In a landmark moment for the cryptocurrency market, Canary Funds has officially filed its Form 8-A registration with the U.S. Securities and Exchange Commission (SEC), signaling that the first U.S. XRP spot ETF is ready for launch. The ETF is expected to go live Thursday at market open, following Nasdaq’s certification of the listing late Wednesday evening.
The filing represents the final procedural requirement before the fund becomes active under the Securities Exchange Act of 1934. Once effective, the Canary XRP ETF will trade under the ticker XRPY on the Nasdaq Stock Market, offering investors direct exposure to the price performance of XRP without the need to hold the underlying token.
🚨NEW: @CanaryFunds has filed its Form 8-A. This is the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing. When that happens, the last hurdle is cleared and the first $XRP spot ETF will be set to launch Thursday at market open. pic.twitter.com/mXvkrrXbiJ
— Eleanor Terrett (@EleanorTerrett) November 11, 2025
Regulatory Milestone for XRP and Digital Assets
The XRP ETF’s approval follows years of regulatory contention surrounding XRP’s classification and marks a breakthrough for the digital asset’s institutional adoption. Industry observers note that this listing could broaden XRP’s accessibility among mainstream investors, paving the way for larger asset managers to explore XRP-related products.
“This is the final step, once Nasdaq certifies, the first XRP spot ETF will be set to launch,” reported Eleanor Terrett of FOX Business, who confirmed the filing earlier today.
With Bitcoin and Ethereum ETFs already transforming institutional access, XRP’s entry into the regulated ETF space signals another major leap in the integration of digital assets into traditional finance.