Overview
- Canary Capital’s Form 8-A filed on Nov. 10 made the registration auto-effective, completing the last procedural step before launch.
- Nasdaq has approved the shares for listing, with trading expected to begin later this week, targeting a Nov. 13 start date as reported by issuers and market outlets.
- The fund will charge a 0.50% management fee and track the XRP-USD CCIXber Reference Rate Index, according to the prospectus.
- Service providers include U.S. Bancorp Fund Services as transfer agent, Gemini Trust and BitGo Trust as custodians, and Paralel Distributors for marketing operations.
- XRP trades near $2.45 as analysts cite potential short-term targets in the $2.70–$3.50 range, while multiple rival XRP ETFs remain in DTCC pre-launch status without guaranteed approval.