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CanaryFunds has just submitted the Form 8-A, and the Nasdaq approval is considered complete. According to the process, it will take effect at 5:30 PM Eastern Time on Wednesday, and the XRP spot ETF can be listed and traded directly on Thursday — this is the first time in the cryptocurrency circle, besides Bitcoin and Ethereum, that such an entry ticket has been obtained.
Looking back at the launch of BTC and ETH ETFs, how did the market move? Once institutional funds have a compliant channel, the buying momentum is unstoppable. Now it's XRP's turn, and the timeline is clearly laid out. How can the market ignore such a certain opportunity?
Honestly, the logic behind this early positioning is very clear: liquidity is opening up, capital access thresholds are lowering, and traditional financial institutions can legitimately allocate XRP — these factors stacking up make it hard not to be optimistic.