What to Know:
- Canary Capital updated its spot XRP ETF S-1 filing, removing a key amendment that could expedite its launch.
- The updated filing suggests a potential launch date of November 13, pending SEC approval and Nasdaq’s 8-A filing.
- Industry experts anticipate strong demand for a spot XRP ETF, with predictions of it becoming a billion-dollar fund quickly.
The potential launch of a spot XRP ETF is gaining momentum as regulatory pathways appear to be clearing. Canary Capital recently updated its S-1 filing with the SEC, signaling a move towards launching its XRP ETF. This development has stirred excitement within the XRP community, with expectations of significant market activity.
Canary Capital’s revised filing omits the “delaying amendment,” granting the SEC control over the ETF’s activation timing. Removing this amendment suggests Canary is prepared for launch and anticipates no further regulatory hurdles. The updated application sets a potential launch date of November 13, contingent on SEC approval and Nasdaq’s 8-A filing.
ð¨SCOOP: @CanaryFunds has filed an updated S-1 for its $XRP spot ETF, removing the âdelaying amendmentâ that stops a registration from going auto-effective and gives the @SECGov control over timing.
This sets Canaryâs $XRP ETF up for a launch date of November 13, assuming the⦠pic.twitter.com/MKvEN23t5P
— Eleanor Terrett (@EleanorTerrett) October 30, 2025
Industry observers, like Bitwise’s CIO Matt Hougan, foresee substantial demand for a spot XRP ETF. Hougan predicts the XRP Army will “smash-buy the ETF,” potentially driving it to a billion-dollar fund within months. Polymarket odds are nearly 100% for such a launch this year.
XRP has demonstrated positive price action recently, maintaining its position near $2.50 despite market corrections. Analyst CW notes that XRP faces two major selling walls before potentially reaching the $3 mark. Overcoming these resistance levels could pave the way for further price appreciation.
In the short term, $XRP has two selling walls.
If it breaks through these, there are no specific selling walls until $3. pic.twitter.com/d11MVEkySd
— CW (@CW8900) October 31, 2025
The potential launch of a spot XRP ETF represents a significant step for XRP and the broader crypto market. As regulatory landscapes evolve and institutional interest grows, such financial products may become increasingly common, offering investors new avenues for exposure to digital assets like XRP.
Source: Original article
