First Single-Token XRP ETF Officially Lists on Major US Exchange

Canary Capital’s spot XRP exchange-traded fund (ETF) is gearing up to commence trading today after Nasdaq certified the product’s Form 8-A filing at 5:30 p.m. ET. The ETF has already been listed on Nasdaq, with trading expected to commence later today when U.S. markets open. 

Commenting on the development in a statement to pro-crypto journalist Eleanor Terrett, Canary’s CEO Steven McClurg expressed excitement about the Nasdaq certification. He noted that the first single-token spot XRP ETF has become effective with support from SEC leadership, especially Chairman Paul Atkins and Commissioner Hester Peirce. 

🚨NEW: @CanaryFunds CEO @stevenmcclurg gave me this statement on the $XRPC spot ETF:

"We are very excited to go effective with the first single-token spot XRP ETF. This would not have been possible without the leadership of Chairman Atkins, Commissioner Pierce, and all the… https://t.co/PPCJfZWIA4

— Eleanor Terrett (@EleanorTerrett) November 12, 2025

Documentation shared by Terrett shows that Nasdaq confirmed the certification of Canary’s XRP ETF Form 8-A filing. In a letter dated November 12, 2025, Nasdaq Senior Vice President Eun Ah Choi notified the SEC that the exchange received the issuer’s Form 8-A 12(b) submission on November 10. 

The letter states that Nasdaq approved the security for listing and registration following the official issuance of the notice. The certification finalized the review process for Canary’s XRP ETF, positioning the fund, listed under the ticker XRPC, to begin trading at the market open on Thursday.

This decision paves the way for the launch of the first instance of a single-asset spot XRP ETF in the United States. Meanwhile, other prospective issuers are also vying to launch similar products in the country via the automatic effectiveness route. 

21Shares and Franklin have already updated their spot XRP ETF S-1 applications, removing the delayed amendment and preparing for a potential launch later this month. However, with the U.S. government reopening, the SEC is expected to either approve all pending XRP ETF applications simultaneously or provide additional comments for further review.

Canary Files for First MOG ETF

Meanwhile, Canary has filed for an ETF tied to the meme-based cryptocurrency MOG. The preliminary prospectus states that the “Canary MOG ETF” will operate as a trust issuing shares of beneficial interest for trading on a registered exchange. The trust will hold MOG directly and track its price without adding any fees or liabilities beyond those listed in the filing.

ETF analyst James Seyffart highlighted the submission, noting that it represents the first attempt to introduce MOG Coin into a regulated exchange-traded structure. The filing lists Canary Capital Group LLC as the sponsor, and the firm also backs other recent digital-asset ETFs, including an HBAR-based product.