- XRPC becomes effective at 5:30 p.m. ET after Nasdaq certification; trading starts today.
- EDGAR filings show the S-1/A path and 8-A registration for Nasdaq listing.
- Canary adds a spot MOG ETF filing to expand its single-asset lineup.
The first single-asset XRP spot ETF is set to begin trading after Canary Funds confirms effectiveness at 5:30 p.m. ET on Wednesday. Journalist Eleanor Terrett reports Nasdaq certification cleared XRPC for launch at U.S. market open on Nov 13, giving traders a precise start window and venue.
He notes that the outcome is made possible through actions taken by SEC officials, including Commissioner Hester Peirce and former Commissioner Paul Atkins, who are cited in his statement regarding the ETF approval process.
The XRPC effectiveness follows the standard pathway of S-1/A amendments, Nasdaq certification, and Form 8-A 12(b) effectiveness, which removes the final administrative barrier to listing; the documented trail sets clear expectations for trading access.
Related: XRP Price Stays Rangebound as Canary XRP ETF Launch Enters 48-Hour Countdown
Nasdaq Confirms Filing And Approval Steps
Nasdaq verifies receipt of the Form 8-A 12(b) for XRPC and confirms the listing certification, which aligns paperwork for the Nov 13 debut once notice of issuance posts. The certification and effectiveness sequence closes the administrative gate that precedes market quoting and first trades on Nasdaq.
The letter detailed that Nasdaq had approved the security for listing and would proceed with registration upon receipt of official notice of issuance. The exchange also indicated support for the issuer’s request for the filing to become effective under Form 8-A 12(b), clearing the path for the ETF’s market debut.
With the certification finalized, Canary Funds confirmed that the XRPC ETF will launch at market open on November 13, concluding a series of procedural steps that included regulatory coordination, exchange review, and registration requirements.
Canary Extends The Product Pipeline With A Spot MOG ETF
Separately from the XRP fund, Canary Funds has filed for a spot ETF tied to MOG Coin, introducing the meme-based asset into a regulated investment structure for the first time. According to the preliminary prospectus, the “Canary MOG ETF” will operate as a trust that issues shares of beneficial interest, which will trade on a registered exchange. The filing states that the fund will hold MOG directly to track its price.
ETF analyst James Seyffart highlighted the submission publicly, noting the new product alongside Canary’s existing digital-asset filings. The sponsor listed for the MOG trust is Canary Capital Group LLC, which has also supported the development of an HBAR-focused ETF launched earlier this year.
Related: XRP ETF Launch From Canary to Trigger Billions In Demand As Exchange Supply Stays Thin
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