Overview
- Canary Capital filed Form 8‑A on November 10, registering its shares under the Exchange Act and moving its spot XRP ETF, planned under the Securities Act of 1933, into the final phase for a Nasdaq listing.
- Bloomberg’s Eric Balchunas and exchange watchers say Nasdaq could certify by 5:30 p.m. ET today, enabling a Thursday open if the exchange signs off and the SEC raises no new objections.
- Some outlets have described the ETF as already approved, but reporting from CoinDesk and others clarifies the fund is not effective for trading until Nasdaq certifies the listing.
- DTCC shows multiple spot XRP ETFs in active or pre‑launch status from issuers including Canary Capital, Bitwise, Franklin Templeton, 21Shares, CoinShares and others, signaling operational readiness.
- XRP jumped roughly 9–12% earlier this week before easing to the $2.39–$2.48 range, with higher open interest and volumes, as analysts weigh bullish inflow forecasts against sell‑the‑news risk and recent whale selling.