XRP ETF Launches November 13

Canary Funds Targets November 13 Launch for XRP Spot ETF

• Canary Funds updated its S-1 registration for an XRP spot ETF, removing the delaying amendment.
• The ETF could launch on November 13, pending Nasdaq’s approval of the 8-A filing.
• This change allows issuers to proceed without direct SEC approval if no comments are made within a 20-day waiting period.
• The filing follows recent approvals of Solana, Litecoin, and Hedera ETFs using the same auto-effective process.
• SEC Chair Paul Atkins has expressed support for companies utilizing this mechanism during the government shutdown.

Canary Funds is set to potentially launch its XRP spot ETF on November 13, contingent upon Nasdaq’s approval. This move follows similar approvals for other ETFs using an auto-effective registration process.