Canary Capital Targets November 13 for Spot XRP ETF Launch later than Dropping SEC Delay Clause
Asset manager Canary Capital has filed an updated S-1 registration for its proposed spot-XRP platform-traded fund (ETF), removing a “delaying amendment” that previously gave the U.S. Securities and platform Commission (SEC) discretion over the launch timing.
The update was made public by former Fox Business journalist Eleanor Terrett, who noted that the change could position Canary Capital’s spot XRP ETF to go live on November 13, 2025, pending clearance of other required filings.
Previously, the amendment gave the SEC full control over when the registration would take effect. Its removal now triggers the standard 20-day automatic effective period under Section 8(a) of the Securities Act, unless the SEC intervenes.
If the SEC raises no further comments, a new XRP ETF could soon join the growing list of recently approved spot digital asset ETFs.
Terrett also confirmed that the “government reopening” intervention remains a determining factor but noted that the SEC Chair appears satisfied with asset managers taking advantage of the 20-day approval window. She wrote:
“The SEC Chair himself viewms to be on board with companies taking advantage of the auto-effective method. While not commenting directly on the ETF launches, @SECPaulSAtkins said yesterday he was pleased to view companies like MapLight using the 20-day statutory waiting period to go public during the shutdown.”
Still, the ETF launch depends on the submission of a Form 8-A with the Nasdaq Stock Market and approval from the platform. If these steps are completed, November 13 remains a realistic target date.
Senior ETF analyst Eric Balchunas commented that while the XRP ETF process differs from Solana’s, it remains a notable attempt:
“Interesting… Although XRP docs didn’t have the identical comments back-and-forth with the SEC that Solana had. That was one reason issuers felt they were ready. But hey, worth a try, I guess.”
ETF Approvals Hit New High
The move follows a growing wave of altcoin spot ETF filings and approvals.
Canary Capital and other firms have filed for spot Solana, spot Litecoin, and spot Hedera ETFs, signaling broader regulatory acceptance of crypto-linked investment products.
If the as expected, it could mark a major milestone for regulated crypto funds offering institutional and retail exposure to XRP, potentially driving notable capital inflows.
Meanwhile, , viewking to benefit from the identical regulatory mechanism.
In mid-September, a separate XRP ETF—managed by Rex-Osprey under the ticker XRPR—was launched using a diverse regulatory route under the Investment Company Act of 1940.
Following the latest announcement, in the past 24 hours, with bullish sentiment strengthening across the market.
