PANews reported on October 31 that, according to crypto journalist Eleanor Terrett, Canary Capital has submitted an updated Form S-1 for its XRP spot ETF, removing the "delayed amendment clause" that prevented automatic registration and handing over control of the timeline to the U.S. SEC. Assuming Nasdaq approves the Form 8-A application, Canary's XRP ETF will officially launch on November 13. Note: Government reopening may affect the timeline; if the application materials are complete and the SEC is satisfied, the launch may be earlier; if staff raise further concerns, the launch may be delayed. However, it's worth noting that the SEC chairman himself appears to support companies utilizing the automatic listing mechanism. While not directly commenting on the ETF launch, Paul Satkins stated yesterday that he was pleased to see companies like MapLight using the 20-day statutory waiting period to list during the government shutdown, and praised Bitwise and Canary for using the same legal mechanism when launching their SOL, HBAR, and LTC ETFs this week.PANews reported on October 31 that, according to crypto journalist Eleanor Terrett, Canary Capital has submitted an updated Form S-1 for its XRP spot ETF, removing the "delayed amendment clause" that prevented automatic registration and handing over control of the timeline to the U.S. SEC. Assuming Nasdaq approves the Form 8-A application, Canary's XRP ETF will officially launch on November 13. Note: Government reopening may affect the timeline; if the application materials are complete and the SEC is satisfied, the launch may be earlier; if staff raise further concerns, the launch may be delayed. However, it's worth noting that the SEC chairman himself appears to support companies utilizing the automatic listing mechanism. While not directly commenting on the ETF launch, Paul Satkins stated yesterday that he was pleased to see companies like MapLight using the 20-day statutory waiting period to list during the government shutdown, and praised Bitwise and Canary for using the same legal mechanism when launching their SOL, HBAR, and LTC ETFs this week.

Copy linkX (Twitter)LinkedInFacebookEmail