XRP Spot ETF Set for November Launch After SEC Clause Removal
- Canary Capital removes delay clause, XRP ETF nearing auto-effect.
- Nasdaq approval expected for November 13.
- Increased liquidity and institutional interest in digital assets.
Canary Capital’s XRP spot ETF is set to launch on November 13, 2025, after removing the SEC delaying amendment, with plans for listing on Nasdaq, pending approval.
The ETF’s impending launch could enhance XRP’s liquidity and access in the U.S. digital asset market, mirroring trends seen in recent Bitcoin and Ethereum ETFs.
The Canary Capital XRP spot ETF is on track for a November 13, 2025 launch. The removal of the SEC “delaying amendment” paves the way for an automatic effective date, subject to Nasdaq’s approval.
Canary Capital has spearheaded this development by updating the S-1 filing, while Eleanor Terrett highlighted the implications on Twitter. The ETF involves custody partners like Gemini Trust Company and BitGo Trust Company.
Institutional involvement is expected to grow, evidenced by Evernorth’s recent $1 billion XRP purchase. Liquidity forecasts suggest a spike akin to prior Bitcoin and Ethereum ETF launches, drawing both retail and institutional inflows.
Financial implications include increased XRP liquidity, offering direct spot exposure under the XRPF ticker on Nasdaq. The regulatory shift caught the attention of market analysts like Eric Balchunas, who termed the move as ‘bold’.
Recent Xanadu ETF filings indicate a regulatory trend towards more automated documentation processes. This is further supported by SEC Chair Paul Atkins, advocating auto-effective mechanisms, hinting at potentially reduced oversight on similar product launches.
Prospective outcomes include greater market access for digital assets, with potential regulatory shifts fostering innovation in cryptocurrency ETFs. Historical trends suggest this could trigger significant price movements in affected assets over time.
Eleanor Terrett, Host, Crypto in America, FOX Business, “Canary Funds has filed an updated S-1 for its $XRP spot ETF, removing the ‘delaying amendment.’ …This sets Canary’s $XRP ETF up for a launch date of November 13, assuming the Nasdaq approves…”
