First-Ever XRP ETF Approved for Nasdaq Listing as Canary Secures SEC Green Light

The long wait for an XRP exchange-traded fund is over.

The Canary XRP ETF has received official approval from the U.S. Securities and Exchange Commission (SEC) for listing on the Nasdaq, making it the first XRP-backed ETF to gain registration under U.S. securities law.

The approval was confirmed through a Form 8-A filing, signed by Canary Capital Group CEO Steven McClurg on November 10, 2025. The filing registers the ETF’s shares under the Securities Exchange Act of 1934, paving the way for trading under the ticker “XRPC” within days.

What the Filing Confirms

The SEC registration builds on the earlier Form S-1 submission from October 24, which detailed the ETF’s structure and investment strategy. Managed by Canary Capital Group LLC, the trust will issue common shares of beneficial interest, designed to give investors regulated exposure to XRP through traditional brokerage accounts.

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Market Reaction and Outlook

The announcement has already lifted XRP’s price, fueled by renewed optimism in the crypto market following signs of economic stabilization and policy clarity in Washington. Analysts say the ETF could open the door for institutional investors who previously avoided direct crypto holdings due to regulatory uncertainty.

Market watchers believe this approval could mark a turning point for XRP, similar to the effect that spot Bitcoin and Ethereum ETFs had on their respective ecosystems earlier in the year.