Canary Capital files for first U.S. spot XRP ETF, potentially launching on Nasdaq.

Canary Capital has filed a Form 8-A with the SEC, paving the way for a spot XRP exchange-traded fund to launch on Nasdaq, potentially as early as Thursday. If approved by Nasdaq by 5:30 PM ET Wednesday, it would become the first U.S.-based ETF to directly hold XRP, marking a major milestone for the cryptocurrency. The filing follows similar launches for Litecoin and HBAR ETFs in October. While regulatory final approval is still pending, the move signals growing institutional interest in crypto ETFs despite ongoing scrutiny. XRP’s price rose 10% to $2.40 amid the anticipation, with other firms like 21Shares and ProShares also expected to pursue similar products.