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Wednesday Nov 12 2025 02:20
1 min
The U.S. market could witness the launch of its first exchange-traded fund (ETF) that directly holds XRP as early as this week. This follows crypto investment firm Canary Capital filing essential documents for its proposed fund.
Eric Balchunas, senior ETF analyst at Bloomberg, noted that Canary had submitted a Form 8A to the Securities and Exchange Commission (SEC). This form is a prerequisite before securities can be offered on an exchange.
Balchunas suggested that the filing “points to launch tomorrow or Thursday.” He further added, “Not [a] done deal but all boxes being checked. Stay tuned.”
Crypto reporter Eleanor Trent stated that Canary's filing was "the final step before it goes effective… once the Nasdaq certifies the listing.”
Canary’s ETF is filed under the Securities Act of 1933, allowing it to directly hold XRP, distinguishing it from other products that invest in offshore entities holding the cryptocurrency.
Anticipation has been building within the XRP community following the resolution of the government shutdown, with the first spot XRP ETF seen as a significant milestone.
With the government operational again, the path is cleared for numerous potential ETF launches.
Alongside Canary, the Depository Trust and Clearing Corporation (DTCC) lists several other spot XRP ETFs awaiting approval. These firms include 21Shares, ProShares, Bitwise, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton.
The price of XRP has experienced a 10% increase over the past week, reaching $2.40 at the time of this report, according to CoinGecko data.
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.
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