Overview
- Nasdaq certified Canary Capital’s listing late Wednesday, and the Form 8‑A filing triggered automatic effectiveness, clearing XRPC to open for trading today.
- The ETF is the first U.S. exchange-listed single‑token, spot XRP fund and trades on Nasdaq under the ticker XRPC.
- The product holds XRP directly with custody by Gemini Trust Company and BitGo Trust Company, tracks the XRP‑USD CCIXber reference rate, and charges a 0.50% management fee.
- XRP rallied into the launch with higher volumes and a pickup in new wallet creation, though on-chain data showed some whale distribution ahead of the open.
- Issuers including Franklin Templeton, Bitwise, CoinShares, and 21Shares have similar spot XRP ETFs in the pipeline following the accelerated Section 8(a) pathway used here.