Nexo Earn with Nexo
Canary XRP ETF clears final hurdle ahead of expected debut this week

Canary XRP ETF clears final hurdle ahead of expected debut this week

The asset manager is moving closer to launching one of the first US-listed exchange-traded funds offering exposure to XRP.

Canary Capital has filed a Form 8-A12B with the US SEC to register the Canary XRP ETF for listing on the Nasdaq Stock Market, signaling that trading of the fund may begin imminently, according to Bloomberg ETF analyst Eric Balchunas.

The filing enables securities registration for exchange listing and follows Canary’s recent update to its XRP ETF application. Canary removed a delaying amendment from its application, allowing for automatic effectiveness and clearing the path for listing.

With the 8-A now filed, Nasdaq can make the shares eligible for trading, possibly as early as November 12–13. If timing mirrors the prior HBAR ETF launch, the XRP ETF could list the next trading day.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Canary XRP ETF clears final hurdle ahead of expected debut this week

Canary XRP ETF clears final hurdle ahead of expected debut this week

The asset manager is moving closer to launching one of the first US-listed exchange-traded funds offering exposure to XRP.

Canary Capital has filed a Form 8-A12B with the US SEC to register the Canary XRP ETF for listing on the Nasdaq Stock Market, signaling that trading of the fund may begin imminently, according to Bloomberg ETF analyst Eric Balchunas.

The filing enables securities registration for exchange listing and follows Canary’s recent update to its XRP ETF application. Canary removed a delaying amendment from its application, allowing for automatic effectiveness and clearing the path for listing.

With the 8-A now filed, Nasdaq can make the shares eligible for trading, possibly as early as November 12–13. If timing mirrors the prior HBAR ETF launch, the XRP ETF could list the next trading day.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.