TLDR:Canary Funds amends XRP ETF filing with SEC, updating ticker to XRPC and exchange to Cboe.The ETF will trade in 10,000-share blocks, with XRP held by Gemini and BitGo custodians.Cohen and Company replaces previous auditor, overseeing Canary XRP ETF operations and financial compliance.Authorized Participants can subscribe or redeem shares using cash or XRP via the ETF’s custodian setup.The Canary XRP ETF has taken another step toward public trading. Canary Funds filed an amended S-1/A with the SEC on October 10, 2025, signaling updates to its proposed XRP Spot ETF. This new filing changes the ETF’s ticker, specifies its trading exchange, and adjusts operational details. Investors can now track the fund under the symbol XRPC on Cboe. The filing also updates auditing and share block sizes.Canary XRP ETF Update: Ticker Change and Exchange ListingAccording to the SEC filing, Canary Funds updated the ETF ticker from its prior placeholder to XRPC. The amended S-1/A specifies that the fund will list on the Cboe BXZ Exchange. This listing allows investors to trade shares during market hours in standard brokerage accounts. Canary Capital Group LLC remains the sponsor of the trust.The ETF will issue shares in blocks of 10,000, referred to as a Basket. These Baskets represent underlying XRP assets, net of operational expenses. Authorized Participants will handle creation and redemption of these Baskets using either cash or XRP. The exchange listing is expected to support liquidity for these block trades.The ETF’s net asset value will track XRP using the CoinDesk XRP CCIXber 60-minute New York Rate. This benchmark aggregates XRP trading across major platforms. Shareholders buying or selling in the secondary market may experience premiums or discounts relative to the NAV. U.S. Bancorp Fund Services will administer share transactions and maintain accounting for the ETF.$XRP ETF Update: @CanaryFunds #XRP Spot ETF S-1/A Ammendment filed with SEC.Changes include:– Ticker updated to $XRPC– Exchange specified @Cboe – Number of Shares 10000 Shares– Auditor update to Cohen and Company https://t.co/1gIRANTLh5(Subscribers heard first using… pic.twitter.com/rWmqTHq4U4— MartyParty (@martypartymusic) October 10, 2025Auditor and Custody UpdatesCohen and Company is now listed as the ETF’s auditor, replacing the prior firm. This change ensures regulatory oversight for accounting and compliance matters. Gemini Trust Company and BitGo Trust Company will act as custodians for the XRP held by the fund. U.S. Bank, N.A. will serve as cash custodian, handling fiat transactions.The ETF is structured as an exchange-traded product, not a registered investment fund under the Investment Company Act of 1940. This means investors will not have the protections typical for registered mutual funds. Shareholders rely on the ETF’s structure for access to XRP exposure through regulated brokers. The Sponsor does not serve as an investment adviser and is not bound by a fiduciary standard.Canary Funds initially sold 10,000 Seed Shares at $25 per share to a Seed Capital Investor affiliate. This initial offering raised $250,000 for the trust. Subsequent sales and redemptions will be facilitated through authorized market participants. Investors can trade shares via brokerage accounts after the effective date.The SEC filing shows Canary Funds continuing to refine operational details before the ETF becomes publicly tradable. Investors and market watchers will track the XRPC ticker closely. The combination of Cboe listing, updated auditing, and custodial setup positions the ETF for structured market entry.The post Canary XRP ETF Updates Filing With SEC, Prepares for XRPC Launch appeared first on Blockonomi.