Canary Takes a Bold Leap: First Ever XRP Spot ETF Hits the Market!

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Well, well, well, look who’s coming to the party! Canary Capital has decided it’s high time to let the XRP crowd join the ETF circus. They’ve filed a Form 8-A with the SEC, which means the trading could kick off faster than a rabbit on a caffeine buzz. We’re talking days, folks!

  • Canary’s filing for a spot XRP ETF means real XRP tokens in trust, not those shady derivatives we love to hate. It’ll list on Nasdaq under the ticker “XRPC.” Ooh, fancy! 💎
  • The expected launch is as soon as November 13, pending that magical final exchange clearance. Fingers crossed, folks! 🤞

So, what does this all mean? Well, Canary Capital has just dropped the paperwork that makes it all official. That sweet Form 8-A registration with the SEC could be the thing that finally gets this show on the road, and Nasdaq is poised to get its hands on those juicy XRP shares.

The XRP ETF: It’s Here, Baby!

This isn’t just another ETF offering. Canary’s XRP ETF is going to hold actual XRP tokens in trust, which is like having the real deal, not some fake knockoff. The goal? To track XRP’s price-minus a little cut for operational fees-giving investors a taste of the real crypto action. 🍾💰

Let’s talk custodians. U.S. Bank’s stepping in as the cash custodian, while Gemini Trust and BitGo Trust will be watching over the digital assets like hawks. That’s right, folks, your XRP will be safe and sound.

Canary Capital Group LLC is in charge of the sponsorship, and CSC Delaware Trust Company is handling the trust duties. Shares? Oh, they’ll be issued in tidy 10,000-share “Baskets,” so investors can swap XRP or cash directly with the trust. It’s like buying a bunch of crypto lottery tickets. 🎟️💸

The First Ever XRP Spot ETF: A Game-Changer

If all goes well, this ETF could be trading by Thursday, November 13, but let’s not count our chickens before they hatch. According to Bloomberg’s Eric Balchunas, they’re “checking the last box” before launch, so get your popcorn ready. 🍿

Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday). Thursday was the day we thought they’d be on track for but when they did the 8A for HBAR they launched the next day. Not done deal but all boxes being checked. Stay tuned..

– Eric Balchunas (@EricBalchunas) November 11, 2025

And just to make it official, former Fox Business journalist Eleanor Terret confirmed the filing: “This is the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing.” So, mark your calendars, folks-big day ahead!

🚨NEW: @CanaryFunds has filed its Form 8-A. This is the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing. When that happens, the last hurdle is cleared and the first $XRP spot ETF will be set to launch Thursday at market open.

– Eleanor Terrett (@EleanorTerrett) November 11, 2025

Is XRP Becoming a Big Deal? You Bet!

If all goes to plan, Canary’s product will join the XRPR fund as one of the few ETFs tied to XRP. But here’s the kicker: Unlike XRPR, Canary’s fund is offering pure spot exposure, which means it’s the real deal, tracking XRP’s price directly through on-chain holdings. No funny business here. 😏

As the demand for crypto investment products skyrockets, it’s clear that Canary’s jump into the XRP pool is just the tip of the iceberg. More firms like Grayscale and Bitwise are following suit, eyeing the big crypto tokens like Bitcoin, Ethereum, and now… Solana. But let’s be real-XRP’s about to steal the spotlight. 🌟

What’s Next, You Ask?

Canary has filed the Form 8-A, and Nasdaq is next on the list to give its final green light. Once that happens, we’re all set for the launch. Get ready to watch your portfolios with baited breath. Will the ETF open with a bang, or will it be a slow burn? Only time will tell! ⏳

The SEC still has its claws in, but this move shows that institutional confidence in spot crypto ETFs is growing. That’s right, folks-XRP’s making a splash in the U.S. market. And let’s be honest, who wouldn’t want in on this action? 🚀💥

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2025-11-11 20:44