Canary XRP spot ETF's latest application document removes the delay amendment clause, expected to be listed on November 13

ChainCatcher news, according to crypto journalist Eleanor Terrett, Canary Capital has submitted an updated S-1 form for its XRP spot ETF, removing the "delay amendment clause" that prevents the registration from becoming automatically effective, and has handed over control of the timeline to the U.S. SEC.

Assuming Nasdaq approves the 8-A form application, Canary's XRP ETF will officially launch on November 13. Note: The government's reopening may affect the timeline; if the application materials are complete and the U.S. SEC is satisfied, the timeline may be moved up; if staff raise more concerns, the timeline may be delayed. However, it is worth noting that the U.S. SEC Chairman himself seems to support companies utilizing the automatic effectiveness mechanism. Although he did not directly comment on the launch of the ETF, Paul Atkins stated yesterday that he was pleased to see companies like MapLight utilizing the 20-day statutory waiting period to go public during the government shutdown, and praised Bitwise and Canary for using the same legal mechanism when launching SOL, HBAR, and LTC ETFs this week.