en.cryptonomist.ch
Nasdaq has issued a listing notice for the XRP ETF from Canary, clearing the way for trading on the exchange.
Summary
What does Nasdaq’s listing notice signal?
Bloomberg’s Eric Balchunas said the the Canary XRP ETF (XRPC) received an official notice from Nasdaq, finalizing the process to make it publicly tradable. According to a report on the listing notice, the exchange’s confirmation is both regulatory and operational.
In practice, a Nasdaq listing notice tells brokers, institutions, and retail investors that a product is cleared to trade from its “effective date.” However, it does not set an explicit time of day. That said, trading typically commences at the next available market open once the effective date arrives.
When will the XRP ETF start trading on Nasdaq?
The issuer indicated that XRPC will be tradable on Nasdaq starting November 13. It is slated to begin on Thursday in the US. Moreover, filings referenced by coverage such as this Yahoo Finance filing note align with a launch that follows the effective date.
This vehicle is described as the first “pure” spot-based exchange-traded fund tracking XRP in the US. However, the canary xrpc etf arrives as interest in spot cryptocurrency ETF products broadens across the market.
What other XRP funds are in the pipeline?
Similar products from Franklin Templeton and Bitwise are also being prepared, according to multiple industry updates. Moreover, recent Crowdfund Insider coverage suggests more issuers could follow quickly if initial demand proves strong. That said, timelines can shift as listing operations and market-making logistics finalize.
For investors seeking etf xrp exposure, the debut provides an exchange-traded route to participate via a regulated venue. Meanwhile, brokers will coordinate access in line with the product’s effective date and liquidity conditions.
In summary, the Nasdaq notice confirms trading for XRPC from November 13 as the first pure spot product tracking XRP in the US. However, more issuers are lining up. For the market, this xrp etf milestone could accelerate institutional participation and broaden on-exchange liquidity.