Canary Funds’ Spot XRP ETF Set for Nov 13 Launch

Published: 2025-11-01 00:06:52 |

Canary Funds has removed a delaying amendment from its updated S-1 SEC filing to launch the first pure spot XRP ETF on November 13, 2025. The ETF’s inclusion in the DTCC database clears a critical share-settlement hurdle. Final approval now hinges on a Nasdaq Form 8-A filing, which generally follows SEC effectiveness within days. By using the 20-day statutory waiting period—a strategy recently employed by Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Hedera (HBAR) and Litecoin (LTC) spot ETFs—the new spot XRP ETF would offer regulated, stock-like access to XRP, potentially enhancing institutional participation, XRP liquidity and price support. Timeline risks remain if the SEC reactivates a detailed review or issues comments post-shutdown, though endorsements from SEC Chair Paul Atkins signal regulatory optimism.

Bullish

The approval and launch of a spot XRP ETF would likely drive increased institutional demand, improved liquidity and price support for XRP in both the short and long term. By offering regulated, stock-like access, the ETF may attract new investors and capital flows, repeating the bullish market response seen after spot ETF approvals for Bitcoin and Ethereum. Although potential SEC delays pose timeline risks, the overall effect on XRP’s market sentiment and trading volume is expected to be positive.