Canary Capital has filed Kind 8-A with the SEC, setting the stage for the primary spot XRP ETF to launch on November 13, pending approval from Nasdaq.
The transfer marks a serious step in increasing regulated crypto ETFs past Bitcoin and Ethereum. It additionally indicators rising institutional acceptance of altcoins.
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Canary Pushes XRP Towards Wall Road
The submitting follows Canary’s earlier determination to take away the “delaying amendment” from its S-1 registration. This motion triggered the auto-effective route underneath Part 8(a). It permits the registration to go stay mechanically after 20 days until the SEC objects.
Market analysts see the 8-A submitting as the ultimate regulatory hurdle earlier than buying and selling begins. The fund is predicted to launch on the market open on November 13. It contributes to the rising wave of altcoin ETFs, which has revived curiosity in digital property.
Canary filed 8A for XRP ETF final night time, which factors to launch tomorrow or Thursday (in the present day is vacation). Thursday was the day we thought they’d be on monitor for however once they did the 8A for HBAR they launched the subsequent day. Not executed deal however all bins being checked. Keep tuned.. pic.twitter.com/gVt9c3psmu
— Eric Balchunas (@EricBalchunas) November 11, 2025
This growth follows every week of profitable altcoin ETF launches. Merchandise for Solana, Litecoin, and Hedera have strengthened confidence in crypto-based funding automobiles. These strikes recommend broader regulatory consolation with digital asset merchandise.
A spot XRP ETF would let each retail and institutional buyers achieve publicity to the token with out holding it instantly. This reduces issues about custody and alternate threat.
It additionally highlights the rising acceptance of digital property past Bitcoin and Ethereum. The success of latest altcoin ETF launches confirms this broader curiosity.
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Institutional Urge for food For Altcoins Grows
Canary’s newest submitting comes following a surge in altcoin ETF launches this week. Bitwise and Canary launched their Solana, Litecoin, and Hedera ETFs utilizing the identical auto-effective course of.
As BeInCrypto beforehand reported, Bitwise’s Solana ETF (BSOL) set a document with $56 million in first-day buying and selling quantity. On the second day, BSOL reached $72 million in quantity, highlighting elevated institutional demand for regulated altcoin merchandise.
Litecoin and HBAR ETFs adopted with comparatively modest exercise. HBAR recorded $8 million in first-day trades, whereas Litecoin noticed $1 million.
Notably, prospects for an XRP ETF seem optimistic given the efficiency of earlier merchandise.
REX-Osprey’s XRPR, which launched in mid-September 2025, has attracted notable demand. On launch day, XRPR logged $24 million in quantity throughout the first 90 minutes, 5 instances the amount of earlier XRP-based futures contracts. By late October, XRPR topped $100 million in property underneath administration.
This efficiency highlights the rising institutional curiosity in regulated XRP publicity. It additionally units excessive expectations for Canary’s upcoming launch.
