TLDR:
- Canary Funds changes XRP ETF archiving at SEC, updates Ticker to XRPC and switches to CBOE.
- ETF will trade with 10,000 parts blocks, with XRP held by Gemini and Bitgo Custodians.
- Cohen and the company replace former auditor and monitor the Canary XRP ETF operations and financial compliance.
- Authorized participants can subscribe or redeem shares with cash or XRP via ETF’s guardian.
The Canary XRP ETF has taken another step towards public trade.
Canary Funds submitted a changed S-1/A to SEC on October 10, 2025 and signals updates until its proposed XRP-Spot ETF. This new archiving changes ETF’s ticker, specifies its trading and adjusts operating information.
Investors can now track the fund under the symbol XRPC on CBOE. Registration also updates the audit and sharing block sizes.
Canary XRP ETF update: Ticker Change and Exchange Listing
According to SEC archivingCanary Funds updated the ETF chic from its former placeholder to XRPC.
The changed S-1/A states that the fund will list on the CBOE BXZ exchange. This list allows investors to trade shares during market hours in standard brokers. Canary Capital Group LLC remains the sponsor of confidence.
ETF will issue shares in blocks of 10,000, called a basket. These Baskets Represent underlying XRP assets, net of operating costs. Authorized participants will handle the creation and redemption of these baskets with either cash or XRP. The Exchange list is expected to support liquidity for these block trading.
ETF’s net asset value will track XRP with Coindesk XRP CCIXBER 60-minute New York Prize. This benchmark aggregates XRP trading Over large platforms.
Shareholders who buy or sell in the secondary market may experience premiums or discounts in relation to NAV. The US Bancorp Fund Services will administer share transactions and maintain accounting for ETF.
Auditor and custody updates
Cohen and the company are now listed as ETF’s auditor and replace the former company. This change ensures supervisory surveillance for accounting and compliance issues.
Gemini Trust Company and Bitgo Trust Company will serve as custodians for XRP that the fund holds. The US Bank, NA will act as cash caregivers and manage Fiat transactions.
The ETF is structured As a stock exchange -traded product, not a registered investment fund under the 1940 Investment Companies Act. This means that investors will not have the protection that is typical for registered funds.
Shareholders rely on ETF’s structure for access to XRP exposure through regulated brokers. The sponsor does not act as an investment adviser and is not bound by a management standard.
Canary Funds initially sold 10,000 seed shares to $ 25 per share to a seed capital investor. This first offer collected $ 250,000 for confidence.
Subsequent sales and redemption are facilitated by authorized market participants. Investors can trade shares via brokerage accounts after the entry into force.
The SEC archiving Shows cany funds continue to refine operational details before ETF becomes public trade.
Investors and market offenders will track the XRPC carpenter carefully. The combination of CBOE listing, updated audit and storage positions positions ETF for structured market entry.
