Overview
- Nasdaq’s November 12 certification confirms the Canary XRP ETF will list on the Nasdaq Global Market with trading set for November 13.
- The ETF will trade under ticker XRPC, track the XRP-USD CCIXber Reference Rate, and carry a 0.50% annual management fee.
- Gemini Trust Company and BitGo Trust Company will handle custody, and U.S. Bancorp Fund Services will serve as administrator and transfer agent.
- Canary Capital filed Form 8-A on November 10, triggering automatic effectiveness of its registration under Section 8(a).
- Bloomberg’s Eric Balchunas noted the approval and suggested the launch could occur as early as the following day, reinforcing the near-term timing.