The cryptocurrency market has reached a long-awaited milestone with a major development for XRP. According to a new filing with the U.S. Securities and Exchange Commission (SEC), the Canary XRP ETF, managed by Canary Capital Group LLC, has surpassed a critical threshold in its official listing process.
Cryptocurrency reporter Eleanor Terrett has revealed that Canary Capital Group has filed its Form 8-A with the SEC. This filing is a key step required for any ETF to be listed on U.S. exchanges, and is known as one of the final hurdles before trading can officially begin.
In a statement, Terrett explained, “CanaryFunds has filed Form 8-A. The product officially becomes active once Nasdaq approves the listing on Thursday at 1:30 AM UTC+3, 5:30 PM ET. Once this happens, the final hurdle will be cleared, and the first XRP spot ETF will begin trading at market open on Thursday.”
According to the official documents, the Canary XRP ETF has been registered for listing on Nasdaq Stock Market LLC under the class “Beneficial Interest Common RP ETF.” This step marks a historic milestone for the XRP cryptocurrency.
Spot ETF approval will enable institutional investors to access XRP through a regulated and transparent product, opening a new avenue of liquidity and market participation for the asset.
*This is not investment advice.
https://bitcoinethereumnews.com/tech/historic-moment-has-arrived-xrp-spot-etf-will-soon-begin-trading-heres-the-date-and-time/