Canary Capital Group’s proposed XRP spot ETF is on track for a potential November 13 debut, following an updated SEC filing.
Summary
- Canary Capital removed the delaying amendment from its S-1 filing, allowing the XRP ETF to go auto-effective pending Nasdaq’s Form 8-A review.
- The NYSE and Nasdaq have already listed new spot crypto ETFs for Solana, Litecoin, and Hedera.
- Despite the recent government shutdown, issuers have leveraged new listing standards and the 20-day auto-effect rule — a path now guiding the anticipated XRP ETF launch.
Canary’s XRP ETF to launch on November 13
Asset manager Canary Capital Group has filed an updated S-1 registration statement for its proposed spot-XRP ETF, removing a delaying amendment that previously prevented the registration from going auto-effective and hence giving the U.S. Securities and Exchange Commission full control over the timing of its launch.
According to a post by journalist Eleanor Terrett on X, the change positions the ETF for a November 13 launch date — assuming the Nasdaq completes its review of the required Form 8-A filing.
However, Terrett noted that the timing could still change with the government reopening — the launch might happen sooner if the filing is cleared, or later if the SEC adds more comments.
As the government reopens and regulatory activity resumes, momentum appears to be building for a broader wave of spot crypto ETF approvals.
Over the past week, both the New York Stock Exchange and Nasdaq have moved to list several new digital-asset ETFs, including the Bitwise Solana ETF, Canary Capital Litecoin ETF, Canary HBAR ETF, and Grayscale Solana ETF.
What made these launches particularly notable was their timing. The SEC has been operating with limited staff due to the government shutdown, yet issuers were able to proceed under newly established generic listing standards — or by using mechanisms like the 20-day auto-effective rule that bypass traditional approval delays. This same path now appears to be paving the way for Canary Capital’s proposed XRP Spot ETF.
Source: https://crypto.news/canary-capital-targets-november-13-launch-for-xrp-etf-after-sec-filing-change/
