Nasdaq – the world's largest stock exchange – has just confirmed that it will list Canary Capital Group's XRP ETF.
Nasdaq confirmed on November 13 that Canary's ETF has been fully approved for listing, according to a filing with the US Securities and Exchange Commission (SEC) on Wednesday. The fund will officially trade on November 14, under the ticker symbol XRPC.
In addition, Canary Capital completed its Form 8-A filing on Tuesday, the final step before the ETF can be publicly traded. In addition to Canary, a number of other financial institutions, including Bitwise, 21Shares, WisdomTree, ProShares, and Grayscale, are also lining up to launch similar ETFs tracking XRP.
Notably, the SEC previously issued new guidance allowing companies to file S-1s without a “deferred amendment” – a Capital step that typically takes months to review. Under the new process, if the ETF meets the listing criteria, it can automatically become effective after 20 days, significantly shortening the time to launch.
