Canary Capital Accelerates XRP ETF Launch - November 13 Date Confirmed
Wall Street just got a wake-up call from Canary Capital.
XRP ETF Greenlit
The regulatory hurdles are cleared—Canary Capital eliminates the final delay, locking in November 13 for their groundbreaking XRP ETF debut. No more waiting, no more speculation.Market Impact
This move sends shockwaves through traditional finance corridors. While legacy institutions debate digital assets, Canary Capital cuts through the bureaucracy and delivers what investors actually want—direct exposure.Timing Is Everything
Launching mid-November positions this ETF perfectly for the year-end institutional rebalancing. Smart money meets digital assets—finally.The Bottom Line
Another traditional finance firm discovers what crypto natives knew years ago: sometimes you need to bypass the gatekeepers to build the future. The November 13 launch date isn't just a calendar entry—it's a statement.TLDR
- Canary Capital removed the delaying clause in its XRP ETF S-1 filing.
- XRP ETF could go live by November 13 if Nasdaq approves 8-A filing.
- The ETF may auto-effect under Section 8(a) after the 20-day window.
- SEC is unlikely to intervene due to limited operations duringthe shutdown.
Canary Capital is preparing to bring a spot XRP ETF to U.S. markets after submitting an updated S-1 registration. The company has removed the “delaying amendment” from the filing, which puts the launch date on track for November 13, 2025. This change shifts control from the U.S. Securities and Exchange Commission (SEC) to the issuer, allowing the registration to become effective automatically, pending Nasdaq’s 8-A approval.
Auto-Effective Rule May Speed Up XRP ETF Approval
Canary Capital’s updated S-1 filing removes the delaying amendment that previously blocked the ETF from becoming auto-effective. With that clause removed, the application now follows Section 8(a) of the Securities Act of 1933. This law allows the registration to go live after a 20-day waiting period unless the SEC takes action.
SEC Commissioner Paul Atkins commented on the broader use of this method during the current government shutdown. “It helps maintain market function when staff resources are limited,” he said. Though he did not speak directly about the XRP ETF, the statement was seen as supportive.
Analysts say the MOVE puts pressure on Nasdaq to approve the necessary 8-A filing. If approved without delay, the XRP ETF could begin trading on or shortly after November 13.
Canary Builds on Momentum After Solana, Hedera ETFs
Earlier this week, Canary Capital launched ETFs for Solana, Hedera, and Litecoin. These funds went live following similar auto-effective filings under Section 8(a). The same strategy is now being applied to the XRP ETF, which is expected to draw strong interest from crypto investors.
Crypto reporter Eleanor Terrett noted that the XRP ETF filing uses language similar to Canary’s previous ETF submissions. “They’re taking the same legal route that worked for other funds,” she said. This may reduce approval friction if Nasdaq clears the 8-A FORM without further SEC comment.
Bloomberg ETF analyst Eric Balchunas said the XRP ETF documents had fewer interactions with the SEC compared to others. “That might make it less certain,” he stated, “but it’s worth a try.”
XRP ETF Could Attract Strong Early Demand
Bitwise CIO Matt Hougan believes that the XRP ETF could see inflows of over $1 billion within months of its launch. Speaking with DL News, he said: “The XRP Army is incredibly bullish and loves XRP.” He noted that while broader sentiment in crypto may be mixed, XRP has a committed base of holders.
Analysts are comparing the upcoming XRP ETF with the Rex-Osprey XRP fund, which launched under a different structure six weeks ago. That fund has already attracted over $100 million in assets and operates under the ’40 Act, classifying it as an investment company.
There are currently 20 XRP ETF applications under SEC review. This places it just behind Bitcoin and Solana, both with 23 filings. ethereum has 16 pending ETF applications, according to Bloomberg’s Balchunas.
Timing Still Dependent on SEC and Nasdaq
While the removal of the delaying amendment sets a clear path, there are still steps that could affect the final timeline. Nasdaq must approve the 8-A filing before the ETF can be listed. If the SEC raises last-minute concerns, that could delay the registration from becoming effective.
However, with the government still facing limited operations, industry watchers expect minimal interference unless urgent objections are raised. Canary’s legal strategy has aligned with what other asset managers used to bring ETFs to market during government inactivity.
The XRP community continues to watch for updates from Nasdaq or SEC staff. If all approvals proceed without issue, Canary Capital’s XRP ETF could be live on regulated markets by mid-November.
