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By Giovane
Published: October 31, 2025|Last updated: October 31, 2025
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Canary Capital submitted an updated S-1 registration with the U.S. Securities and Exchange Commission on October 30 for its proposed XRP spot exchange-traded fund (ETF).
The filing update removed the “delaying amendment” clause, effectively removing the SEC’s control over the timing of approval. With that clause removed, the financial product is now permitted to go live automatically within 20 calendar days, unless the Commission steps in to either delay or reject the ETF proposal.
With this procedural blocker now removed, Canary Capital’s XRP spot ETF is likely entering its “final sprint” of the regulatory approval process. If the SEC chooses not to intervene, the ETF could launch as soon as November 13, pending Nasdaq’s 8-A listing acceptance.
XRP-based exchange-traded funds have been one of the most hyped institutional developments of the year. Following the success of Bitcoin and Ethereum ETFs, altcoins like XRP, SOL, and DOGE are seen as the next logical step to bridge the gap between traditional investors and digital assets.
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Solana ultimately won the non-Ether altcoin ETF race. Last Tuesday, the market saw the grand entrance of two SOL ETFs: Bitwise Solana Staking ETF and Canary Capital’s Solana ETF.
XRP gained significant momentum in recent months, when initial signs that Ripple Labs’ SEC lawsuit was nearing resolution began to surface. The altcoin was the most profitable currency to hold during the late-2024 rally, and since then, it has continued to attract investors’ interest.
Now fully freed from the SEC’s legal grasp, Ripple Labs appears heavily invested on the institutional front. The company has been expanding its On-Demand Liquidity (ODL) via partnerships with regions like the EAU and Brazil. The company is also looking to the XRP Ledger for real-world asset (RWA) tokenization and institutional-grade crypto custody.
For traditional investors interested in future Ripple ventures, a financial product like Canary Capital’s XRP ETF would offer them the ability to gain direct, regulated exposure to $XRP.
The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
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Giovane
My name is Giovane, and I've been covering the world of cryptocurrencies for nearly half a decade. I have a deep passion for understanding how crypto is shaping our future and enjoy diving into the news that highlights these changes. I'm particularly interested in how Bitcoin, Altcoins, and blockchain technology impact economies and societies worldwide.
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