Canary Capital Targets Nov. 13 for Spot XRP ETF Launch
Canary Capital updated its S-1 filing by removing the delaying amendment, triggering the 20-day auto-effective window under the Securities Act of 1933. If the SEC raises no further comments and Nasdaq approves its Form 8-A, the fund could launch as a spot XRP ETF on November 13. However, final SEC review and potential amendment requests still pose timing risks.
Meanwhile, existing XRP ETF products from Teucrium, Volatility Shares, Rex-Osprey, ProShares and Purpose have drawn significant investor inflows. Teucrium’s leveraged XRP product leads with over $384 million, and Rex-Osprey holds $114.6 million. These figures underscore strong market demand ahead of the new ETF launch.
Traders should watch SEC feedback, Nasdaq approval and asset movement for trading opportunities in the XRP ETF sector.
Bullish
The removal of the delaying amendment and the activation of the auto-effective period signal that the spot XRP ETF launch is imminent, reinforcing positive sentiment around XRP. Strong inflows into existing XRP ETF products demonstrate robust market demand and investor confidence. In the short term, anticipation of the ETF could drive buying pressure on XRP. Over the long term, SEC approval and Nasdaq listing would likely enhance XRP’s liquidity and adoption, supporting sustained price appreciation, despite residual regulatory risks.