**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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https://thecryptobasic.com/2025/11/12/first-ever-xrp-spot-etf-gets-approval-here-is-timeline-to-launch/