{"id":62142,"date":"2025-10-31T12:31:47","date_gmt":"2025-10-31T12:31:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/canary-capital-updates-its-xrp-etf-application-eyeing-november-13-launch\/"},"modified":"2025-10-31T12:31:47","modified_gmt":"2025-10-31T12:31:47","slug":"canary-capital-updates-its-xrp-etf-application-eyeing-november-13-launch","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/canary-capital-updates-its-xrp-etf-application-eyeing-november-13-launch\/","title":{"rendered":"Canary Capital updates its XRP ETF application, eyeing November 13 launch"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_20-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_20-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_20-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_20-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Canary Capital has removed the \u201cdelaying amendment\u201d in its XRP ETF filing, signalling a possible Nov. 13 launch.<\/li>\n<li>SEC and Nasdaq reviews could still affect the ETF\u2019s final timeline.<\/li>\n<li>XRP-linked ETFs are already seeing strong inflows.<\/li>\n<\/ul>\n<p>Canary Capital has amended its S-1 filing for a proposed spot Ripple (XRP) exchange-traded fund, removing a procedural clause that could clear the way for a November 13 launch.<\/p>\n<p>The tweak is technical but meaningful: by eliminating the \u201cdelaying amendment,\u201d the fund could become automatically effective under the 20-day statutory waiting period unless the SEC intervenes.<\/p>\n<h2>The update positions the XRP ETF to go live after 20 days<\/h2>\n<p>Canary\u2019s latest submission to the Securities and Exchange Commission (SEC) removes language that usually allows the agency to control the effective date of a registration.<\/p>\n<p>In practical terms, the fund is now positioned to become effective automatically after twenty days under Section 8(a) of the Securities Act of 1933 \u2014 a path several recent altcoin ETFs have followed.<\/p>\n<p>Journalist Eleanor Terrett flagged the amendment in a social media post, noting that the change now sets up a possible November 13 launch.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8SCOOP: <a href=\"https:\/\/twitter.com\/CanaryFunds?ref_src=twsrc%5Etfw\">@CanaryFunds<\/a> has filed an updated S-1 for its <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> spot ETF, removing the \u201cdelaying amendment\u201d that stops a registration from going auto-effective and gives the <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> control over timing.<\/p>\n<p>This sets Canary\u2019s <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> ETF up for a launch date of November 13, assuming the\u2026 <a href=\"https:\/\/t.co\/MKvEN23t5P\">pic.twitter.com\/MKvEN23t5P<\/a><\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1983973905896210716?ref_src=twsrc%5Etfw\">October 30, 2025<\/a><\/p>\n<\/blockquote>\n<p>The fund, however, still needs Nasdaq to clear a Form 8-A listing.<\/p>\n<p>If Nasdaq greenlights the 8-A and the SEC staff does not raise new comments, the statutory clock would make November 13 a realistic target.<\/p>\n<h2>SEC could still request more amendments<\/h2>\n<p>Despite the procedural move, the timeline is not guaranteed.<\/p>\n<p>The SEC could still issue comments that require Canary to amend its filing again, which would push the effective date back.<\/p>\n<p>The broader reopening of government operations adds a further variable: staff availability and review priorities could either accelerate or delay finalisation.<\/p>\n<p>SEC Commissioner Paul S. Atkins recently <a href=\"https:\/\/quickreads.ext.katten.com\/post\/102lpe0\/from-enforcement-to-empowerment-sec-chairman-paul-atkins-charts-a-new-regulatory#_ftn1\">expressed support<\/a> for issuers using the auto-effective route during periods when agency operations slow.<\/p>\n<p>He praised the legal mechanism behind the 20-day waiting period, noting it as a long-standing option for issuers.<\/p>\n<p>While Atkins did not comment directly on Canary\u2019s filing, his remarks suggest a regulatory environment that \u2014 at least in principle \u2014 can accommodate automatic effectiveness when filings are in order.<\/p>\n<h2>XRP ETF market is already active<\/h2>\n<p>Even before this XRP ETF wins full approval, the market for XRP-linked ETF products has been busy.<\/p>\n<p>Several funds already trade, including leveraged and volatility products from providers such as Teucrium, Volatility Shares, Rex-Osprey, ProShares, and Purpose.<\/p>\n<p>These offerings have drawn meaningful inflows, highlighting investor appetite for XRP exposure through ETF wrappers.<\/p>\n<p>Teucrium\u2019s leveraged XRP product in particular has accumulated substantial assets, while <a href=\"https:\/\/coinjournal.net\/news\/xrp-price-outlook-as-rex-osprey-xrpr-etf-notches-37-7m-in-day-one-volume\/\">Rex-Osprey\u2019s recently launched fund<\/a> crossed the low hundreds of millions in assets under management.<\/p>\n<p>A wider slate of issuers, including some of the industry\u2019s larger names, has pending applications, suggesting further competition if Canary\u2019s product does reach market first.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/canary-capital-updates-its-xrp-etf-application-eyeing-november-13-launch\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Canary Capital has removed the \u201cdelaying amendment\u201d in its XRP ETF filing, signalling a possible Nov. 13 launch. SEC and Nasdaq reviews could still affect the ETF\u2019s final timeline. XRP-linked ETFs are already seeing strong inflows. Canary Capital has amended its [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":62143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62142"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=62142"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/62143"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=62142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=62142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=62142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}