Canary Capital's XRP Spot ETF could be the next cryptocurrency fund to hit Wall Street, according to Crypto In America, after the firm filed a revised S-1 filing last Friday. The filing was quietly amended on October 24 to remove a "deferred amendment" that gave the Securities Exchange Commission (SEC) a decision on the effective date of registration, clearing the way for a potential listing on November 13, provided Nasdaq approves the key Form 8-A required for its listing.
The move follows the legal mechanism used by Bitwise and Canary when they launched the Solana, Hedera and Litecoin ETFs this week, taking advantage of the 20-day statutory waiting period under Section 8 (a) of the Securities Act of 1933, which states that a registration statement will take effect 20 days after filing unless the Securities Exchange Commission (SEC) declares an early effective date. SEC Chairperson Paul Atkins expressed support for the approach and praised MapLight for taking advantage of the auto-effective listing during the government shutdown.
Fidelity, VanEck and Canary all updated their Solana ETF registrations this week, removing the delayed amendments and aiming to launch products once they are approved by exchanges in mid-November. Canary's XRP ETF, if scheduled for November 13, would give it a head start over other issuers that have filed XRP ETF applications, including Bitwise, Franklin Templeton, 21Shares and Grayscale, none of which have yet to update their filings.
Analysis: Canary Capital's XRP Spot ETF may list on November 13
2025-10-31 12:32:13
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