Canary Capital’s US spot XRP ETF is expected to launch on Thursday

Canary Capital, a crypto investment company in the US, has filed documents for the first US exchange-traded funds (ETFs) that directly holds XRP. The fund could be available as early as this Thursday.

Bloomberg senior ETF analyst Eric Balchunas said Canary announced on Tuesday it had submitted a Form 8A to the Securities and Exchange Commission (SEC) on Monday evening. This form must be filed before securities can traded on an exchange.

Balchunas stated that the filing “points to launch tomorrow or Thursday” Hedera) Form 8A Filings (HBARThose funds were launched the following day.

“Not [a] done deal but all boxes being checked,” Balchunas added. “Stay tuned.”

Eleanor Trent of Crypto reported that Canary’s filing was “the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing.”

“When that happens, the last hurdle is cleared and the first XRP spot ETF will be set to launch Thursday at market open,” “She said”

The Other XRPXRPCanary ETF has been filed as a Securities Act of 1933 product, allowing it to own XRP directly, unlike others who invest in an off-shore company which holds crypto.

There are several XRP ETFs in development 

The anticipation has begun building in the XRP community Over the last few days, as the shutdown of the federal government began to end, the first spot XRP ETF was set to become a significant milestone. 

Related: XRP lawyer runs again for US Senate seat in 2026

Government is on the verge of getting back up and running againIt opens the door for an array of ETFs that could potentially be released on the market.

The Depository Trust and Clearing Corporation shows that there are several spot XRP exchange-traded funds (ETFs) in addition to Canary.