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JUST IN: Canary Capital has filed for an updated S-1 for $XRP spot ETF. #crypto#

On October 31, news broke that according to encryption journalist Eleanor Terrett, Canary Capital has submitted an updated S-1 form for its XRP Spot ETF, removing the "latency amendment clause" that prevents the automatic effectiveness of the registration, and has handed over the control of the schedule to the SEC. Assuming that Nasdaq approves the 8-A form application, Canary's XRP ETF will officially be issued on November 13. Note: The government's return to work may affect the schedule; if the application materials are complete and the SEC is satisfied, the timeline may be moved forward; if staff provide more comments, the timeline may be delayed. However, it is worth noting that the SEC chairman himself seems to support companies using 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.