The U.S. Securities and Exchange Commission (SEC) has acknowledged the registration of the Canary XRP exchange-traded fund (ETF), marking the final regulatory step before potential approval of the country’s first-ever spot XRP ETF.
According to the SEC’s Form 8-A filing, the ETF is set to list on Nasdaq under the name Canary XRP ETF (XRPC).
This is the final step before it goes effective at 5:30 PM ET tomorrow once the Nasdaq certifies the listing, journalist Eleanor Terrett said. When that happens, the last hurdle is cleared and the first spot XRP ETF will be set to launch Thursday at market open.
“Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday),” said Eric Balchunas, Senior ETF Analyst at Bloomberg, on X. “Not done deal but all boxes being checked. Stay tuned.”
The registration concludes months of filings and reviews following the fund’s Form S-1 submission on Oct. 24.
Once effective, the ETF will offer investors exposure to XRP through a regulated, exchange-listed product backed by custodial holdings.
The Canary XRP ETF’s progress comes amid growing momentum for crypto-based exchange-traded products in the U.S., following the spot Bitcoin and Ethereum ETF launches in 2024, which marked a turning point for institutional crypto adoption.
Industry observers say the move signals increased regulatory openness toward diversified digital-asset funds.
Meanwhile, XRP has lost nearly 3.5% of its value over the last 24 hours as it trades at $2.43. With a market cap of $146 billion, it is the fourth-largest cryptocurrency.
This story was originally reported by TheStreet on Nov 11, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.