Nasdaq has officially certified the Canary Capital XRP Exchange-Traded Fund (ETF) for trading, confirming that all regulatory hurdles have been cleared. The launch marks a major step for digital asset integration into traditional finance, coming just hours after the U.S. government ended its record 43-day shutdown.
According to financial journalist Eleanor Terrett, the certification allows Canary Capital to debut the ETF under the ticker XRPC, which will track the XRP-USD CCIXber Reference Rate Index. This means investors can now gain direct exposure to XRP through standard brokerage platforms—without holding the cryptocurrency directly.
The ETF’s certification positions Canary Capital as the first issuer to introduce a fully spot-based XRP ETF registered under the Securities Act of 1933, allowing the fund to hold XRP outright rather than derivatives. Bloomberg ETF analyst Eric Balchunas also confirmed that trading begins today.
Key highlights of the XRP ETF launch:
- Ticker: XRPC
- Tracking Index: XRP-USD CCIXber Reference Rate
- Issuer: Canary Capital
- Regulatory Basis: Securities Act of 1933
The approval follows Canary Funds’ Form 8-A filing with the U.S. Securities and Exchange Commission (SEC) earlier this week — the final step required before Nasdaq certification. CEO Steven McClurg expressed confidence that this milestone would “bridge institutional demand and blockchain innovation.”
Investor Anticipation Builds Ahead of Launch
The ETF’s debut comes amid a surge of filings from other asset managers, including Franklin Templeton, Bitwise, CoinShares, and 21Shares, all preparing their own XRP-based investment products. Data from the Depository Trust & Clearing Corporation (DTCC) indicates that several of these ETFs may soon follow Canary’s lead.
Analysts expect strong inflows into the XRPC fund, comparing the enthusiasm to the early trading days of Bitcoin and Ethereum spot ETFs. ETF expert Nate Geraci noted that this product will become the fourth single-crypto ETF to hit the U.S. market, joining BTC, ETH, and SOL.
Broader Market Sentiment Turns Positive
The ETF’s certification also coincides with renewed optimism in Washington, after President Donald Trump signed a bill reopening the U.S. government. The move restored confidence across risk assets, including digital currencies.
Analysts suggest that the return of government operations could unlock liquidity and support crypto adoption, particularly for coins like XRP.
Meanwhile, SEC Chair Paul Atkins, in a recent policy address, stressed the need for clearer regulatory frameworks for crypto, signaling a potential shift away from enforcement-driven oversight toward structured market integration.
As the XRPC ETF begins trading, market watchers see this as a defining moment for crypto’s mainstream acceptance—positioning XRP alongside Bitcoin and Ethereum in the next wave of institutional adoption.