• Canary Capital has eliminated the “delayed modification” within the XRP ETF utility, hinting at a attainable launch on November thirteenth.
• SEC and Nasdaq critiques may nonetheless affect the ETF’s last schedule.
• XRP-linked ETFs are already seeing vital inflows.

Canary Capital has amended its S-1 submitting for its proposed Spot Ripple (XRP) exchange-traded fund, eradicating procedural provisions that would pave the way in which for its November thirteenth launch.

This adjustment is technical, however significant. By eliminating the “delay of modification,” a fund may routinely develop into efficient beneath a 20-day statutory ready interval until the SEC intervenes.

With this replace, the XRP ETF is scheduled to go public in 20 days

Canary’s newest submitting with the Securities and Alternate Fee (SEC) eliminated language that will usually permit the company to manage the efficient date of registration.

As a sensible matter, the fund is meant to routinely develop into efficient after 20 days beneath Part 8(a) of the Securities Act of 1933, and a number of other current altcoin ETFs have adopted this path.

Journalist Eleanor Terret flagged the amendments in a social media put up, saying the modifications made them extra more likely to come into pressure on November 13.

🚨Scoop: @canaryfunds has filed an up to date S-1 $XRP Spot ETF removes “delayed modification” that halts automated effectiveness of registration; @SECGov Management of timing.

This units the canary. $XRP Assuming the ETF is scheduled for a launch date of November thirteenth… pic.twitter.com/MKvEN23t5P

— Eleanor Terrett (@EleanorTerrett) October 30, 2025

Nonetheless, the fund nonetheless must clear Type 8-An inventory on Nasdaq.

Except the Nasdaq greenlights 8-A and the SEC employees raises any new feedback, the authorized clock would make Nov. 13 a practical goal.

SEC could require additional amendments

Regardless of the procedural transition, the timeline will not be assured.

The SEC may nonetheless challenge feedback requiring Canary to amend its submitting once more, which might push again the efficient date.

The widespread reopening of presidency operations provides one more variable. Staffing and prioritization issues could speed up or delay last choices.

SEC Commissioner Paul S. Atkins not too long ago expressed assist for issuers utilizing the auto-effective route in periods of company exercise downturns.

He praised the authorized mechanism behind the 20-day ready interval, noting that it has been a long-standing choice for issuers.

Atkins didn’t remark immediately on Canary’s utility, however his remarks counsel a regulatory atmosphere wherein, a minimum of in precept, functions can routinely develop into efficient if correctly made.

XRP ETF market is already energetic

Even earlier than this XRP ETF was totally permitted, the marketplace for XRP-linked ETF merchandise was buzzing.

A number of funds are already buying and selling, together with leveraged and volatility merchandise from suppliers similar to Teucrium, Volatility Shares, Rex-Osprey, ProShares and Objective.

These merchandise have generated significant inflows, highlighting investor urge for food for XRP publicity via ETF wrappers.

Teucrium’s leveraged XRP product has amassed notably giant quantities of belongings, with Rex-Osprey’s not too long ago launched fund reaching the low lots of of hundreds of thousands of {dollars} in belongings beneath administration.

A variety of publishers, together with among the trade’s largest, have pending functions, suggesting extra competitors if Canary’s product is delivered to market first.