Citing Coinpedia, Canary Funds has filed an updated S-1 for its XRP spot ETF, removing a delaying amendment that previously stalled the registration. This change shifts control of the timing from the SEC to the issuer, with a potential launch date set for November 13, 2025, pending Nasdaq approval of the 8-A filing. The update positions the XRP ETF to become the first of its kind, offering investors direct exposure to XRP on a regulated exchange. The filing now falls under Section 8(a) of the Securities Act of 1933, allowing it to automatically become effective after a 20-day waiting period unless the SEC objects. Analysts and legal experts have noted the significance of the move, though final approval remains subject to regulatory processes and government operations.
Canary Funds' XRP ETF Filing Update Paves Way for November 13 Launch
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