Community expects the first US spot XRP ETF to launch on Thursday
1 min read
The crypto community is bracing for the launch of the first spot XRP exchange-traded fund (ETF) after Nasdaq certified the listing of Canary Capital’s XRP ETF.
The Nasdaq Stock Market exchange on Wednesday officially
“The Nasdaq letter itself does not say the ETF is effective — it only says Nasdaq approved the listing and joined the registrant’s request for SEC effectiveness,” one commentator wrote, adding that the certification is a “routine procedural letter, not confirmation that trading will start.”
Canary’s highly anticipated XRP ETF launch comes after weeks of speculation, with ETF experts such as Geraci predicting its debut two weeks ago. The potential launch follows closely on the heels of US President Donald Trump signing a bill on Wednesday to officially end the longest government shutdown in history.
While Bitcoin and Ether ETFs each began trading the day after their respective SEC approvals, newer ETFs such as Solana, Litecoin and Hedera launched the next day after their exchange listings under the regulator’s newly adopted procedures.
With trading going live on Oct. 28, some ETF observers have suggested that these new crypto funds relied on “automatic effectiveness” provisions during the government shutdown.
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