Nasdaq has formally licensed the Canary Capital XRP ETF. The fund is predicted to go reside for buying and selling. This additionally comes because the U.S. lastly ends its authorities shutdown.
Nasdaq Approves Canary Capital XRP ETF for Buying and selling
In keeping with Eleanor Terrett, Nasdaq has confirmed the approval of the Canary Capital XRP fund forward of its buying and selling as we speak., This indicators that the fund had cleared all regulatory necessities to start buying and selling.
🚨NEW: As of 5:30 PM ET, @CanaryFunds’ $XRP ETF is formally efficient after @Nasdaq licensed the itemizing, clearing $XRPC for launch tomorrow at market open. pic.twitter.com/h3hxVMDhWP
— Eleanor Terrett (@EleanorTerrett) November 12, 2025
The ETF shall be listed underneath the ticker XRPC and can observe the XRP-USD CCIXber Reference Fee Index. Buyers will, subsequently, be capable to get publicity to XRP through conventional brokerage platforms. Up to date filings counsel that buying and selling is predicted to start instantly after certification.
In keeping with this announcement, the certification positions Canary Capital as the primary issuer to launch a totally spot-based XRP ETF underneath the Securities Act of 1933. This distinction permits the fund to carry XRP immediately.
Bloomberg analyst Eric Balchunas additionally confirmed that the fund begins buying and selling as we speak.
The official itemizing discover for $XRPC has arrived from Nasdaq. Seems like tomorrow is ON for the launch. pic.twitter.com/zvJ8q3SwpS
— Eric Balchunas (@EricBalchunas) November 12, 2025
This comes after Canary Funds filed its remaining Kind 8-A with the SEC earlier within the week. This was the final step earlier than Nasdaq’s approval.
Additionally, Canary Funds CEO Steven McClurg shared his pleasure across the fund’s launch.
“We’re very excited to go efficient with the primary single-token spot XRP ETF. This could not have been doable with out the management of Chairman Atkins, Commissioner Pierce and all the different high-quality folks on the SEC who’re pro-free markets,” he stated.
Anticipation Builds for ETFs Launch
The approval comes amid a stream of potential product launches by a number of corporations. Asset managers similar to Franklin Templeton, Bitwise, CoinShares, and 21Shares have amended their purposes for his or her varied XRP funds. Actually, information from the DTCC suggests these listings might be quickly.
In the meantime, the rebound in Washington, after President Donald Trump signed a invoice that formally ended the U.S. authorities shutdown, had introduced cheer throughout digital property. Analysts consider that liquidity returning into the economic system may increase up crypto like XRP.
Analysts count on Canary Capital’s XRP ETF to see sizable inflows as soon as reside. Some even in contrast this to early Bitcoin and Ethereum spot ETFs. ETF professional Nate Geraci additionally stated it might be the fourth single-crypto ETF available in the market following BTC, ETH, and SOL.
Web site for first 1933 Act spot xrp ETF is *reside*…
Can be 4th single crypto asset in ETF wrapper after btc, eth, & sol. pic.twitter.com/CMJOjj2bM7
— Nate Geraci (@NateGeraci) November 13, 2025
The ETF’s approval additionally comes as SEC Chair Paul Atkins, at a latest speech, emphasised the necessity for extra clear frameworks on crypto past enforcement actions.
