Ripple News: SEC Delay Removed, XRP ETF Could Go Live by November 13
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The post Ripple News: SEC Delay Removed, XRP ETF Could Go Live by November 13 appeared first on Coinpedia Fintech News Canary Funds has officially filed an updated S-1 for its XRP spot ETF, removing the delaying amendment that previously stopped the registration from becoming auto-effective. This move transfers the timing control from the U.S. Securities and Exchange Commission (SEC) back to the issuer, putting the launch date on track for November 13, 2025, pending Nasdaq approval of the 8-A filing. The filing update means that Canary is ready to bring XRP exposure to traditional markets, following the recent debut of the first Solana, Hedera, and Litecoin spot ETFs earlier this week. The XRP ETF, if approved, would be the first of its kind to give investors direct access to the price performance of XRP through a regulated exchange-traded product. How the Auto-Effective Rule Helps As reported by Eleanor Terrett, by removing the delaying amendment, Canary’s filing now falls under Section 8(a) of the Securities Act of 1933. This section allows the registration to automatically become effective after a 20-day statutory waiting period, unless the SEC objects.. SEC Chair Paul S. Atkins recently said he was pleased to see companies taking advantage of this long-standing legal route, noting that it helps maintain market efficiency during times of limited government function. His comments, while not directly addressing the XRP ETF, were seen as an indirect endorsement of the method Canary and other issuers are using. Industry Reactions Bloomberg ETF analyst Eric Balchunas described the update as “interesting,” explaining that the XRP ETF documents did not have the same level of back-and-forth with the SEC as Solana’s filing did. He added that while that might make approval less certain, it was still “worth a try.” Crypto attorney Bill Morgan also shared excitement,…
