Overview
- Canary Capital filed Form 8‑A on November 10 and has Nasdaq listing approval for ticker XRPC, with analysts saying trading could start as soon as Wednesday or Thursday pending final exchange certification and any SEC action.
- DTCC’s registry shows multiple spot XRP ETFs in active or pre‑launch status from Bitwise, Franklin Templeton, 21Shares, CoinShares and Canary, a preparatory step that does not constitute SEC approval.
- Canary’s fund is a pure‑play spot product filed under the Securities Act of 1933, charging a 0.50% fee and naming Gemini and BitGo as crypto custodians, U.S. Bank for cash custody, and U.S. Bancorp Fund Services and Paralel for administration and distribution.
- XRP rallied roughly 9%–12% into the filings and listings news, then eased toward the mid‑$2.40s, with derivatives activity and trading volumes elevated.
- Bloomberg’s Eric Balchunas flagged the 8‑A as the last procedural step before launch, while Canary CEO Steven McClurg has projected up to $5 billion in first‑month inflows, a forecast rather than guidance.