A significant milestone has been reached in the potential launch of an XRP-based exchange-traded fund (ETF) as Canary Capital Group LLC filed with the SEC for a November 2025 launch. The filing removes previous delay clauses and follows the removal of barriers previously hindering progress on the application. This move could significantly boost institutional interest in XRP, mirroring the impact seen with Bitcoin and Ethereum ETFs, pending regulatory approval. The Canary XRP ETF, if approved, could see substantial inflows exceeding $8 billion into traditional markets. While community speculation is high, no direct statements from Canary’s leadership have been released this week regarding the SEC amendments. 7th-party data reveals a lack of immediate evidence on XRP’s market movement or liquidity changes. However, historical trends suggest positive impacts if approved. The industry expects significant market participation and liquidity improvements if the ETF receives regulatory approval. The SEC has set precedents with Bitcoin and Ethereum ETFs, so similar scenarios could unfold. While community reactions remain largely speculative, insights into the potential implications of this ETF are available. Please note that cryptocurrency investments carry inherent risks; consult a qualified financial advisor before making any investment decisions.