XRP ETF News: First U.S. Spot of Rpple Linked ETF Could Go Live on Thursday
CoinDesk
Canary Funds' pure spot XRP ETF could list on Thursday after filing the final procedural step with the SEC.Summary
Canary Funds' XRP Trust is poised to become the first pure spot XRP exchange-traded fund (ETF) in the United States, following its Form 8-A filing with the SEC on Tuesday. This filing signals readiness for trading, with Nasdaq certification expected by Wednesday evening, clearing the way for a potential Thursday market open. Unlike structures offering partial exposure, this ETF will provide direct, one-to-one spot XRP backing under the Securities Act of 1933. A successful launch is anticipated to expand XRP's liquidity and potentially attract registered investment advisers, marking a significant milestone for Ripple's ecosystem nearly two years after spot Bitcoin ETFs debuted.
(Source：CoinDesk)