Key takeaways
- Canary Funds has updated its S-1 for a spot XRP ETF, removing the delaying amendment.
- The ETF could launch on November 13 pending approval of File 8-A by Nasdaq.
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Canary Funds has filed an updated S-1 filing for its proposed XRP spot ETF, removing the delaying amendment that previously allowed the SEC to control the effective timetable, according to Fox Business reporter Eleanor Terrett.
🚨SCOOP: @CanaryFunds filed an updated S-1 for its $XRP spot ETF, removing the “delaying amendment” which prevents a registration from automatically becoming effective and gives the @SECGov timing control.
This defines the Canaries $XRP The ETF is set for a November 13 launch date, assuming… pic.twitter.com/MKvEN23t5P
– Eleanor Terrett (@EleanorTerrett) October 30, 2025
The move positions Canary’s XRP ETF for a potential launch on November 13, subject to Nasdaq approving the company’s 8-A filing.
The filing comes amid broader market anticipation following the approval of the Solana, Litecoin and Hedera ETFs earlier this week via the same automatic 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 Chairman Paul Atkins had expressed support for companies using this mechanism during the government shutdown. Without directly referencing the ETF, Atkins said he was happy to see companies like MapLight using the 20-day rule moving forward, praising the same legal route used by Bitwise and Canary.
