Altcoins News
By James Thorp
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Automatic Approval via 8-A Filing. The Form 8-A filing, submitted on November 10, represents the final regulatory step before a new…
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A New Era for XRP and Institutional Access. The Canary XRP ETF is designed to track the spot XRP-USD CCIXber Reference Rate Index, giving…
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Market Reaction: XRP Price Rebounds. The approval comes as XRP’s price gains renewed momentum, rising nearly 10% in the past week.
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Ripple’s Big Win in Regulatory Climate. Industry experts see the Canary XRP ETF approval as a pivotal victory for Ripple, particularly…
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ETF Competition and Market Outlook. The Canary XRP ETF enters a growing but competitive landscape for crypto-based exchange-traded…
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Broader Market Impact. The XRP ETF launch coincides with a rebound across major cryptocurrencies.
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The Bottom Line. The approval of the Canary XRP ETF represents a watershed moment for the crypto market and…
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In a major milestone for Ripple and the broader crypto industry, the Canary XRP ETF has received automatic approval to list on Nasdaq, following its 8-A filing with the U.S.
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According to filings, the ETF will trade under the ticker XRPC, carrying a management fee of 0.50%, and aims to provide investors with direct exposure to XRP’s market performance.
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The Nasdaq exchange has already approved the listing, confirming that XRPC shares are authorized for trading.
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This approval mirrors previous filings for Canary Capital’s Litecoin (LTC) and Hedera (HBAR) ETFs, which were also granted automatic clearance last month.
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The Canary XRP ETF is designed to track the spot XRP-USD CCIXber Reference Rate Index, giving institutional investors transparent exposure to XRP’s real-time price movements.
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Transfer Agent & Administrator: U.S. Bancorp Fund Services
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Cash Custodian: U.S. Bank (affiliate of the transfer agent)
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Digital Asset Custodians: Gemini Trust Company and BitGo Trust Company
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