Overview
- Canary Capital filed Form 8-A on November 10, and analysts say Nasdaq certification expected by late Wednesday could allow trading as soon as Thursday.
- DTCC lists multiple U.S. spot XRP ETFs in pre-launch status from issuers including Bitwise, Franklin Templeton, 21Shares and CoinShares.
- XRP is near $2.40 after jumping roughly 9–12% on the ETF filings and listing updates, with futures open interest elevated and intraday swings increasing.
- The Canary fund is a Securities Act of 1933 product that holds XRP directly, unlike Rex‑Osprey’s September launch under the 1940 Act; filings cite a 0.50% fee and Gemini and BitGo as custodians.
- Market commentary projects sizable early inflows if trading begins, while warning of possible “sell the news” pressure and recent whale selling that could weigh on price.