{"id":112374,"date":"2025-11-12T05:00:10","date_gmt":"2025-11-12T05:00:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=112374"},"modified":"2025-11-12T05:00:10","modified_gmt":"2025-11-12T05:00:10","slug":"xrp-etf-canary-takes-flight-8-a-filing-clears-path-to-nasdaq-listing","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=112374","title":{"rendered":"XRP ETF Canary Takes Flight: 8-A Filing Clears Path To Nasdaq Listing"},"content":{"rendered":"

Canary Capital filed formal paperwork on Monday that could let an XRP-backed ETF start trading on Nasdaq within days. According to the filing, Canary submitted a Form 8-A<\/a> to the US Securities and Exchange Commission on November 10, 2025, a move that registers the fund\u2019s shares under the Exchange Act and begins a regulatory clock that can lead to a listing if no objections are raised.<\/p>\n

Nasdaq Listing Moves Into Final Steps<\/h2>\n

Based on reports, the shares are expected to trade under the ticker XRPC once Nasdaq completes its listing approval and the regulatory waiting period runs its course. The S-1 prospectus filed earlier says the trust\u2019s shares are expected to be listed for trading subject to notice of issuance on the Nasdaq Stock Market.<\/p>\n

Market players say a key legal mechanism is now in motion. Canary<\/a> removed a delaying amendment from its S-1, which triggers a 20-day countdown to automatic effectiveness unless the SEC acts. That change has led some issuers to target a November 13 listing date, though final sign-off by Nasdaq and any SEC comments could shift that plan.<\/p>\n

CEO Steven McClurg at Canary Capital on XRPETF.. #XRP<\/a> pic.twitter.com\/2UnDKdvc4R<\/a><\/p>\n

\u2014 RIZ.. (@RizXRP) November 10, 2025<\/a><\/p>\n

Canary Capital CEO Steven McClurg said the XRP ETF<\/a> could potentially double the gains Solana saw in its first week. He pointed to strong interest in XRP, reflected in its market capitalization and trading activity.<\/p>\n

Fund Details And Fees<\/h2>\n

Reports have disclosed some of the fund\u2019s basic terms. The Canary product lists a management fee of 0.50% and names custodians that are already familiar in crypto ETF work, including Gemini Trust Company and BitGo Trust Company.<\/p>\n

The trust also names US Bank as the cash custodian and US Bancorp Fund Services in an administrative role, according to market write-ups.<\/p>\n

The background numbers help frame the potential scale. According to earlier SEC filings, as of October 8, 2025, the aggregate market value of XRP was about $173 billion, which placed XRP among the top five digital assets by market cap at that date.<\/p>\n

That size is one reason multiple issuers have pushed to bring XRP into ETF wrappers. At the time of writing, XRP\u2019s market cap<\/a> stood at a little over $146 billion.<\/p>\n

Market Reaction And What To Watch<\/p>\n

Price action already reacted. Reports show XRP<\/a> moved sharply higher around news of the filings, with some outlets noting intraday gains as large as 8% on the rumor and filing flow.<\/p>\n

Traders will look for actual listing notices and early volume numbers once trading starts. However, when this report was made, the altcoin has shed<\/a> 3.5% in the last 24 hours.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Canary Capital filed formal paperwork on Monday that could let an XRP-backed ETF start trading on Nasdaq within days. According to the filing, Canary submitted a Form 8-A to the US Securities and Exchange Commission on November 10, 2025, a move that registers the fund\u2019s shares under the Exchange Act and begins a regulatory clock […]<\/p>\n","protected":false},"author":0,"featured_media":112375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-112374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/112374"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112374"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/112374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/112375"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}