Spot XRP ETF Near Launch After Canary Capital SEC Filing
Canary Capital don file Form 8-A registration with US Securities and Exchange Commission for him spot XRP ETF. Dis SEC filing na be di last regulatory step before di ETF fit list for Nasdaq. If Nasdaq approve and certify am, di XRP ETF fit start to dey trade as early as Thursday. E go be di first US-based fund wey go hold XRP directly under di 1933 Securities Act, different from di products wey dey rely on offshore trusts. Analysts talk say di process similar to di recent Hedera (HBAR) ETF launch wey start dey live one day after im 8-A filing. Other issuers like 21Shares, ProShares, Bitwise and Franklin Templeton sef don file spot XRP ETF applications with di DTCC. Investor anticipation don make XRP price rise about 7% for di past week reach $2.40. Meanwhile, lawyer and XRP supporter John Deaton don announce 2026 Senate campaign, move wey fit affect future cryptocurrency regulation.
Bullish
Di SEC filing for spot XRP ETF mean say regulatory approval near and market access go direct, e dey boost confidence for institutions. Short term, this tori fit make traders buy more as dem dey expect ETF listing and possible fund inflows. Compare am to HBAR ETF launch wey quick, this one fit make XRP price rally fast. Long term, direct XRP ETFs go make market dey wider, liquidity go better, and e fit open way for other crypto ETFs. John Deaton Senate campaign add better regulatory perspective fit make policy clear. Overall, these tins dey show say XRP get better chance to rise.