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As reported by COINOTAG News and crypto journalist Eleanor Terrett, Canary Funds’ XRP ETF moved into effect as of 5:30 PM ET. Nasdaq finalized listing certification for the fund, which will trade under the symbol XRPC and offer direct XRP exposure for U.S. investors. Trading is slated to begin at the market open tomorrow, in line with ETF launch norms.
Market participants should note that this crypto-focused instrument aims to deliver transparent price discovery and regulatory-compliant XRP exposure within a standard trading venue. Nasdaq’s certification signals growing institutional acceptance of crypto ETFs, potentially boosting XRP liquidity and refining bid-ask dynamics.
Investors should monitor risk controls and tracking error, given digital-asset volatility. Stay tuned to Canary Funds and Nasdaq disclosures for updates on NAV movements, fees, and settlement timelines, as these factors will shape short-term price action around the listing.
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