Canary Capital’s Spot XRP ETF Set for November Launch
- Canary Capital has submitted an updated S-1 filing for its spot XRP ETF, aiming for a launch by November 13.
- The updated filing removes the “delaying amendment,” allowing the registration to become auto-effective.
- Approval from Nasdaq is pending, which could influence the launch timing of the ETF.
- Currently, around 20 XRP ETF applications are pending with the U.S. SEC, behind Bitcoin and Solana’s filings.
- The Rex-Osprey XRP ETF launched six weeks ago and has already surpassed $100 million in assets.
The removal of the delaying amendment by Canary Capital positions its spot XRP ETF for an auto-effective status, potentially launching on November 13, contingent upon SEC review outcomes.
With approximately $100 million already raised by the Rex-Osprey XRP ETF, analysts predict significant interest in new offerings like Canary’s fund as well.(Source)
