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XRP ETF expected to launch on Wednesday or Thursday as SEC filing confirms final stage
The long-awaited XRP ETF is on the verge of becoming reality, sparking growing excitement across the market as registration documents and Nasdaq approval indicate that the first U.S. spot XRP fund could begin trading within days.
XRP ETF nears market debut as Canary races to the finish
The first U.S. spot XRP ETF is expected to launch on Wednesday or Thursday, boosting optimism in crypto markets after Canary Capital Group LLC filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) on November 10.
This filing officially registers the ETF shares with the SEC for listing on the Nasdaq Stock Exchange, marking the final step before trading begins.
Bloomberg ETF senior analyst Eric Balchunas said on social platform X (Twitter):
“Canary filed an 8-A for the XRP ETF last night, indicating a launch tomorrow or Thursday (today is a holiday).”
He added:
“Thursday was the day we thought they were targeting, but when they filed 8-A for HBAR, they launched the next day. Not final yet, but all signs point to go. Stay tuned.”
The HBAR ETF mentioned by Balchunas was recently launched by Canary alongside its LTC ETF, reflecting the firm’s rapid expansion of cryptocurrency-based products. The success of these ETFs has strengthened expectations that the XRP ETF will follow a similar path to market.
Eleanor Terrett from Crypto in America believes that the first U.S. spot XRP ETF will debut on Thursday. She wrote:
“Canary funds filed their Form 8-A. That’s the final step before it becomes effective at 5:30 PM ET on Wednesday after Nasdaq certifies the listing. Once that happens, the last hurdle will be cleared, and the first XRP-based ETF will be ready to launch Thursday at market open.”
Canary Capital CEO Steven McClurg said last week:
“We just launched our first two ETFs last week and hope to launch the XRP ETF next week.”
His comment underscores the company’s accelerating push into digital asset investment vehicles. Analysts believe the XRP ETF could attract institutional inflows, improve market liquidity, and foster the integration of cryptocurrencies into the regulated financial system.
FAQ ⏰
When will the first U.S. XRP ETF begin trading?
The XRP ETF is expected to launch on Wednesday or Thursday, pending Nasdaq certification after the SEC filing.
Who is behind the XRP ETF launch?
The issuer is Canary Capital Group LLC, which recently launched LTC and HBAR ETFs.
What does Form 8-A filing mean?
Filing Form 8-A registers ETF shares for Nasdaq listing, marking the final step before trading begins.
How could the XRP ETF affect the market?
Experts say the ETF could attract institutional investors, enhance XRP liquidity, and strengthen crypto’s role in traditional finance.
