Nearly three weeks after Canary Capital amended their S-1 in regards to the Ripple ETF pitch, the first-ever XRP price-tracking ETF item is set to debut in a matter of days. The crypto asset manager followed suit after Litecoin (LTC) & Hedera Hashgraph (HBAR) ETF debuts last week, showing resilience against market downturn while BTC & ETH ETFs saw massive outflows.
Canary’s Power-play Puts Ripple ETF On The Map
Namely, Canary Capital finished off October by deleting the legal clause in regards to the U.S. Securities and Exchange Commission (SEC) deciding on when the ETF is launched. Known as the 21-day automatic approval loophole, this amendment comes under Section 8(a) of the Securities Act of 1933.
According to FOX Business Journalist Eleanor Terrett, sets the Ripple (XRP) ETF launch to November 13, 2025 regardless of SEC’s approval. However, if the SEC re-opens their services prior to this date, that could shuffle the cards for all 11 pending Ripple exchange-traded funds.
While the Ripple Spot market price-tracking ETF is likely to launch on November 13, 2025, it didn’t gain any explicit approval from the SEC yet. However, 5 of 11 XRP products have been now listed on the Depository Trust and Clearing Corporation (DTCC) under the “active” & “pre-launch” categories, which is typically a final step before the ETF activates on the markets.
The listed ETFs include Bitwise (XRP), Franklin Templeton (XRPZ), 21Shares (TOXR), Canary (XRPC) & CoinShares (XRPL). Namely, the tides have turned ultra bullish for altcoin ETF markets when the SEC went on to update their generic ETF listing standards, invoking unprecedented levels of legal clarity, favorable for institutional players to set up shop.
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People Also Ask:
An XRP ETF is like a simple stock you can buy that tracks the price of XRP, Ripple’s fast digital currency for global payments—without you needing to store or trade the crypto yourself.
Not fully, but five major filings (from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares) just listed on the DTCC today, signaling prep for launch and near-certain approval soon.
Mid-November looks hot—Canary’s could go live on November 13, with others following by November 19-20, thanks to a 20-day auto-approval window after recent SEC filings.
The U.S. shutdown paused reviews, but SEC restart cleared the backlog fast—XRP futures hit the required 6-month mark in late November, and no-delay filings mean automatic green lights if unchallenged.
Big win for newbies: Easier access for big investors could boost demand, with XRP’s price already up 12% today to $2.55—analysts eye $3+ short-term if ETFs trade smoothly this week.
