Canary Capital Files for XRP Spot ETF Launch

Canary Capital has officially filed Form 8-A with the U.S. Securities and Exchange Commission (SEC), signaling the imminent arrival of the long-awaited XRP Spot ETF. According to financial journalist Eleanor Terrett, the ETF is expected to go live this Thursday, pending final certification from the Nasdaq exchange.

The filing of Form 8-A is a key procedural step, commonly used to register securities that are intended to trade on national exchanges. This means the ETF could begin trading almost immediately after approval — a potential game-changer for the XRP ecosystem and broader crypto markets.

What the ETF Means for Investors

The XRP Spot ETF will give both retail and institutional investors regulated access to XRP without requiring direct ownership or crypto wallets. This opens the door to a wider pool of participants who have so far stayed out of the market due to technical barriers or regulatory concerns.

Once Nasdaq gives the green light, XRP will become one of the few cryptocurrencies with a spot ETF trading on a major U.S. exchange — joining the likes of Bitcoin and Ethereum, which recently had their own spot ETF launches.

Market analysts expect increased demand and price volatility following the ETF launch. XRP prices have already shown signs of movement as speculation ramps up.

Regulatory Significance of This Move

This development could also mark a shift in regulatory sentiment toward Ripple Labs and XRP. While XRP’s legal status has been under scrutiny for years due to the SEC’s lawsuit against Ripple, this ETF filing suggests growing acceptance of XRP as a legitimate financial asset.

Moreover, Canary Capital’s decision to move forward — even amid lingering regulatory uncertainty — is a bold signal to the market. If successful, it may encourage other firms to follow suit with more crypto ETF offerings.