PANews
PANews|Oct 30, 2025 22:59
[Canary XRP Spot ETF Latest Filing Removes 'Delayed Amendment Clause,' Expected to Launch on November 13] According to crypto journalist Eleanor Terrett, Canary Capital has submitted an updated S-1 form for its XRP spot ETF, removing the 'delayed amendment clause' that prevents automatic registration from taking effect, thereby transferring control of the timeline to the U.S. SEC. If Nasdaq approves the 8-A form application, Canary's XRP ETF will officially launch on November 13. Note: The timeline could be affected by the government reopening. If the application materials are complete and the SEC is satisfied, the timeline could be expedited; if staff raise additional concerns, the timeline could be delayed. However, it is worth noting that the SEC Chair himself seems to support companies utilizing the automatic effectiveness mechanism. While he did not directly comment on the launch of ETFs, Paul Atkins stated yesterday that he was pleased to see companies like MapLight take advantage of the 20-day statutory waiting period to go public during the government shutdown. He also praised Bitwise and Canary for using the same legal mechanism this week to launch SOL, HBAR, and LTC ETFs.
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