Canary Capital Set to Launch First U.S. Spot XRP ETF This Week
Canary Capital is making to launch the first-ever U.S. spot XRP ETF this week representing a huge step for altcoin adoption on Wall Street.
Quick overview
- Canary Capital is set to launch the first-ever U.S. spot XRP ETF this week, marking a significant milestone for altcoin adoption on Wall Street.
- The ETF launch could occur as early as Thursday, November 13, following a crucial filing with the U.S. SEC.
- Canary's Form 8-A filing represents the final regulatory step before trading can begin, allowing investors to gain exposure to XRP's market price without holding the tokens themselves.
- The growing interest in altcoin ETFs is reflected in recent successful launches for Solana, Litecoin, and Hedera, indicating increasing regulatory confidence in digital assets.
Canary Capital is making to launch the first-ever U.S. spot XRP ETF this week representing a huge step for altcoin adoption on Wall Street. The launch might take place as early as Thursday November 13, following the company’s key filing with the U.S. SEC.
However the Bloomberg ETF analyst Eric Balchunas Canary filed a Form 8-A with the SEC late Monday a final demand before a fund can be listed on an exchange. Balchunas claimed the filing “points to a launch tomorrow or Thursday,” similar to the recent launches of Solana and Hedera ETFs.
Crypto journalist Eleanor Trent verified that once Nasdaq certifies the listing, the ETF must go live at market open on Thursday, marking a new chapter in crypto-based investment products.
Why the Form 8-A Filing Matters
Canary’s filing reflects the final regulatory step just before trading can begin. In contrast to XRP products that depend on offshore holdings Canary’s ETF was activated under the Securities Act of 1933 which allows it to right away hold XRP tokens. This means investors can get exposure to XRP’s real market price despite owning or storing the token their own.
🚨 BREAKING NEWS 🚨
The SEC has officially approved the first-ever Spot #XRP ETF in the United States! 🇺🇸
Introducing the Canary Capital Spot XRP ETF, set to launch soon.💥 The moment the crypto world’s been waiting for is finally here! 💥 pic.twitter.com/mJaOheWTpS
— CryptoSensei (@Crypt0Senseii) November 11, 2025
This take on simplifies access for both retail and institutional investors, decreasing risks linked to crypto custody or exchange hacks.
Growing Institutional Appetite for Altcoin ETFs
The launch comes when a surge in altcoin ETF approval. In most recent weeks ETFs for Solana (SOL), Litecoin (LTC) and Hedera (HBAR) have efficiently appeared. Also showing increasing regulatory confidence in digital assets besides Bitcoin and Ethereum.
Canary and Bitwise led this wave of new ETFs with the same auto-effective process under Section 8(a), which lets registration to go live automatically until the SEC objects
Bitwise’s Solana ETF (BSOL) saw an amazing $56 million in trading volume on its first day, growing to $72 million by day two. Hedera and Litecoin ETFs also noticed constant investor interest, showing that the market is ready for a lot regulated crypto products.
XRP’s Price and Market Response
The price of XRP has grown nearly 10% in the past week right now trading around $2.40 according to CoinGecko. Analysts say this shows growing hope about the ETF’s approval and launch.
Yet experts warn that XRP’s price may not spike instantly after the ETF goes live as much of the excitement could still be “priced in.” However long-term expectations for XRP stay strong due to increasing institutional participation.
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