Canary’s Ripple (XRP) ETF Set to Hit Nasdaq

Jakarta, Pintu News – The Ripple (XRP) ETF managed by Canary Capital has received automatic approval to list on Nasdaq after filing a Form 8-A with the US Securities and Exchange Commission (SEC). With this approval, the Ripple (XRP)-focused ETF is scheduled to begin trading later this week, marking a major step in cryptocurrency investment.

Automatic Approval for Canary XRP ETF

Canary Capital has successfully filed a Form 8-A on November 10, which is the final step before the launch of the Ripple (XRP) ETF. The automatic approval received means that the ETF will be active immediately and is expected to start trading within the next few days. This process demonstrates Canary’s efficiency and speed in meeting all the necessary regulatory requirements.

With this approval, Canary adds to its cryptocurrency ETF portfolio that already includes Litecoin and HBAR, which also received automatic approval last month. This success streak confirms Canary’s position as a key player in the cryptocurrency ETF market.

Ripple (XRP) Canary ETF Details

The Ripple (XRP) ETF managed by Canary Capital, which will trade under the code XRPC, is scheduled to launch on Nasdaq this Thursday. The launch follows a series of delays that were successfully overcome, thanks to application updates and compliance with all regulations set by the SEC.

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Investors and market analysts have been looking forward to this launch, especially after seeing the performance of other ETFs managed by Canary. With this ETF, investors will have easier and regulated access to invest in Ripple (XRP), which is one of the largest cryptocurrencies by market capitalization.

Market Reaction to Ripple (XRP) ETF Launch

Ahead of the launch of the Ripple (XRP) ETF, the price of Ripple (XRP) has seen a rise of almost 10% in the past week. Trading volumes and open interest for Ripple (XRP) futures contracts have also increased, indicating high enthusiasm from investors and speculators in the market.

The rise has also been influenced by the end of the US government shutdown, which has added certainty to the market and boosted investor confidence in riskier assets such as cryptocurrencies. The launch of this ETF is expected to bring more liquidity and stability to the price of Ripple (XRP) in the global market.

Conclusion

The launch of the Ripple (XRP) ETF by Canary Capital on Nasdaq marks a new era in structured and regulated cryptocurrency investments. With automatic approval from the SEC, this ETF not only increases the accessibility but also the legitimacy of investing in Ripple (XRP). Investors now have a new tool to optimize their portfolios in this dynamic market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Canary XRP ETF Gets Approval With 8-A Filing to List on Nasdaq. Accessed on November 12, 2025
• Featured Image: U Today