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Canary XRP ETF clears final hurdle ahead of expected debut this week

Canary XRP ETF clears final hurdle ahead of expected debut this week

Key Takeaways

Canary, a cryptocurrency ETF issuer, filed a Form 8A for its XRP ETF, preparing for an imminent launch.
Form 8A filing is a key step for securities registration, enabling the ETF to be listed on an exchange like Nasdaq.

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Canary Capital has filed a Form 8-A12B with the US SEC to register the Canary XRP ETF for listing on the Nasdaq Stock Market, signaling that trading of the fund may begin imminently, according to Bloomberg ETF analyst Eric Balchunas.The filing enables securities registration for exchange listing and follows Canary’s recent update to its XRP ETF application. Canary removed a delaying amendment from its application, allowing for automatic effectiveness and clearing the path for listing.With the 8-A now filed, Nasdaq can make the shares eligible for trading, possibly as early as November 12–13. If timing mirrors the prior HBAR ETF launch, the XRP ETF could list the next trading day.

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