TechFlow news, October 31 — According to crypto journalist Eleanor Terrett, Canary Funds has submitted an updated S-1 filing for its XRP spot exchange-traded fund to the U.S. Securities and Exchange Commission (SEC), removing the "delay amendment" that previously prevented automatic effectiveness. This move strips the SEC of control over the timeline.
The action sets a potential launch date of November 13 for Canary's XRP ETF, pending Nasdaq's approval of its Form 8-A.
Notably, government reopening could affect the schedule. If the filing is complete and satisfactory to the SEC, the launch could occur earlier; if staff raises additional comments, it may be delayed.
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