- Canary Capital updates XRP ETF application for November launch.
- Aims for November 13 listing on Nasdaq.
- SEC’s response pivotal to ETF’s market debut.
Canary Capital has updated its XRP ETF application, aiming for a November 13, 2025 launch on Nasdaq, pending approval from the SEC.
This move positions Canary Capital favorably in the competitive crypto ETF market, potentially influencing XRP trading dynamics.
Canary Capital has updated its XRP ETF application by removing the “delaying amendment” from its S-1 filing. This strategic step purports a November 13, 2025 launch, contingent on SEC and Nasdaq’s approval on critical regulatory forms.
The move involves Canary Capital as the issuer, setting plans to list the ETF on Nasdaq. SEC Chair Paul Atkins generally supports the chosen filing strategy during regulatory disruptions but did not comment on this specific case.
The market impact could be significant for XRP, especially if the ETF receives approval. Past launches of similar ETFs, such as for Solana and Litecoin, led to trading spikes in those underlying assets, suggesting potential growth for XRP.
Financial implications include potential increased investment flows into XRP, driving its market liquidity. Institutional involvement might rise as a result of increased visibility and market acceptance, pending the ETF’s approval and launch.
The regulatory environment is influenced by ongoing governmental operations, which may affect the launch timeline. The decision to use a statutory waiting period reflects strategic legal compliance by Canary Capital amid these conditions.
Historical trends indicate that ETFs like those for SOL, HBAR, and LTC influenced market activity positively. If approved, XRP might follow a similar trajectory, potentially bolstering its market position and attracting broader institutional interest.
