Breaking: Canary Capital’s Nasdaq-Approved XRP ETF Goes Live Today – Institutional Crypto Just Got Real

Wall Street meets crypto as Canary Capital's XRP ETF debuts with Nasdaq's blessing.

After months of regulatory wrangling, the floodgates open for institutional XRP exposure—no self-custody headaches, just pure tradable exposure.

Why it matters: First-mover advantage meets regulatory credibility. While purists scoff at 'paper crypto,' this ETF could funnel millions in dormant institutional capital into XRP's liquidity pool.

The cynical take: Another product for hedge funds to overleverage before blaming 'volatile crypto markets' for their next blowup. But today? Pure bullish momentum.

• Canary Capital’s XRP ETF receives Nasdaq approval, set to begin trading today under XRPC.
• The ETF is the first spot-based XRP fund to hold XRP directly under the Securities Act of 1933.
• Analysts expect significant inflows for Canary Capital’s XRP ETF, comparing it to early Bitcoin ETFs.

Canary Capital XRP ETF has been approved by Nasdaq to officially start trading today. The fund will be traded under the XRPC ticker and will track the XRP-USD CCIXber Reference Rate Index. This is one of the most important milestones of the cryptocurrency market, and investors will have a classic approach to exposure to XRP.

The ETF is the first complete spot-based XRP fund under the securities Act of 1933. This fund can hold XRP directly, unlike other types of funds. The certification by Nasdaq ensures that the ETF has gone through all the regulatory requirements. Bloomberg analyst Eric Balchunas affirmed that the ETF WOULD launch today.

🚨NEW: As of 5:30 PM ET, @CanaryFunds’ $XRP ETF is officially effective after @Nasdaq certified the listing, clearing $XRPC for launch tomorrow at market open. pic.twitter.com/h3hxVMDhWP

Canary Capital Clears Final Regulatory Step for Nasdaq Approval

Canary Funds submitted its last Form 8-A with the SEC earlier this week, which is the last regulatory MOVE before the Nasdaq approval. The CEO, Steven McClurg, was excited about the launch, as it indicated that the SEC supports free markets.

Canary Capital is a leader in the emerging ETF market, which is crypto-based as a result of the ETF approval. Similar products are also in the works at other companies such as Franklin Templeton, Bitwise, and CoinShares, among others. The DTCC may list these funds soon, resulting in intense competition in the field.

XRP ETF Set to Follow Bitcoin and Ethereum, Analysts Predict

Analysts are expecting major inflows of the Canary Capital XRP ETF, which they compare with the initial years of Bitcoin and ethereum spot ETFs. According to ETF expert Nate Geraci, it will be the fourth single-crypto ETF, after BTC, ETH, and SOL. The ETF release has the opportunity to boost liquidity and attract more investors to the crypto market.

Website for first 1933 Act spot xrp ETF is *live*…

Will be 4th single crypto asset in ETF wrapper after btc, eth, & sol. pic.twitter.com/CMJOjj2bM7

This is in line with a positive change in the market after the US government shutdown was lifted. President TRUMP signed a bill that formally ended the shutdown, and the analysts think that it would inject more life into the economy. This may give a push to such digital assets as XRP.

President Trump signs bill to OFFICIALLY reopen the government, ending the Democrat Shutdown.

Let's get our country WORKING again. 🇺🇸 pic.twitter.com/QJqX90k9sC

Meanwhile, in a recent speech, SEC chairman Paul Atkins has emphasized the establishment of better regulatory frameworks in the cryptocurrency markets. This announcement may assist in opening the door to additional crypto-based funds, such as the XRP ETF offered by Canary Capital, to gain greater regulatory transparency.