First Spot XRP ETF Officially Lists on Nasdaq

The first XRP spot ETF has officially become effective following its approval and certification by the U.S.-based exchange Nasdaq. 

Crypto journalist Eleanor Terrett reported that Nasdaq has approved and certified the listing of Canary’s XRP ETF, which will trade under the ticker symbol XRPC. The certification took place at 5:30 p.m. (ET) on Wednesday, marking the final procedural step before the fund’s official launch.

Trading to Commence Today After Nasdaq Approval 

Terrett shared an official statement from Nasdaq confirming its certification of the ETF’s Form 8-A filing, originally submitted on November 10, 2025. 

The statement noted that Nasdaq had approved the listing and registration of the ETF upon receiving the official notice of issuance, effectively clearing the way for the XRPC ETF to debut on the market. 

With this approval, the Canary XRP ETF will officially commence trading today once the U.S. markets open. Once launched, it will allow investors to gain direct exposure to XRP through a regulated U.S. exchange-traded product that holds only the token itself.

Canary CEO Celebrates Approval 

In a statement sent to Terrett, Steven McClurg, Canary’s CEO, expressed excitement about the approval of XRPC. He referred to the fund as the first-ever single-token spot XRP ETF in the United States. 

McClurg acknowledged the contributions of key figures within the SEC, including Chairman Paul Atkins and Commissioner Hester Peirce, for their roles in making the ETF launch possible.

The SEC, led by Atkins, has pursued a more crypto-friendly regulatory stance since the start of Donald Trump’s second administration. The efforts created the regulatory environment that ultimately enabled the ETF’s approval. 

More Spot XRP ETF Underway 

Besides XRPC, more spot XRP ETFs are also to launch in the U.S. under the automatic effectiveness route. Other prospective issuers, such as Franklin Templeton and 21Shares, have removed the delay amendment from their XRP ETF S-1 registration statements. Their potential launch date is for later this month, unless the U.S. SEC objects. 

Meanwhile, the prolonged government shutdown, which prompted issuers to seek automatic effectiveness for their XRP ETFs, has finally ended. This comes after President Trump signed the funding bill into law, reopening the government. 

With this development, U.S. federal agencies, including the SEC, which had been affected by the shutdown, will resume full operations.

As a result, the SEC will determine whether to let upcoming spot XRP ETFs from other issuers launch through the automatic effectiveness process or to approve all pending applications simultaneously.