Key Takeaways
- Canary Funds updated its S-1 for an XRP spot ETF, removing the delaying amendment.
- The ETF could launch on November 13 pending Nasdaq’s approval of the 8-A filing.
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Canary Funds has filed an updated S-1 registration for its proposed XRP spot ETF, removing the delaying amendment that previously allowed the SEC to control the timing of effectiveness, according to Fox Business reporter Eleanor Terrett.
🚨SCOOP: @CanaryFunds has filed an updated S-1 for its $XRP spot ETF, removing the “delaying amendment” that stops a registration from going auto-effective and gives the @SECGov control over timing.
This sets Canary’s $XRP ETF up for a launch date of November 13, assuming the… pic.twitter.com/MKvEN23t5P
— Eleanor Terrett (@EleanorTerrett) October 30, 2025
The move positions Canary’s XRP ETF for a potential launch on November 13, contingent on Nasdaq approving the firm’s accompanying 8-A filing.
The filing comes amid broader market anticipation following the approval of Solana, Litecoin, and Hedera ETFs earlier this week through the same auto-effective registration process. The change allows issuers to proceed without direct SEC approval if no further comments are made within the statutory 20-day waiting period.
Terrett noted that SEC Chair Paul Atkins has expressed support for companies utilizing this mechanism during the government shutdown. While not referencing the ETF directly, Atkins said he was pleased to see firms like MapLight use the 20-day rule to move forward, praising the same legal pathway leveraged by Bitwise and Canary.