Tag: crypto-related

First Ever XRP Spot ETF Gets Approval, Here is Timeline to Launch

**Spot XRP ETFs Set to Begin Trading in the US as Canary Capital Clears Final Regulatory Step**

*Written By: TheCryptoBasic*

The long-awaited spot XRP ETFs are set to begin trading in the United States after the issuer completed the final regulatory step required for its exchange listing. Canary Capital has filed a Form 8-A for its spot XRP ETF, which will become effective once approved by Nasdaq.

This latest filing comes weeks after the asset manager amended its S-1 application by removing the “delay” clause, which typically prevents the fund from launching without approval from the SEC’s Division of Corporation Finance.

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### Launch Timeline for Canary Capital XRP ETF

Yesterday, Canary filed a Form 8-A application for its spot XRP ETF, marking a crucial step toward bringing the fund to market. According to crypto journalist Eleanor Terrett, this filing is the final step before the ETF becomes effective. It paves the way for its shares to be listed on Nasdaq.

Terrett noted that Canary’s spot XRP ETF will become effective today at 5:30 p.m. (ET), once Nasdaq certifies and approves the Form 8-A application. Following that approval, the XRP spot ETF is expected to begin trading when U.S. markets open on Thursday, November 14, 2025.

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### Is Canary XRP ETF the First of Its Kind?

Terrett’s remarks have sparked widespread excitement among XRP enthusiasts eager for the launch of what she described as the first spot XRP ETF. However, popular ETP provider REX Shares quickly clarified that the upcoming Canary product is **not** the first of its kind in the United States.

It is worth mentioning that the REX RP ETF was launched under the Investment Company Act of 1940. The REX-Osprey fund provides only partial spot exposure to XRP and employs a less efficient tax structure.

While XRPR does hold XRP, its prospectus indicates that it invests in a mix of crypto-related ETFs, U.S. Treasuries, and money market funds, making it quite different in composition from the Canary fund.

In contrast, Terrett emphasized that the upcoming Canary fund is the first **pure-play XRP ETF** structured under the 1933 Securities Act. The pro-crypto journalist confirmed that the Canary XRP ETF will provide 100% exposure to XRP, with no other assets included.

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**Disclaimer:**
This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s official position. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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### About the Author

**Lele Jima** is a cryptocurrency enthusiast and journalist focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related topics, Jima is a lover of sports and music.

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Stay tuned for more updates on cryptocurrency ETF launches and market analysis.
https://thecryptobasic.com/2025/11/12/first-ever-xrp-spot-etf-gets-approval-here-is-timeline-to-launch/

Bitwise and Grayscale Push Ahead: XRP and Dogecoin ETFs Set to Launch Without SEC Approval

**Bitwise and Grayscale Launch XRP & Dogecoin ETFs Despite SEC Delay**

Bitwise and Grayscale are moving ahead with plans to launch crypto exchange-traded funds (ETFs) tracking XRP and Dogecoin, despite delays and regulatory silence from the U.S. Securities and Exchange Commission (SEC). Both firms have publicly disclosed the management fees for their ETFs even without official SEC approval, adopting an unconventional approach by listing their products without waiting for the agency’s sign-off.

### Bitwise’s XRP ETF Moves Forward Amid SEC Uncertainty

Bitwise plans to launch its XRP ETF with a management fee of 0.34%. This move comes amid ongoing SEC regulatory silence caused in part by the U.S. government shutdown. Bitwise is following a strategy similar to its recent Solana ETF launch, which experienced strong inflows on its first day of trading.

The current crypto ETF market is experiencing increased activity, and Bitwise is leveraging this momentum. The government shutdown has limited the SEC’s ability to review and approve new filings, which has created an opening for firms like Bitwise to bypass traditional delays.

Using new SEC listing standards, Bitwise aims to list the XRP ETF without requiring direct SEC approval. The firm’s previous ETF launches, such as the Solana ETF that raised $56 million on debut, serve as encouraging benchmarks. Bitwise expects that its XRP ETF will tap into similar market enthusiasm. If successful, this could set a precedent for faster crypto ETF launches, even amid regulatory uncertainty.

### Grayscale’s Dogecoin ETF Follows a Similar Path

Grayscale has also adopted a proactive approach by filing to launch both XRP and Dogecoin ETFs. The firm disclosed a management fee of 0.35% for these products. Like Bitwise, Grayscale is navigating the ambiguous regulatory environment to bring its crypto ETFs to market.

Grayscale’s decision to launch without SEC approval follows its previous strategy with the Solana ETF, which it listed prior to receiving the SEC’s greenlight. The Dogecoin ETF aims to capitalize on growing investor interest in crypto-based ETFs, reflecting increasing demand for alternative investment products.

This approach aligns with a broader trend in the crypto sector, where new SEC listing rules allow ETFs to move forward as long as the S-1 registration statement is filed, without requiring formal SEC sign-off.

### Crypto ETFs Gain Momentum Amid Regulatory Changes

Both Bitwise and Grayscale are part of a larger movement of firms launching crypto ETFs despite regulatory uncertainties. The SEC’s updated procedures for approving crypto ETFs have paved the way for faster listings.

While the SEC has yet to provide final approval for these products, it has clarified that ETFs meeting listing requirements may be listed automatically. This evolving landscape could soon reshape digital asset investing.

With new crypto ETF products from Bitwise, Grayscale, and others entering the market, billions in new capital could flow into these assets in the near future. As these ETFs launch, they may represent a turning point in the investment space, granting firms greater freedom to innovate despite ongoing challenges posed by the SEC and government shutdowns.
https://coincentral.com/bitwise-and-grayscale-push-ahead-xrp-and-dogecoin-etfs-set-to-launch-without-sec-approval/

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