🚀 Nasdaq Makes History: XRP ETF Approval Shakes Crypto Markets This Week

Wall Street just blinked—and crypto won.

The big move: Nasdaq greenlights the first-ever XRP ETF, sending shockwaves through traditional finance circles. No more pleading with your broker to 'just trust the blockchain.' Now you can gamble—sorry, invest—with the full faith and credit of the SEC's reluctant stamp.

Why it matters: Institutions get a shiny new toy while retail traders brace for the inevitable volatility. The ETF wraps XRP's wild price swings in a neat regulatory bow—perfect for pension funds who missed the Bitcoin train.

The kicker: Watch legacy finance firms suddenly discover 'blockchain potential' now that there's a 2% management fee attached.

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.