Canary XRP ETF Set for Nasdaq Launch The first spot XRP ETF is ready to trade after agency shutdown delays, kicking off a race among issuers to capture early market share.
Posted November 13, 2025 at 9:05 am EST.
The Canary XRP exchange-traded fund (ETF) is officially set to debut on Nasdaq on Thursday, marking the launch of the first pure spot XRP exchange-traded fund in the United States.
The fund, listed under the ticker XRPC, received regulatory and Nasdaq certification late Wednesday, allowing trading to begin at Thursday’s market open.
Other asset managers — including Franklin Templeton, Bitwise, ProShares, and CoinShares — have updated filings and are expected to follow closely with their own spot XRP ETF launches.
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The shutdown of government agencies, including the U.S. Securities and Exchange Commission (SEC), temporarily delayed certification.
Now that the House has passed a set of bills allowing federal agencies to reopen, crypto ETF issuers will be looking to gain a first-mover advantage by launching their funds before competitors.
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