Canary Capital’s XRP ETF Set to Go Live November 13

Canary Capital is preparing to launch its spot XRP ETF on November 13. The company recently revised its S-1 filing, removing a key amendment that had delayed automatic registration. This change brings the ETF closer to going live, subject to final approvals from Nasdaq and the SEC.

Upcoming XRP ETF Launch

The removal of the delaying amendment is an important development. Previously, these amendments prevented filings from becoming effective automatically, often requiring additional back-and-forth with the SEC. By simplifying this step, Canary Capital is bringing the XRP ETF process in line with its earlier Solana and HBAR launches, which were completed in under 20 days thanks to 8-A filings.

Analysts say that even though the filing can now go auto-effective, the timing still depends on U.S. government actions and SEC oversight. Any further comments from the SEC could delay it. If everything goes smoothly, November 13 could be a key date for XRP investors.

Bloomberg ETF strategist Eric Balchunas said the XRP filings had fewer SEC exchanges than Solana, suggesting the fund could launch without major problems. SEC Commissioner Paul S. Atkins has also shown support for auto-effective filings, even during regulatory backlogs, giving investors more confidence.

Market Implications and Investor Interest

The Rex-Osprey XRP ETF launched six weeks ago and has already shown strong interest from investors. With assets over $100 million, it shows people are willing to invest in spot ETFs with a new structure. Unlike traditional commodity trusts, this ETF is an investment company under the ’40 Act, which may attract more institutional investors.

Experts say an active XRP ETF could bring large inflows, possibly reaching billions in the first months. Bitwise CIO Matt Hougan points to the loyal XRP community, called the “XRP Army”, as a key driver. Even in a cautious market, committed investors can create momentum that standard indicators may miss.

The ETF could also affect XRP’s price. Analysts expect it might rise as interest from both retail and institutional investors grows. For comparison, Bitcoin and Solana each have over twenty pending ETF applications with the SEC, showing a wider trend of crypto moving into regulated funds.

Regulatory and Strategic Context

Regulatory clarity continues to be a critical factor for U.S.-based crypto ETFs. The SEC’s ongoing review, along with pending Nasdaq approval of 8-A filings, will determine whether the launch occurs on schedule or experiences minor delays. Investors are likely to follow updates closely, especially as government functions return to normal.

Canary Capital is adopting a strategy increasingly seen among asset managers, using streamlined filings to avoid standard delays. This method can give early entrants an advantage in the fast-moving crypto ETF market. For investors, the upcoming launch highlights how navigating regulations can create direct market opportunities.

While the ETF is not guaranteed to succeed, strong investor support, past ETF experience, and regulatory progress make it one of the most-watched launches in the market.

Future Prospects for XRP ETF

Canary Capital’s XRP ETF is poised to launch on November 13, pending final approvals. The streamlined filing process and prior ETF experience give it a smoother path compared with previous launches.

Investor interest and regulatory clarity will be key in determining its early impact. While success is not guaranteed, the ETF is likely to attract investor attention, potentially influencing XRP’s price.