Canary XRP ETF Expected To Launch On Thursday: Analysts

The crypto community is gearing up for the launch of the first XRP exchange-traded fund (ETF) after Nasdaq certified the listing of Canary Capital’s XRP ETF.

The exchange of the Nasdaq Stock Market on Wednesday officially notified the US Securities and Exchange Commission has received the Form 8-A filing for the Canary XRP ETF (XRPC).

“The official listing notice for XRPC has come from Nasdaq,” Eric Balchunas, senior ETF analyst at Bloomberg. he wrote on X, adding: “Looks like tomorrow is early for the launch.”

While ETF watchers await Canary spot XRP (XRP) ETF to debut trading on Thursday, the SEC has not yet issued its final approval to begin trading, leaving the debut uncertain in the open market.

The sixth unique crypto asset ETF

Nate Geraci, president of NovaDius Wealth Management, caught up with X on Thursday to report that Canary had launched its website for the Canary XRP ETF, which highlights the likely trading launch soon.

“Canary Capital will be the first to the market”, Geraci he saidadding that its XRP ETF would be the sixth single crypto asset in the ETF portfolio after Bitcoin (BTC), ether (ETH), Solana (SOL), Litecoin (LTC) and Hedera (HBAR).

Other industry observers, including Eleanor Terrett of Crypto America, shared optimism about X, noticing that Nasdaq had “cleared XRPC for launch to the open market” on Thursday, but some cautioned that the exchange’s letter was procedural and did not authorize trading.

Related: Canary Capital spot XRP ETF filing signals were launched this week

“The Nasdaq letter itself does not say that the ETF is effective – it only says that Nasdaq has approved the listing and joins the registrant’s request for SEC effectiveness,” a commenter said. he wroteadding that the certification is a “routine procedural letter, not confirmation that trading will begin.”

The highly anticipated launch of Canary’s XRP ETF comes after weeks of speculation, with ETF experts such as Geraci predicted his debut two weeks ago. The potential launch follows close on the heels of US President Donald Trump signing a bill into law on Wednesday officially ending the longest government shutdown in history.