Canary Funds Aims for November 13 Launch of First US Spot XRP ETF

Canary Funds is poised to launch its XRP-focused exchange-traded fund (ETF) on November 13th, bypassing traditional SEC review timelines. The firm removed a delaying amendment from its registration documents, allowing the fund to become effective automatically after a 20-day wait period unless regulators intervene. This follows a similar strategy used for Solana, Hedera, and Litecoin spot ETFs during the recent federal government shutdown, exploiting a statutory window with limited regulatory review.