Canary Capital Sets November 13 Launch for XRP Spot ETF
Canary Capital removes delay clause in updated S-1 filing, confirming XRP Spot ETF launch on November 13.
- Canary Capital files updated S-1 for XRP Spot ETF
- Delaying amendment removed to allow auto-registration
- Launch date officially set for November 13
XRP Spot ETF Nears Launch with New S-1 Filing
In a major development for XRP and the broader crypto market, Canary Capital has submitted an updated S-1 filing for its XRP Spot ETF, removing the “delaying amendment” that previously postponed its approval. This move allows the registration to go into effect automatically, with a confirmed launch date of November 13.
This filing is a strategic signal that Canary Capital is confident about the regulatory pathway and market readiness for an XRP-based exchange-traded fund. It also reflects growing momentum in the crypto ETF space following the rise of Bitcoin ETF filings earlier this year.
Why Removing the ‘Delaying Amendment’ Matters
By removing the delaying amendment, Canary Capital is effectively telling the SEC it no longer seeks to pause or slow down the registration process. This procedural change allows the ETF to go live automatically, barring any last-minute regulatory objections.
Such a step is typically taken when the issuer believes all compliance requirements are met, and market conditions are favorable for launch. It also accelerates the ETF’s path to market, giving investors access to XRP through traditional brokerage accounts starting mid-November.
Growing Institutional Interest in XRP
The XRP Spot ETF represents a significant milestone for both Ripple and institutional investors interested in gaining regulated exposure to the asset. XRP has long been one of the top digital assets by market cap, but it has faced hurdles due to regulatory scrutiny and ongoing litigation with the SEC.
Now, with this ETF set to go live, it signals a broader acceptance of XRP within traditional finance. If successful, it could open the door for more altcoin ETFs
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