Canary Funds’ XRP ETF Set For Launch On November 13

Canary Funds has completed its final filing with the U.S. SEC, paving the way for the launch of its spot XRP ETF on November 13. The filing became effective at 5:30 PM ET on November 12, pending Nasdaq certification.

Listed under the ticker “XRPC,” the ETF will directly hold XRP, making it the first “pure-play” spot XRP ETF in the U.S. Unlike other products filed under the Investment Company Act of 1940, Canary’s ETF falls under the 1933 Securities Act, allowing full XRP backing. Other issuers may follow soon.

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