Key Takeaways
- Canary, a cryptocurrency ETF issuer, filed a Type 8A for its XRP ETF, making ready for an imminent launch.
- Type 8A submitting is a key step for securities registration, enabling the ETF to be listed on an change like Nasdaq.
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Canary Capital has filed a Type 8-A12B with the US SEC to register the Canary XRP ETF for itemizing on the Nasdaq Inventory Market, signaling that buying and selling of the fund could start imminently, in accordance with Bloomberg ETF analyst Eric Balchunas.
The submitting permits securities registration for change itemizing and follows Canary’s current replace to its XRP ETF utility. Canary eliminated a delaying modification from its utility, permitting for automated effectiveness and clearing the trail for itemizing.
With the 8-A now filed, Nasdaq could make the shares eligible for buying and selling, presumably as early as November 12–13. If timing mirrors the prior HBAR ETF launch, the XRP ETF may record the following buying and selling day.
