Canary Capital’s XRP ETF Nears Nasdaq Listing as SEC Filing Confirms Approval Stage

Canary Capital filed Form 8-A with the SEC, positioning its XRP ETF for a potential Nasdaq debut pending final certification this Thursday.

Eleven XRP ETFs, including issuers like 21Shares, Bitwise, and Franklin Templeton, appeared on the DTCC platform, reflecting broad institutional entry.

Technical analysis from EGRAG CRYPTO shows XRP nearing the end of a 95-month accumulation cycle, forecasting potential upward movement in price trends.

Canary Capital’s XRP ETF edges closer to launch as Nasdaq prepares certification. With multiple XRP ETFs on DTCC’s list, investors anticipate a new phase of institutional adoption and renewed confidence in XRP’s market potential.

Canary Capital’s Form 8-A Marks Key Progress for XRP ETF Listing

According to a Cointelegraph report Canary Capital submitted a Form 8-A for the Canary XRP ETF, registering common shares of beneficial interest under Section 12(b) of the Securities Exchange Act of 1934

The ETF, incorporated in Delaware and sponsored by Canary Capital Group LLC, is headquartered in Brentwood, Tennessee.The document connects to the ETF’s preliminary prospectus filed under Form S-1 (333-282545) on October 24, 2025

This connection suggests the fund is entering its final approval stage for public trading. Steven McClurg, the CEO of Canary Capital, signed the filing on November 10, 2025, confirming that it meets SEC rules

Once Nasdaq gives the final approval, the XRP ETF will start trading at market open

Multiple XRP ETFs Appear on DTCC Platform Ahead of Launch

A post shared by analysts revealed that eleven XRP ETF products have appeared on the DTCC website, signaling expanded institutional entry into XRP investment vehicles

ETFs from issuers including 21Shares, ProShares, Bitwise, Canary, Franklin Templeton, CoinShares, and Amplify.

Each ETF entry contains essential details like the trading symbols, CUSIP numbers, and create/redeem statuses.The expanded lineup demonstrates the growing demand for structured digital asset exposure across traditional investment channels.

Technical Analysis Suggests XRP May Be Entering a Growth Phase

A recent TradingView chart by EGRAG CRYPTO presented a long-term analysis of XRP’s price performance. It outlined historical accumulation periods followed by substantial breakouts, with previous surges delivering gains of up to fourteen times.

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Based on an average breakout multiplier of 6.75x, the chart projects a potential XRP price range of $23.76 to $27.00 if historical patterns repeat. The analysis indicates that XRP could be nearing the end of a lengthy consolidation phase spanning ninety-five months.

At the time of reporting, XRP traded at $2.34 with a 24-hour volume of $4.1 billion. Although the token recorded a 3.92% decline in the past day, it maintained a 2.93% increase over the previous week, suggesting continued market interest ahead of the anticipated ETF era.

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