Canary Capital’s XRP ETF Could Launch in the US as Early as November 13
The race for the first US-based XRP exchange-traded fund has taken a decisive step forward. Canary Capital has submitted key regulatory filings to the Securities and Exchange Commission (SEC), signaling that a launch could be imminent—potentially as early as November 13.
SEC Filing Suggests Imminent Listing
According to Bloomberg ETF analyst Eric Balchunas, Canary Capital filed Form 8-A with the SEC, a required step for listing securities on a national exchange. This filing typically precedes a fund’s market debut and is often viewed as the final administrative milestone before trading can begin.
While several XRP-related exchange-traded products have appeared in the US over the years, none have offered direct exposure. Instead, previous products were structured through offshore entities that held XRP indirectly. Canary’s approach is fundamentally different.
A First for the US: Direct XRP Exposure Under the 1933 Securities Act
The significance of Canary’s filing lies in its regulatory framework. The firm submitted its ETF under the Securities Act of 1933, enabling the fund to hold XRP directly. This positions the product closer to spot Bitcoin ETFs than to trust-based or synthetic crypto instruments.
If approved, the ETF would hold XRP itself rather than shares in an external company managing reserves offshore. For investors, this structure offers clearer transparency, reduced jurisdictional risk, and a more conventional investment vehicle aligned with existing securities regulations.
Why This Matters for Crypto Markets
An XRP ETF with direct backing would mark a milestone for the broader digital-asset sector. It would signal further regulatory normalization of crypto exposure within traditional markets and provide institutional investors with an easier avenue to allocate capital to the XRP ecosystem.
Analysts expect that if Canary receives SEC approval, other asset managers could quickly follow with their own XRP ETF proposals, accelerating competition across crypto-linked funds.
What Happens Next
With Form 8-A submitted, the next steps involve final exchange approval and confirmation from the SEC. ETF launches often follow days after this filing, but timelines can vary depending on regulatory review and market conditions.
If the November 13 target materializes, the US could see its first fully compliant XRP ETF before the end of the year—an outcome that would mark a turning point for Ripple’s asset and for crypto ETFs more broadly.
Conclusion
Canary Capital’s filing represents the strongest move yet toward bringing a spot-style XRP fund to American markets. While approval is not guaranteed, the regulatory pathway chosen by the company provides a promising blueprint for future crypto ETFs seeking direct exposure under established US securities law.
Editorial Team — CoinBotLab