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

In short

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 belongings.
A lot of fund managers have utilized for altcoin ETFs.

Buyers will doubtless have a second choice to buy shares in an XRP-focused exchange-traded fund this week after Canary Capital submitted a regulatory submitting that might permit its fund to checklist on the Nasdaq alternate.

Nashville, Tennessee-based Canary filed an 8-A kind on Monday, a U.S. Securities and Trade requirement for firms 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 night time, which factors to launch tomorrow or Thursday (immediately is vacation),” wrote Bloomberg Senior ETF Analyst Eric Balchunas in an X put up Tuesday, including: “Not finished deal however all containers being checked. Keep tuned.”

Canary filed 8A for XRP ETF final night time, which factors to launch tomorrow or Thursday (immediately 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 containers being checked. Keep tuned.. pic.twitter.com/gVt9c3psmu

— Eric Balchunas (@EricBalchunas) November 11, 2025

The fund could be the second giving U.S. buyers 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 belongings.

etf.com Senior Analyst Sumit Roy advised Decrypt the Canary merchandise additionally has the potential to draw important inflows due to buyers’ robust 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 turn out to be a $500 million fund in two weeks, which suggests that there’s demand for funds that present publicity to crypto belongings past Bitcoin and Ethereum,” he stated, including that over $100 million in inflows for the the short-term wasn’t out of the query.

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

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

XRP’s worth lately stood at $2.40 per coin after dropping 6.`% over a 24-hour interval, based on crypto markets knowledge supplier CoinGecko. The coin is now over 30% under its July all-time excessive of $3.65.