Canary Funds has taken a significant step towards launching the first U.S.-listed spot XRP exchange-traded fund (ETF), with an official filing that removes regulatory hurdles for immediate implementation. The asset manager filed an updated registration statement (S-1) with the Securities and Exchange Commission (SEC), removing a clause previously adding delays to its proposed ETF launch timeline. This move is based on Section 8(a) of the Securities Act, allowing automatic activation upon 20 days unless intervened by the SEC. As a result, Canary’s XRP ETF has a potential launch date of November 13th, pending approval from Nasdaq for its Form 8-A filing enabling share trading.