Author Avatar

Written by:

Noah Lee

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all
What Factors Drive Crude Oil Price Fluctuations

Tuesday, 11 August 2026

Duration

5 min

Oil Nears $90 as Fading U.S.-Iran Deal Hopes Renew Hormuz Supply Fears
USD/JPY forecast

Tuesday, 11 August 2026

Duration

5 min

USD to JPY Exchange Rate May Have Peaked, Eurizon Sees Yen Strengthening to 125
nio stock news today

Tuesday, 11 August 2026

Duration

4 min

NIO Stock News Today: Shares Slide as BlackRock Trims Stake Despite Record ES9 Demand

Latest news

gold-trading

Wednesday, 12 August 2026

Indices

Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets

tsmc-stock

Wednesday, 12 August 2026

Indices

TSMC Stock Rises 1.7% as AI Infrastructure Rally Lifts Chip Sector

WTI vs Brent Crude Oil

Wednesday, 12 August 2026

Indices

Oil Prices Fall Over 1% as OPEC and IEA Cut 2026 Demand Forecasts

kospi

Wednesday, 12 August 2026

Indices

KOSPI Jumps Nearly 5% as SK Hynix Surges 7% and Asian Chip Rally Accelerates

Tuesday, 11 August 2026

Indices

Gold Price Today, August 12, 2026: XAU/USD Rises 0.5% Near $4,400 Ahead of US CPI

What Factors Drive Crude Oil Price Fluctuations

Tuesday, 11 August 2026

Indices

Oil Nears $90 as Fading U.S.-Iran Deal Hopes Renew Hormuz Supply Fears

nio stock news today

Tuesday, 11 August 2026

Indices

NIO Stock News Today: Shares Slide as BlackRock Trims Stake Despite Record ES9 Demand

sk-hynix

Tuesday, 11 August 2026

Indices

U.S. Stocks Fall as SpaceX Drops 3.9%, While SK Hynix Jumps 4.7%

USD/JPY forecast

Tuesday, 11 August 2026

Indices

USD to JPY Exchange Rate May Have Peaked, Eurizon Sees Yen Strengthening to 125

supermicro-stock

Tuesday, 11 August 2026

Indices

Supermicro Stock Rallies as Margin Recovery and FY2027 Outlook Eclipse Q4 Revenue Miss

See all news