The race to bring the spot XRP exchange-traded funds (ETFs) to market has reached its final stage. Canary Capital Group LLC has filed Form 8-A for the Canary XRP ETF with the U.S. Securities and Exchange Commission (SEC), marking the last procedural step before trading can begin. Eleanor Terrett, former Fox Business journalist and host of the Crypto in America podcast, shared the document online, noting that the Form 8-A filing represents “the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing.” The filing, dated November 10, 2025, lists the Nasdaq Stock Market as the exchange where the fund’s common shares of beneficial interest will be registered. According to Terrett, when certification occurs, “the last hurdle is cleared and the first XRP spot ETF will be set to launch Thursday at market open.” 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 Context and Market Impact The Form 8-A filing comes after weeks of speculation regarding the timeline for approval of spot XRP ETFs. The U.S. government shutdown, which began in October, temporarily delayed regulatory reviews , including those related to digital asset funds. With the shutdown near its end, XRP has experienced a remarkable resurgence , and filings that had been awaiting administrative clearance appear to be moving forward. If the listing proceeds as reported, Canary’s product could expose XRP to a new market, further boosting its price. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Nasdaq listing will also test market appetite for additional crypto-linked funds beyond Bitcoin and Ethereum, which have dominated the ETF landscape to date. The availability of an XRP-backed product could expand investor participation and liquidity in the digital asset sector, though much will depend on initial trading volumes and custodial arrangements. Positioning for Launch Canary Capital’s submission follows the trend of multiple issuers preparing similar filings. The Depository Trust & Clearing Corporation (DTCC) recently listed nine XRP ETFs , signaling readiness for settlement once approvals are complete. Assuming the certification proceeds as expected, the Canary XRP ETF could debut on Thursday morning, representing a milestone for both the issuer and the XRP ecosystem. Canary Capital CEO Steve McClurg previously predicted that spot XRP ETFs could attract Inflows of up to $5 billion in the first month . This would put XRP in a strong position to close out 2025. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Big Update On Canary Capital XRP ETF: Launch Thursday at Market Open appeared first on Times Tabloid .
