Milestone for Ripple Ecosystem as XRP Joins Bitcoin and Ethereum in ETF Race
The long-awaited spot XRP exchange-traded fund (ETF) may debut in the U.S. as early as Thursday, following a crucial SEC filing by Canary Capital that signals final regulatory clearance.
Canary Capital Completes Final SEC Step
Crypto investment firm Canary Capital filed a Form 8A with the U.S. Securities and Exchange Commission (SEC) late Monday — a mandatory step before an ETF can begin trading on an exchange.
According to Bloomberg ETF analyst Eric Balchunas, the filing “points to launch tomorrow or Thursday,” citing similar timing for Hedera (HBAR) ETFs that launched a day after their Form 8A submissions.
“Not a done deal but all boxes being checked,” Balchunas posted on X.
Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday). Thursday was the day we thought they'd be on track for but when they did the 8A for HBAR they launched the next day. Not done deal but all boxes being checked. Stay tuned.. pic.twitter.com/gVt9c3psmu
Crypto journalist Eleanor Trent added that the filing represents “the final step before it goes effective at 5:30 PM ET Wednesday once 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.
A Landmark ETF Under the Securities Act of 1933
While there have been XRP-related investment products in the U.S., Canary’s ETF stands out because it was filed under the Securities Act of 1933, allowing it to directly hold XRP tokens rather than invest in offshore entities that own them.
This structure mirrors the spot Bitcoin and Ethereum ETFs, marking a significant step in mainstream integration of XRP within the regulated U.S. financial system.
Multiple XRP ETFs in the Pipeline
Canary Capital isn’t alone. According to Depository Trust and Clearing Corporation (DTCC) data, several firms — including 21Shares, ProShares, Bitwise, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton — also have spot XRP ETF filings pending.
The potential approval of these funds could dramatically expand institutional access to XRP, which has long faced regulatory uncertainty in the U.S. due to its history with the SEC vs. Ripple Labs lawsuit.
Market Reaction
XRP has surged 10% over the past week, currently trading near $2.40, according to CoinGecko. The rally reflects growing optimism that the ETF approval could unlock a new wave of institutional demand.
The move comes as Washington resumes normal operations following the resolution of the government shutdown, clearing a backlog of pending ETF approvals across digital assets.
If confirmed, Canary Capital’s XRP ETF would become the first U.S. fund to hold XRP directly, cementing its position alongside Bitcoin and Ethereum as part of the “big three” regulated crypto ETFs — and marking a major milestone for the broader crypto market.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookies list
Cookie name
Active
Privacy Policy
At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).
1. Data Controller
BitxJournal.com acts as the data controller for all personal data processed through this website.
2. Personal Data We Collect
We may collect and process the following categories of data:
Personal Data
Name and email address (when you subscribe to newsletters or contact us)
Technical & Usage Data
IP address, browser type, operating system
Device information
Pages visited, referral sources, and interaction data
This data is collected via cookies, log files, and analytics technologies.
3. Legal Basis for Processing
We process personal data only when a lawful basis exists, including:
Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)
Legitimate interest – to operate, secure, and improve our website
Legal obligation – when required by applicable laws
You may withdraw your consent at any time.
4. Purpose of Data Processing
Your data is processed for the following purposes:
Operating and maintaining the website
Improving content, usability, and performance
Sending newsletters or updates (only with consent)
Analyzing traffic and user behavior
Responding to inquiries or support requests
5. Cookies & Consent Management
We use cookies and similar technologies in compliance with EU Cookie Law.
Non-essential cookies are placed only after explicit user consent
Users may accept, reject, or manage cookie preferences at any time
Consent can be withdrawn without affecting prior lawful processing
Detailed cookie information is available in our Cookie Settings panel.
6. Third-Party Data Processing
We may share limited data with trusted third-party service providers, including:
Analytics providers (e.g., Google Analytics)
Advertising partners (for personalized or non-personalized ads)
These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.
7. International Data Transfers
Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.
8. Data Retention
We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Data Security
We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.
10. Your GDPR Rights
Under GDPR/AVG, you have the right to:
Access your personal data
Rectify inaccurate or incomplete data
Request data erasure (“right to be forgotten”)
Restrict or object to processing
Data portability
Withdraw consent at any time
Lodge a complaint with a supervisory authority
11. Changes to This Privacy Policy
We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.
12. Contact Information
For privacy-related inquiries or GDPR requests, contact:
