Canary XRP ETF officially listed on Nasdaq
Nasdaq is set to list an ETF based on Canary Capital Group's XRP , marking a major milestone for the cryptocurrency market. XRP is currently the world's fourth-largest cryptocurrency by market Capital .
Nasdaq has certified and approved the Canary XRP ETF, which trades under the ticker symbol XRPC, for listing on the exchange , according to a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. The ETF is expected to officially launch on Thursday .
Crypto ETFs remain listed amid US government shutdown.
Despite the US government shutdown, the SEC is still allowing companies to launch cryptocurrency ETFs , after issuing new guidance.
Under the updated rules, organizations can file an S-1 without including a “ delaying amendment ” – a provision that delays the filing from taking effect for 20 days.
Thanks to this change, ETFs that meet the listing criteria approved by the SEC since September can still be traded normally.
Canary and other “big guys” join the XRP ETF race
As part of the ETF launch process, the issuer must file Form 8-A with the SEC. Canary completed the filing on Tuesday , preparing for the launch of its first XRP ETF .
In addition to Canary Capital Group, a series of other organizations such as Bitwise, 21Shares, WisdomTree, ProShares and Grayscale are also submitting ETF proposals to track XRP , clearly showing the expansion trend in the crypto ETF segment.
REX Shares Paves the Way with First XRP ETF
In September, REX Shares launched an ETF that tracks the price of XRP , but with a unique legal structure .
This ETF is registered under the Investment Company Act of 1940, which protects investors against fraud and conflicts of interest.
According to the prospectus, REX ETF holds XRP directly and invests at least 40% of its assets in other XRP related ETFs . 
Dogecoin ETF and the next wave of crypto ETFs
Not only XRP, Dogecoin (Doge) is also becoming the center of attention. Last September, REX Shares and Osprey Funds launched an ETF tracking Doge with the ticker DOJE , which follows a different legal direction than the XRP ETF.
Other cryptocurrency ETF proposals , including the Grayscale XRP ETF and Dogecoin ETF , could officially take effect on November 23 .
Meanwhile, 21Shares said it will launch an XRP ETF once the US government reopens , according to sources familiar with the matter, The Block reported.
The listing of the Canary XRP ETF on Nasdaq not only solidifies XRP 's position in the crypto market , but also opens up a new wave of ETFs that include Dogecoin, Ethereum, and other digital assets .
Despite the temporary political situation, the momentum for crypto ETF development is still accelerating , reflecting institutional investors' strong belief in the future of blockchain.
The post Canary Capital Group’s XRP ETF Officially Lists on Nasdaq on Thursday – A Big Move Amid US Government Shutdown appeared first on CoinMoi .
