Canary Capital’s XRP Spot ETF Nears Launch with Automatic Approval

Canary Capital has taken a significant step towards bringing another digital asset ETF to U.S. markets, filing an updated S-1 registration statement for its XRP spot exchange-traded fund (ETF). This action removes the previously required ‘delaying amendment’ from the SEC, enabling automatic effectiveness after a 20-day period. This could potentially lead to a November 13th launch date pending Nasdaq’s approval of a related Form 8-A filing which would allow for trading.