BREAKING: Canary XRP ETF Greenlit—Trading Goes Live This Week in Watershed Moment for Ripple
Wall Street's crypto embrace hits warp speed as the first XRP exchange-traded fund clears regulatory hurdles—no humans required.
The Canary XRP ETF, approved via an obscure automatic-review clause, will begin trading November 13. Market makers are already positioning for what analysts predict could be a $300M first-day volume surge.
Ripple's native token, long battered by SEC battles, now gets its mainstream moment. 'This forces institutions to take XRP seriously,' said Galaxy Digital's head of trading—before reminding everyone his firm custodies the ETF's underlying assets.
Critics point out the irony: A token built to bypass traditional finance now depends on its approval. But when the suits smell fees, even decentralization becomes negotiable.
The Canary XRP ETF has officially been approved for listing on the Nasdaq, becoming the first ever XRP exchange-traded fund (ETF) to get SEC registration. According to reports, the ETF was automatically approved after the issuer filed a FORM 8-A with the U.S. Securities and Exchange Commission (SEC).
The filing, signed by Canary Capital Group CEO Steven McClurg on November 10, 2025, confirms that the ETF’s shares are registered under the Securities Exchange Act of 1934 and will trade under the ticker “XRPC.” This means the long-awaited XRP fund could begin trading in just a few days.
What the Filing Reveals
According to the SEC document, the ETF’s shares are registered under the Securities Exchange Act of 1934, with the Nasdaq designated as the official trading venue. The registration refers back to the Form S-1 filing submitted on October 24, 2025, which outlined the trust’s structure and investment approach.
The ETF will operate as a common share of beneficial interest, managed by Canary Capital Group LLC, with the intent of providing investors exposure to XRP in a regulated, accessible format.
Market Getting Excited
The news has already boosted XRP’s price, helped by other positive signs like the possible end of the U.S. government shutdown. Many in the crypto community say this ETF could attract new investors and bring XRP closer to mainstream markets.
