XRP ETF Countdown Begins: Canary Funds Files Updated S-1, Launch Could Happen by November 13

The long-awaited launch of the first-ever pure spot XRP exchange-traded fund (ETF) could be imminent as Canary Funds takes a major regulatory step forward. The investment firm recently filed an updated S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), signaling progress toward bringing the XRP ETF to market.

A key detail in the update is the removal of the “delaying amendment,” a provision that typically postpones a filing’s effectiveness until explicitly approved by the SEC. Without this amendment, the filing automatically becomes effective after 20 days—meaning the XRP ETF could officially go live by November 13, assuming no further regulatory hurdles arise.

The move has generated significant excitement among XRP holders and crypto investors, who have long awaited a product offering direct exposure to XRP through a regulated investment vehicle. The updated filing positions Canary Funds to potentially launch the first pure XRP ETF in the U.S., joining the growing trend of digital asset ETFs gaining traction among mainstream investors.

Notably, the XRP ETF was recently listed by the Depository Trust & Clearing Corporation (DTCC), a key step in bringing the fund to market. The final requirement for launch is the Nasdaq’s approval of Form 8-A, which would make the fund’s shares tradable. If granted, it would mark a pivotal moment for XRP and the broader cryptocurrency market, potentially driving increased institutional interest.

While the effective date is set, the SEC could still intervene with additional comments that may delay the timeline. For now, all eyes are on November 13 as the potential launch date for this groundbreaking XRP ETF, signaling a new era for digital asset investment opportunities.