🚀 XRP ETF Launch: November 13th or Just Another Space Oddity? 🌌

🚨 Key Takeaways (Because Who Has Time for the Whole Story?)

What’s this about a November 13th launch for Canary Capital’s XRP ETF? 🗓️

Well, they’ve yanked the “delaying amendment” from their S-1 filing, which is like removing the “Do Not Disturb” sign from your hotel room door. Launch party on the 13th? Maybe. 🥳

How’s the XRP ETF ecosystem doing? Is it thriving or just surviving? 🌱

Spoiler alert: It’s thriving. Teucrium and Rex-Osprey are throwing money around like it’s going out of style. 💸

The race to launch a spot Ripple [XRP] ETF has just taken a turn that’s as unexpected as finding a towel in a Douglas Adams novel. 🛠️

Canary Capital’s XRP ETF: One Small Step for Man, One Giant Leap for Crypto

Asset manager Canary Capital has quietly removed the “delaying amendment” from its S-1 registration. This is the bureaucratic equivalent of saying, “Hold my beer, I’ve got this.” 🍺 If all goes according to plan (ha!), the fund could launch on November 13th. Mark your calendars, or don’t-we’ll remind you. 📅

This move comes hot on the heels of a week where altcoin ETFs were popping up like mushrooms after a rainstorm. Solana [SOL], Litecoin [LTC], and Hedera [HBAR] all got their moment in the sun. ☀️

Journalist Eleanor Terrett was the first to spot this, because apparently she’s got SEC filings bookmarked like the rest of us have cat videos. 🐱 She noted:

“This sets Canary’s $XRP ETF up for a launch date of November 13, assuming the @Nasdaq greenlights the 8-A filing.”

But hold your horses, or in this case, your XRP. There’s always a catch. 🦵

Could This Still Go Off the Rails? 🚂

Of course! The SEC could decide to take a nap, wake up grumpy, and delay things. Or they might just say, “You know what? Let’s do this.” It’s a coin toss, really. 🪙

Adding to the drama is the recent reopening of the U.S. government. If Canary’s filing is as clean as a whistle, the ETF could go live sooner. But if the regulators decide they need more paperwork, well, grab some popcorn. 🍿

SEC Commissioner Paul S. Atkins seems chill with the auto-effective pathway, which is the legal loophole that let Solana, Hedera, and Litecoin ETFs slip through. He didn’t mention XRP specifically, but he did give a thumbs up to companies using the 20-day waiting period. 👍

The “delaying amendment” is like the bouncer at the club, deciding when you get in. By removing it, Canary is saying, “We’re going in whether you like it or not.” Unless the SEC steps in, of course. 🤷‍♂️

So, November 13th is looking like a go, assuming Nasdaq doesn’t decide to take a nap too. 🛏️

Other XRP ETF News (Because One Update Is Never Enough)

Even before the U.S. gives the official nod, the XRP ETF ecosystem is buzzing like a beehive on espresso. 🐝☕

According to The Block, several XRP-linked ETFs are already trading, including the Teucrium 2x Long Daily XRP ETF, Volatility Shares XRP ETF, and the Rex-Osprey XRP ETF. These aren’t just sitting around-they’re raking in cash. 💰

The Rex-Osprey XRP ETF, launched in September, has already hit $114.6 million in assets under management. Meanwhile, Teucrium’s leveraged XRP product has been on a tear, piling up over $384.4 million since April. 🚀

But wait, there’s more! A whole slew of proposed products are still in the pipeline, from Grayscale to 21Shares. It’s like a crypto buffet, and everyone’s hungry. 🍽️

If Canary’s filing goes through on time, it’ll be the first spot XRP ETF in the U.S. History in the making, or just another Tuesday in crypto. 🌍

Bloomberg’s James Seyffart called the recent revisions a “good sign,” probably because he’s seen worse. He said:

“Almost certainly due to feedback from the SEC. Good sign, but also mostly expected.”

So there you have it. November 13th: the day the XRP ETF might launch, or just another day to check your crypto portfolio and sigh. 🗓️💨

2025-10-31 14:32