Canary Capital has removed the delaying amendment from its spot XRP ETF S-1 filing, positioning the fund for a potential launch on November 13, 2025, pending Nasdaq approval. This procedural step accelerates the process amid growing momentum in XRP-linked investment products.
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Removal of delaying amendment signals readiness for spot XRP ETF launch.
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XRP ecosystem sees strong inflows in existing leveraged ETFs like Teucrium and Rex-Osprey.
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Multiple spot XRP ETF proposals from firms including Grayscale and Bitwise remain in SEC review, with inflows exceeding $500 million across products.
Discover the latest on Canary Capital’s spot XRP ETF filing update and its potential November launch. Explore XRP ETF inflows and regulatory insights for informed crypto investment decisions today.
What is the latest development in Canary Capital’s spot XRP ETF filing?
Spot XRP ETF filings have advanced significantly with Canary Capital’s recent adjustment to its S-1 registration. The firm removed the delaying amendment, which typically allows the SEC extended review time, now setting the stage for automatic effectiveness after the standard 20-day period under Section 8(a) of the Securities Act of 1933. This move, highlighted in the latest SEC submission, points to a possible launch date of November 13, 2025, assuming Nasdaq approves the accompanying Form 8-A.
How does the removal of the delaying amendment impact the spot XRP ETF timeline?
The delaying amendment’s removal streamlines the approval process for Canary Capital’s spot XRP ETF, reducing regulatory hurdles and aligning with recent SEC trends toward faster ETF launches. According to data from financial analysts, this procedural change mirrors strategies used successfully for recent Solana, Litecoin, and Hedera ETFs, which went live via the auto-effective pathway without extended delays.
Expert commentary from SEC Commissioner Paul S. Atkins underscores this shift, noting that issuers are increasingly comfortable with the 20-day statutory waiting period. Atkins stated that this mechanism, grounded in established securities law, allows funds to proceed during procedural pauses, provided no interventions occur. For Canary Capital, this means the spot XRP ETF could become effective as early as mid-November if the filing faces no further SEC comments.
However, potential delays remain possible. The U.S. government’s recent reopening after a brief shutdown could influence review speeds, and any additional disclosures requested by regulators might push the timeline. Bloomberg ETF analyst James Seyffart described the amendment’s removal as a positive indicator, attributing it to SEC feedback. He remarked, “Almost certainly due to feedback from the SEC. Good sign, but also mostly expected.”
Journalist Eleanor Terrett first reported the update, emphasizing its implications. She observed, “This sets Canary’s XRP ETF up for a launch date of November 13, assuming the Nasdaq greenlights the 8-A filing.” This development reflects broader regulatory evolution, where the SEC is showing increased flexibility for cryptocurrency ETFs following landmark approvals for Bitcoin and Ethereum products.
Supporting data from market trackers indicates that XRP’s price has responded positively to ETF news, with trading volumes spiking 15% in the past week. Institutional interest, as evidenced by custody arrangements with firms like Coinbase, further bolsters the case for timely approval. Overall, this filing adjustment demonstrates Canary Capital’s proactive approach in navigating the complex ETF landscape.
Frequently Asked Questions
What factors could delay Canary Capital’s spot XRP ETF launch beyond November 13?
The spot XRP ETF launch could face delays if the SEC requests additional information during its review or if Nasdaq’s Form 8-A approval process extends beyond expectations. Government operational restarts and any unresolved compliance issues, such as those related to Ripple’s past legal battles with the SEC, might also contribute to postponements, though current filings appear robust.
Which XRP-linked ETFs are currently available and performing well?
Several XRP-linked ETFs are already trading successfully, including the Teucrium 2x Long Daily XRP ETF, Volatility Shares XRP ETF, Rex-Osprey XRP ETF, ProShares Ultra XRP ETF, and Purpose XRP ETF. These products have attracted substantial inflows, with the Rex-Osprey fund surpassing $114.6 million in assets under management since its September launch, and Teucrium’s leveraged offering reaching $384.4 million since April, signaling strong investor demand.
Key Takeaways
- Accelerated Timeline: Canary Capital’s removal of the delaying amendment positions its spot XRP ETF for a potential November 13, 2025, launch, leveraging the auto-effective SEC pathway.
- Robust Ecosystem Growth: Existing XRP ETFs from Teucrium and Rex-Osprey have amassed over $500 million in combined assets, highlighting institutional enthusiasm ahead of spot product approvals.
- Regulatory Optimism: Comments from SEC Commissioner Paul S. Atkins and analyst James Seyffart indicate a favorable environment, encouraging issuers to proceed with streamlined filings for cryptocurrency ETFs.
Conclusion
Canary Capital’s spot XRP ETF filing update marks a pivotal advancement in the evolving landscape of cryptocurrency exchange-traded funds, with the delaying amendment’s removal clearing a path for a mid-November launch. As XRP-linked products continue to draw significant inflows and regulatory feedback turns constructive, investors can anticipate expanded access to this digital asset. Stay informed on these developments, as they could reshape XRP’s market dynamics and offer new opportunities in diversified portfolios.
