Countdown to XRP ETF Approval as Canary Clears SEC Hurdle

XRP ETF Approval Sparks Excitement After Canary’s SEC Filing Update

Could the wait for an XRP ETF approval finally be ending? Canary Funds has just made a big move that could make it possible. 

The company filed an updated S-1 form for its spot XRP ETF, removing the “delaying amendment” that usually gives the SEC control over when an ETF can go live. This change means the exchange traded fund can automatically become effective after a 20-day waiting period.

Source: X (formerly Twitter) 

If all goes well and Nasdaq approves the next filing, it could launch as early as November 13, 2025. That’s great news for investors who are watching closely, regulated ways to invest in the altcoin without directly buying the token.

Canary Funds, known for launching ETFs tied to emerging digital assets, has been one of the most active issuers in the crypto investment vehicle race.”

Canary Takes the Last Step Toward Launch

By removing the delaying amendment, Canary has basically cleared the final hurdle in front of the XRP ETF approval. This step means the SEC can no longer delay the process, and it can go live once the automatic timeline ends.

Interestingly, SEC Chair Paul Atkins has even shown support for companies using this same method. While he didn’t directly mention this altcoin, he praised firms like MapLight for using this rule to move forward during the government shutdown. The same approach helped Bitwise and Canary successfully launch ETFs for Solana (SOL), Hedera (HBAR), and Litecoin (LTC) earlier this week. 

REX-Osprey XRPR Crosses $100 Million

The excitement for altcoin ETFs among investors is already clear. From its launch date of September 18, 2025, the REX-Osprey XRP ETF (XRPR) has attained $100 million in AUM in just one month.

This is the first U.S. spot XRP ETF, which will make for an easy, regulated way to track the price of the altcoin. It invests most of its assets directly in XRP-related assets, offering a safer alternative for investors who do not wish to hold the crypto themselves.

This reflects the high demand for regulated crypto investment options in the United States.

XRP ETF Approval to Flip Market Dynamics

Other big players, like WisdomTree and CoinShares, have filed for their own spot XRP ETFs, but delays related to the US government shutdown 2025 have slowed their approvals.

For now, is the only available Exchange Traded Fund in the U.S., which has helped it attract a lot of attention from both retail and institutional investors.

Compared to Brazil’s Hashdex XRPH11 fund, which has raised about $52 million, the U.S. market clearly shows stronger demand for regulated crypto exposure. The progress of the new crypto investment product and Canary’s upcoming funds could finally bring this cryptocurrency into the same spotlight as Bitcoin and Ethereum in the ETF space.

Institutions Show Growing Confidence

Big investors are also getting involved. CME Group has added new options and futures trading for this cryptocurrency, and trading volumes have now passed $26.9 billion. Another firm, Evernorth, even plans to hold this altcoin as part of its reserves and might go public on Nasdaq.

Source: CoinMarketCap

Right now, XRP price is at $2.48, down by 3.19% more than the broader crypto market decrease. Post this event the prices could rebound again. 

Final Thoughts

With Canary removing the last SEC obstacle, the long-expected XRP ETF approval seems now just around the corner. 

Success for the XRPR fund confirms that investors want safe, regulated access to the token. If things go according to plan, November 13 may prove to be a historic date for crypto ETFs in the United States.

Market analysts expect the approval of the exchange traded fund could unlock much more crypto-based investments onto the market and bridge the gap between the digital assets industry and that of Wall Street.

Disclaimer: This article is for informational purposes and should not be considered investment advice, kindly do your own research before investing.