Canary Capital has filed an updated S-1 registration statement for its proposed spot XRP Exchange Traded Fund (ETF). This updated filing notably removes the "delaying amendment," a procedural step that typically extends the review period for such applications. The removal of this amendment suggests that the U.S. Securities and Exchange Commission (SEC) may proceed with an expedited review process.
The removal of the delaying amendment is a significant development, as it opens the door for the ETF to potentially receive automatic approval. Industry observers are pointing to November 13th as a key date, as this is the deadline by which the SEC is expected to make a decision if the application proceeds without further delays. This move by Canary Capital signals a proactive approach to navigating the regulatory landscape for digital asset ETFs.