Canary Capital’s XRP ETF Eyes Nov. 13 Launch Following SEC S-1 Update
In a significant boost for Ripple's ecosystem, Canary Capital has now filed an updated S-1 registration for the long-awaited spot XRP...
Quick overview
- Canary Capital has filed an updated S-1 registration for a spot XRP ETF, removing a key delaying amendment.
- The ETF is set to launch on November 13th, pending final Nasdaq clearance and SEC review.
- The success of previous ETFs like Solana and Hedera suggests strong potential for the XRP ETF.
- Analysts predict that the XRP ETF could attract significant institutional investment, potentially reaching a billion dollars.
In a significant boost for Ripple’s ecosystem, Canary Capital has now filed an updated S-1 registration for the long-awaited spot XRP exchange-traded fund (ETF) it’s been working on for ages. It’s removed a key “delaying amendment” that had previously blocked the automatic approval process. This means the product is now in position to launch on November 13th – all being well, of course, with final Nasdaq clearance and SEC review.
The updated filing actually mirrors the success Canary’s had with Solana (SOL) and Hedera (HBAR) ETFs—both of which really started to pick up traction once similar procedural updates were put in place. By taking out that delaying amendment, the XRP ETF is now good to go and can become auto-effective within 20 days of the filing being made—a timeline that’s got the crypto folk and ETF watchers as excited as a kid on Christmas morning.
A few key points to take away from the filing are
- They’ve removed that “delaying amendment,” so things can now move much faster.
- The launch timeline still looks on track for November 13th—or at least that’s the plan if Nasdaq gives it the all-clear.
- There’s a risk that U.S. government operations delay the SEC’s processing.
XRP about to make HISTORY!Canary Capital targeting Nov 13 for the FIRST U.S. spot XRP ETF launch. “Delaying amendment” GONE from SEC filing approval clock is ticking Spot ETF= institutional money flood, XRP legitimacy boost, altcoin rally ignition XRP liftoff incoming—buckle up pic.twitter.com/IT1KNgw973
— CRYPTO BEEB (@WaleAbiodun10) October 31, 2025
Fox Business journalist Eleanor Terret reckons the timing could be brought forward a bit if the SEC can review the ETF without any dramas. On the other hand, if they get any feedback, that’s going to slow things down.
XRP’s Institutional Appeal on the Rise
Canary’s move follows the strong market performance of the Rex-Osprey XRP ETF, launched six weeks ago and already surpassing $100 million in assets under management. Although it’s structured under the ’40 Act framework, it’s viewed as a pretty big deal—the first “spot” XRP ETF in the market.
Canary’s proposed product could capitalize on the same enthusiasm. Bloomberg’s senior ETF strategist Eric Balchunas has given it the thumbs up as “strategically timed” saying the firm’s been able to keep the momentum going with its previous ETF launches which has got to be a bonus.
People watching the market expect that making ETFs more accessible could boost XRP’s price, potentially reaching $10 if institutional demand continues through Q4 2025.
Bitwise Predicts a Billion-Dollar Inflow
According to Matt Hougan, Chief Investment Officer at Bitwise Asset Management, an XRP ETF “could easily become a billion-dollar fund within months”. He’s noted that XRP has a large and loyal following among investors, unlike some other assets. In a DL News interview, Hougan noted that despite the doubters about Ripple’s history, the asset’s robust ecosystem has put it on the map for mainstream financial adoption.
🚨 MASSIVE : Canary Capital has filed an updated S-1 for its XRP Spot ETF, officially removing the “delaying amendment.”
This move sets the stage for a November 13th launch date, marking another huge step for altcoin and $XRP ETF adoption. 🔥 pic.twitter.com/79gXWeFJEk
— Bitcoinsensus (@Bitcoinsensus) October 31, 2025
Last October, there were around 20 XRP ETFs under review by the SEC—XRP was just behind Bitcoin and Solana, with 23 each, and Ethereum had 16 filed, according to data from Bloomberg’s Balchunas.
If approved on schedule, Canary Capital’s XRP ETF could be another big marker in the growing convergence of digital assets and Wall Street investment products, which will keep reshaping institutional exposure to crypto.
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