Canary Capital is nearing a crucial milestone with its XRP spot ETF application. The company has removed the previously hindering ‘delayed amendment clause’ from its S-1 filing, granting the U.S. Securities and Exchange Commission (SEC) control over scheduling. If Nasdaq approves the 8-A form application, Canary’s XRP ETF is projected to launch on November 13th. However, a potential delay could occur if government offices reopen, impacting this timeline. An earlier launch might be possible if the SEC finds the application sufficient and provides no further feedback. Notably, SEC Chairman Jerome Powell has voiced support for automatic effectiveness mechanisms, previously approving companies like MapLight for their 20-day wait during government shutdowns. He also commended Bitwise and Canary for using similar methods in launching SOL, HBAR, and LTC ETFs this week.