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Nasdaq delays XRP fund listing to October 12 due to administrative issues.

Market News
07 Oct 2026
UToday
View Source
Neutral
Nasdaq delays XRP fund listing to October 12 due to administrative issues.

The Nasdaq listing of Evernorth, a firm holding 473 million XRP tokens, has been postponed from October 8 to October 12 due to a technical administrative delay. This delay does not affect the final closing of the merger deal with Armada Acquisition Corp. II, which was approved on September 30. Evernorth aims to become the largest publicly traded treasury focused on the Ripple ecosystem, offering investors regulated exposure to XRP without direct crypto management. The listing delay has not impacted XRP's market liquidity or caused significant price volatility.

XRP's market capitalization stands at Rp1.653,84 trillion as of October 7, 2026, 16:31 WIB, with a 24-hour trading volume of Rp49,53 trillion on Pluang. Despite the Nasdaq listing delay of Evernorth, which holds 473 million XRP tokens, XRP's price on Pluang is Rp26.089, down 2.56% over the past day. The platform shows a typical holding period of 71 days and a sell order activity of 65%, indicating active trading dynamics among investors.

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