XRP ETF Set to Launch in November: Canary Capital Unveils Plan

Canary Capital is poised to launch its XRP exchange-traded fund (ETF) on November 13th, following an update to its S-1 registration and removal of the SEC delay clause. The move signals a significant step for the cryptocurrency market. This new ETF filing, along with Nasdaq approval pending, removes previous limitations, allowing Canary Capital to proceed swiftly. Gemini Trust Company and BitGo Trust Company will handle XRP custody, ensuring established security protocols from previous Solana and Hedera ETFs.