Breaking: Canary XRP ETF Gets Approval with 8-A Filing to List on Nasdaq

Canary XRP ETF gets automatic approval for Nasdaq listing as the issuer submitted an 8-A filing with the U.S. Securities and Exchange Commission (SEC). The spot XRP ETF is expected to start trading later this week.

Meanwhile, XRP price has started gaining upside momentum amid multiple catalysts, including the first spot XRP ETF launch under the 1933 Act and the potential US government shutdown ending this week.

Canary XRP ETF Gets Auto-Effective Approval

Canary filed Form 8-A with the US SEC on November 10, which is the final step before the XRP ETF launch. The spot XRP ETF is now auto-effective and likely to begin trading this week, pending CERT filing for details on the trading date.

According to the latest filing, Nasdaq approved the listing of Canary XRP ETF shares on the exchange under the ticker symbol “XRPC.” It states that a description of the shares is contained in the trust’s “registration statement on Form S-1, filed with the Securities and Exchange Commission on or about October 24, 2025.”

The trust’s investment objective is to provide exposure to XRP. Experts such as Nate Geraci believe XRP ETF launch marks a big win for Ripple against previous anti-crypto regulators.

Canary Capital CEO Steven McClurg says, “XRP ETF will probably double what Solana did in its first week.” He spotlighted demand in XRP as evident from market cap and trading volumes.

Details on Canary XRP ETF (XRPC)

Canary Capital updated its XRP ETF application and cleared SEC delays to launch on Nasdaq this Thursday. This comes after the automatic approval of Canary’s Litecoin and HBAR ETFs last month with 8-A and CERT filings.

The issuer has set a management fee of 0.50%, with no waiver announced yet. In contrast, Bitwise XRP ETF announced a management fee of 0.34%.

The XRP ETF will track the spot price from the XRP-USD CCIXber Reference Rate Index. Notably, U.S. Bancorp Fund Services is the transfer agent and the administrator of the Trust. Whereas, Paralel Distributors LLC is the marketing agent.

Gemini Trust Company and BitGo Trust Company are the custodians. U.S. Bank, an affiliate of the transfer agent, is the cash custodian.

XRP Price Bounces

XRP price has jumped nearly 10% in a week. Trading volume and futures open interest have spiked in the last few days amid anticipation of the Canary XRP ETF launch and the US government shutdown ending.

At press time, the price is trading at $2.48. The intraday low and high are $2.46 and $2.58, respectively. Furthermore, trading volume has increased by 40% in the last 24 hours, indicating interest among traders.

In the daily timeframe, the price is trading below the 50-SMA and 200-SMA, with jitters in traders because of a death cross formation. However, the Canary XRP ETF launch this week can trigger a rebound.

CoinGlass data showed massive buying in the derivatives market. At the time of writing, the total ETH futures open interest jumped 12% to $4.07 billion in the last 24 hours. XRP futures open interest on CME and Binance climbed more than 3% and 12%, respectively.