XRP ETF: Thursday or Bust? 🚀

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The crypto community is holding its breath, clutching its pearls, and whispering prayers to the blockchain gods as the first spot XRP ETF prepares to make its grand entrance. 🧙‍♀️

Nasdaq, that paragon of reliability, officially notified the SEC that it’s received the Form 8-A filing for Canary Capital’s XRP ETF. Because nothing says “we’re serious” like a 500-page legal document and a side of existential dread. 📄

Bloomberg’s senior ETF analyst Eric Balchunas wrote on X, adding: “Looks like tomorrow is on for the launch.” (Translation: “I’m not sure, but let’s act like we are.”) 😂

While ETF watchers are betting their last Bitcoin on a Thursday debut, the SEC is still playing “hot potato” with its final approval. The debut is as certain as a cryptocurrency’s value on a Tuesday. 📉

The sixth single crypto asset ETF

Nate Geraci, president of NovaDius Wealth Management, took to X to declare: “Canary Capital will be first to market!” (Because nothing says “first to market” like a 500-page legal document and a prayer.) 🧘‍♂️

“Its XRP ETF would be the sixth single crypto asset in the ETF wrapper after Bitcoin, Ether, Solana, Litecoin, and Hedera.” (Because who needs a sixth wheel when you can have a sixth crypto?) 🚗

Crypto America’s Eleanor Terrett shared optimism on X, noting that Nasdaq “cleared XRPC for launch at market open.” (Translation: “We’re not saying it’s confirmed, but we’re not saying it’s not either.”) 🤷‍♀️

One commentator wrote: “The Nasdaq letter is basically a ‘we’re not saying it’s confirmed, but we’re not saying it’s not either’ kind of note.” (Because nothing says “excitement” like ambiguity.) 🤔

Canary’s highly anticipated XRP ETF launch comes after weeks of speculation, with ETF experts predicting its debut two weeks ago. The potential launch follows closely on the heels of Trump signing a bill to end the longest government shutdown. (Because nothing says “stability” like a 16-day government shutdown and a 500-page legal document.) 🕵️‍♀️

While Bitcoin and Ether ETFs each began trading the day after their SEC approvals, newer ETFs like Solana, Litecoin, and Hedera launched the next day after their exchange listings. (Because who needs a day off when you can have a day of chaos?) 🤯

With trading going live on Oct. 28, some ETF observers have suggested that these new crypto funds relied on “automatic effectiveness” provisions during the government shutdown. (Because nothing says “we’re prepared” like a 16-day government shutdown and a 500-page legal document.) 📜

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2025-11-13 13:31