Canary XRP spot ETF latest application removes delay amendment clause, expected to be listed soon

ChainCatcher news, according to crypto journalist Eleanor Terrett, Canary Capital has submitted an updated S-1 form for its XRP spot ETF, removing the "delaying amendment clause" that prevented automatic registration effectiveness, and has handed over control of the timing to the US SEC.

Assuming Nasdaq approves the 8-A form application, Canary's XRP ETF will officially launch on November 13. Note: The reopening of the government may affect the schedule. If the application materials are complete and the US SEC is satisfied, the timeline may be moved up; if staff raise more comments, the timeline may be delayed. However, it is worth noting that the chairman of the US SEC himself also seems to support companies utilizing the automatic effectiveness mechanism. Although he did not directly comment on the launch of the ETF, Paul Atkins stated yesterday that he was pleased to see companies like MapLight use the 20-day statutory waiting period to go public during the government shutdown, and praised Bitwise and Canary for using the same legal mechanism this week to launch SOL, HBAR, and LTC ETFs.