The XRP ETF Launch You Didn’t Know You Needed (But You Totally Do)

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Canary Capital has filed Form 8-A with the SEC, readying the first-ever spot XRP ETF for a thrilling debut on November 13-assuming Nasdaq plays nice. (Fingers crossed, folks!)

This move isn’t just a “big deal”-it’s like the crypto equivalent of your mom finally accepting that altcoins are here to stay. We’re talking institutional acceptance of altcoins, people. Yes, you heard me right, altcoins are getting their moment in the sun. ☀️

Canary Pushes XRP Toward Wall Street (We’re Not Kidding)

In a thrilling plot twist, Canary decided to ditch the “delaying amendment” from its S-1 registration. Why? Because who likes delays, right? This triggered the auto-effective route under Section 8(a). Translation: The registration is live and kicking, unless the SEC decides to ruin the party. But we’re hopeful. Fingers crossed again.

Analysts are doing their best to act casual, but we all know what’s coming: the ETF is dropping on November 13. Mark your calendars, because this is the latest chapter in the saga of altcoin ETFs that are shaking up the crypto world. 💥

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..

– Eric Balchunas (@EricBalchunas) November 11, 2025

This filing comes right after a week of altcoin ETF launches that actually didn’t crash and burn. Solana, Litecoin, and Hedera are leading the charge, and it’s giving everyone a reason to believe that maybe, just maybe, crypto isn’t going to destroy the world. Yet. 😜

Let’s be real, a spot XRP ETF is basically a win-win for retail and institutional investors. No need to hold the token directly, no need to worry about your crypto being eaten by the exchange. It’s like crypto… but without the stress. 🙌

Also, can we talk about how everyone is now accepting that crypto isn’t just Bitcoin and Ethereum anymore? It’s like the cool kids’ table got bigger, and we all want in. The recent altcoin ETF launches are proving that the financial world is warming up to digital assets. 💸

Institutional Appetite For Altcoins? Oh, It’s Real

Canary’s filing didn’t just pop up out of nowhere. There’s been a surge in altcoin ETFs this week like Solana, Litecoin, and Hedera. Bitwise and Canary are apparently in a race to make crypto cool again. And guess what? It’s working. 😎

Remember Bitwise’s Solana ETF (BSOL)? It set a record with $56 million in first-day trading volume. And it didn’t stop there-by day two, it hit $72 million. If that doesn’t scream “institutional demand,” I don’t know what does. 💥

Litecoin and HBAR ETFs didn’t do quite as well, but they weren’t exactly ignored either. HBAR saw $8 million in trades, and Litecoin made $1 million. Not too shabby for the underdogs of the crypto world. 🐾

But here’s the kicker: XRP’s prospects look solid. Just ask REX-Osprey’s XRPR. It launched in mid-September, and by launch day, it racked up $24 million in volume within 90 minutes. Let me say that again: 90 minutes. That’s like the crypto equivalent of a rock concert. 🤘 By late October, it had over $100 million in assets. Talk about a good start.

This all points to one thing: XRP is officially the cool kid of crypto, and Canary’s upcoming ETF launch has some serious expectations to meet. No pressure, Canary. No pressure at all. 😬

But remember, folks, it’s not a done deal until Nasdaq gives the final thumbs up. Experts are warning that XRP’s price might not spike dramatically, mainly because investors may have already priced in this news. But don’t let that stop your hype train from rolling. Altcoin ETFs are here, and they’re not going anywhere. 🚂

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2025-11-11 22:37