Key Takeaways
- Launch expected Thursday: SEC and Nasdaq approvals nearly complete.
- First of its kind: Direct XRP exposure via a U.S.-based ETF.
- Market impact: Ripple up 10% amid growing investor anticipation.
Canary Capital’s Spot XRP ETF Could Launch Thursday After SEC Filing
The long-awaited spot XRP ETF may debut this week, as Canary Capital moves closer to becoming the first U.S. firm to launch a fund directly holding Ripple . Following a crucial SEC Form 8A filing, industry experts believe the ETF could hit markets as early as Thursday—a milestone moment for both investors and the broader crypto ecosystem.
SEC Filing Signals Final Countdown
Crypto investment firm Canary Capital submitted its Form 8A with the Securities and Exchange Commission (SEC) on Monday night, a mandatory step before securities can trade on an exchange.
Bloomberg’s senior ETF analyst Eric Balchunas noted that similar filings, such as those for Hedera’s ETFs, have historically preceded next-day launches. “Not a done deal but all boxes are being checked,” Balchunas said, hinting that a Thursday launch is highly probable.
Also Read: XRP Investors Alert: SEC Review Could Trigger Explosive Gains
Crypto reporter Eleanor Trent added that the Nasdaq certification, expected by Wednesday at 5:30 PM ET, would be the last hurdle before the ETF goes live.
A Historic First for XRP
If confirmed, the Canary Capital XRP ETF will be the first U.S.-based exchange-traded fund to directly hold Ripple under the Securities Act of 1933. Unlike previous crypto-linked products that used offshore holdings, this ETF would offer direct exposure to the digital asset itself—a move that could attract both institutional and retail investors seeking regulated XRP access.
Also Read: Can XRP Mirror Tesla’s Meteoric Rise? History Suggests It’s Possible
The announcement comes as optimism returns to the market, with Ripple prices up 10% in the past week to $2.40, according to CoinGecko.
More XRP ETFs in the Pipeline
Canary Capital isn’t alone. The Depository Trust and Clearing Corporation (DTCC) lists several other firms—21Shares, ProShares, Bitwise, REX-Osprey, CoinShares, Amplify, and Franklin Templeton—with pending spot XRP ETF applications.
As the U.S. government’s recent shutdown winds down, analysts expect multiple crypto ETFs to clear regulatory backlogs in quick succession.
Conclusion
If Canary Capital’s spot XRP ETF launches this week, it will mark a historic turning point for crypto accessibility in U.S. markets—potentially paving the way for a wave of institutional interest in Ripple and beyond.
