Blockchain analytics platform CryptoQuant has pointed out that whales were active before the launch of spot XRP Exchange Traded Funds (ETFs). The firm made this statement following Nasdaq’s move to list Canary Capital’s ETF that will track the price of XRP.
Canary Capital XRP ETF Defies US Government Shutdown
On Nov. 12, Nasdaq noted that it certified the Canary XRP ETF, which can now be traded publicly.
This detail was spelled out in a filing sent to the United States Securities and Exchange Commission (SEC) on Nov. 12. The plan is to list the fund on the Nasdaq platform by Nov. 13 under the ticker symbol XRPC.
Ordinarily, approvals are not expected at this time since agencies are not required to be in full operation. However, the crypto market saw a few ETFs get greenlighted irrespective of the shutdown.
Canary Capital filed to list this spot XRP ETF as far back as October 2024, but did not get a response from the US SEC. At the time, it noted that the fund will trac
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