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Nasdaq Announces Official Listing for Spot XRP ETF

Nasdaq Announces Official Listing for Spot XRP ETF

Nasdaq’s certification of Canary Capital’s spot XRP ETF, set to debut Thursday, marks the first U.S. listing of its kind and signals a major expansion of institutional crypto access beyond Bitcoin and Ethereum.

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Fact Check
The evidence from the provided primary sources strongly supports the truthfulness of the statement. A majority of the high-authority sources (including reports from Nasdaq's own website, Yahoo Finance, and TradingView) explicitly confirm that Nasdaq has issued an official listing notice or approved the listing for a spot XRP ETF from a company named Canary Funds/Canary Capital. Several sources corroborate key details, such as the associated Form 8-A filing with the SEC and a prospective trading start date. Reputable financial journalists and ETF analysts are cited, further strengthening the claim's credibility. While one or two sources use more speculative language or describe the process as awaiting final certification, they do not directly contradict the more definitive reports. The overwhelming weight and consistency of the evidence from multiple credible outlets indicate that Nasdaq has indeed announced the official listing.
Summary

Nasdaq has certified the first U.S. spot XRP exchange-traded fund, issued by Canary Capital under ticker XRPC, with launch scheduled at the U.S. market open on Thursday. Custodied by Gemini Trust Company and BitGo Trust Company, and priced via the CoinDesk XRP CCIXber benchmark, the ETF expands spot-crypto ETPs beyond Bitcoin and Ethereum. XRP’s price rose 3.28% to $2.48, with trading volume up 31% as traders positioned for the event. Over 21,000 new XRP wallets were created in 48 hours, the largest network growth in eight months, while whale wallets sold roughly 90 million XRP. Analysts expect institutional flows to mirror earlier spot ETF adoption cycles.

Terms & Concepts
  • Spot XRP ETF: An exchange-traded fund that directly holds XRP cryptocurrency, allowing investors exposure without owning the asset themselves.
  • CoinDesk XRP CCIXber benchmark: A market pricing reference for XRP developed by CoinDesk, used as the ETF's official pricing source.
  • Custody: The safekeeping of cryptocurrency assets by regulated entities, ensuring security and compliance for institutional investments.