Nasdaq has approved the listing of the Canary XRP ETF, with the code XRPC coming soon.

A significant regulatory breakthrough has arrived. Nasdaq has officially approved the Form 8-A filing for the Canary XRP ETF, and the XRPC code has passed the listing certification, marking the imminent launch of the first pure spot XRP ETF in the United States. The fund is approved to commence trading at market open on November 13.
This milestone event is a long-awaited top benefit for the XRP ecosystem, paving the way for institutional investors to directly gain exposure to XRP through regulated traditional financial channels, and further confirming XRP's classification status as a "non-security." From a market structure perspective, this is of equal significance to the previous launch of BTC and ETH ETFs, and is expected to trigger a new wave of purchasing by both institutional and retail investors.
Although there was a net outflow of $183.9 million from the overall ETH ETF yesterday, the expectation of an XRP ETF listing may lead investors to shift their funds from the underperforming ETH to XRP, which has clear catalysts. On-chain data shows that as the ETF countdown continues, whale XRP transfer activity remains active, with some transfers possibly aimed at optimizing custody processes rather than selling.