Canary XRP ETF Likely to Start Trading This Week After SEC Filing

Briefly

Canary Capital proposed XRP ETF might start buying and selling this week.
A Rex-Osprey XRT fund debuted final month and now manages over $138 million in property.
Quite a few fund managers have utilized for altcoin ETFs.

Traders will probably have a second choice to buy shares in an XRP-focused exchange-traded fund this week after Canary Capital submitted a regulatory submitting that would enable its fund to record on the Nasdaq trade.

Nashville, Tennessee-based Canary filed an 8-A kind on Monday, a U.S. Securities and Trade requirement for corporations registering securities. The Canary XRP ETF would observe the spot worth of the fourth largest digital asset by market capitalization.

“Canary filed 8A for XRP ETF final evening, which factors to launch tomorrow or Thursday (at this time is vacation),” wrote Bloomberg Senior ETF Analyst Eric Balchunas in an X put up Tuesday, including: “Not finished deal however all packing containers being checked. Keep tuned.”

Canary filed 8A for XRP ETF final evening, which factors to launch tomorrow or Thursday (at this time is vacation). Thursday was the day we thought they’d be on observe for however after they did the 8A for HBAR they launched the subsequent day. Not finished deal however all packing containers being checked. Keep tuned.. pic.twitter.com/gVt9c3psmu

— Eric Balchunas (@EricBalchunas) November 11, 2025

The fund can be the second giving U.S. traders publicity to an XRP-tracking ETF, following the debut of the Rex-Osprey XRP ETF (XRPR) in September. That fund generated $38 million in its first day, surpassing expectations, and now manages greater than $138 million in property.

etf.com Senior Analyst Sumit Roy advised Decrypt the Canary merchandise additionally has the potential to draw important inflows due to traders’ sturdy curiosity in XRP, and different altcoin-focused ETFs, together with the profitable introduction of Bitwise’s Solana fund two weeks in the past.

“Whereas Solana is arguably extra common than XRP, Bitwise’s Solana ETF managed to grow to be a $500 million fund in two weeks, which suggests that there’s demand for funds that present publicity to crypto property past Bitcoin and Ethereum,” he mentioned, including that over $100 million in inflows for the the short-term wasn’t out of the query.

Rex-Osprey’s XRPR gives traders publicity to the altcoin through a subsidiary registered within the Cayman Islands that’s wholly owned and managed by the fund.

Canary Capital’s utility follows the success of Bitcoin and Ethereum ETFs, which debuted final 12 months and now handle about $139 billion and practically $21 billion in property, respectively. These ETFs and a friendlier U.S. surroundings strengthened demand for different crypto-focused funds. The SEC is presently weighing greater than 90 funds based mostly on single cryptocurrencies, mixtures of tokens and totally different methods.

XRP’s worth not too long ago stood at $2.40 per coin after dropping 6.`% over a 24-hour interval, based on crypto markets information supplier CoinGecko. The coin is now over 30% beneath its July all-time excessive of $3.65.