Management company Canary Capital Group has filed an updated application for registration of its spot ETF on XRP, removing the delay amendment that previously prevented registration ETF automatically and therefore gave the SEC complete control over the timing of its launch.
According to journalist Eleanor Terrett, these changes will allow the launch of ETF as early as November 13, provided that Nasdaq completes its review of the required Form 8-A.
However, Terrett clarified that the timeline could change as the government reopens: the launch could happen sooner if the application is approved, or later if the Securities and Exchange Commission adds its comments.
Delays could also arise due to the US government shutdown, which is paralyzing government operations. However, experts expect that, immediately after full operations resume, the regulator will quickly make decisions on applications not only from Canary but also from other issuers.
Over the past week, the New York Stock Exchange and Nasdaq have listed several new ETF on digital assets, including Bitwise Solana ETF, Canary Capital Litecoin ETF, Canary HBAR ETF and Grayscale Solana ETF.