As October ends with out an SEC choice on the pending XRP ETF purposes, a brand new potential launch timeline for the merchandise is now on the horizon.
For context, the ultimate choice deadlines for the XRP ETF purposes submitted by Grayscale, 21Shares, Bitwise, and Canary Capital had been scheduled for October 18, 19, 22, and 23, respectively.
Accordingly, XRP neighborhood members entered October with excessive expectations for the launch of a number of spot XRP ETFs. Nevertheless, their optimism was quickly dampened because the U.S. authorities commenced a chronic shutdown, delaying the SEC’s approval course of.
Authorities Shutdown Delays SEC Determination on XRP ETFs
Because of the shutdown, the SEC considerably decreased its operational capability. It retained solely important workers accountable for dealing with inquiries and addressing fraud and market manipulation.
Notably, the Division of Company Finance, which is tasked with approving new funding merchandise such because the XRP ETF, was amongst these impacted. This resulted in additional delays to the XRP ETF launch.
As October involves a detailed, a brand new timeline for the launch of XRP ETFs has emerged.
Subsequent Timeline for XRP ETF Launch
Based on Eleanor Terrett, host of Crypto in America, Canary Capital not too long ago filed an up to date S-1 registration assertion with the SEC for its spot XRP ETF.
Within the up to date submitting, Canary eliminated the “delaying modification” clause from its XRP ETF software. Notably, this clause usually provides the SEC management over when a product can grow to be efficient.
Following the replace, Canary’s XRP ETF is now set to robotically take impact 20 days after its submitting, making November 13 the potential launch date. Nevertheless, the launch depends on Nasdaq approving Canary’s accompanying Kind 8-A submitting, which lists the ETF shares for buying and selling.
🚨SCOOP: @CanaryFunds has filed an up to date S-1 for its $XRP spot ETF, eradicating the “delaying modification” that stops a registration from going auto-effective and offers the @SECGov management over timing.
This units Canary’s $XRP ETF up for a launch date of November 13, assuming the… pic.twitter.com/MKvEN23t5P
— Eleanor Terrett (@EleanorTerrett) October 30, 2025
Within the meantime, Terrett advised that the timeline might change if the federal government reopens and the SEC workers proposes extra feedback.
Notably, Canary and Bitwise leveraged the modification to launch spot ETFs individually tied to Litecoin, Solana, and Hedera earlier this week.
In the meantime, Terrett famous that SEC Chair Paul Atkins not too long ago signaled his assist for corporations utilizing the 20-day auto-effective mechanism to roll out new merchandise or go public.
As Canary strikes to leverage the auto-effective mechanism to launch its XRP ETF, different potential issuers, together with Bitwise, 21Shares, CoinShares, Grayscale, and WisdomTree, could observe swimsuit in a bid to carry their respective spot XRP ETFs to market by November.
Professional Stays Skeptical
Notably, Bloomberg ETF analyst Eric Balchunas identified that XRP ETF issuers haven’t engaged in the identical stage of dialogue with the SEC as Solana ETF issuers did. Based on him, that engagement gave Solana ETF issuers the arrogance that their merchandise had been prepared for launch.
Whereas Balchunas stays skeptical about whether or not the XRP ETFs are absolutely ready to go reside, he acknowledged that Canary’s choice to pursue the auto-effective route is price attempting.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article could embody the creator’s private opinions and don’t mirror The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental shouldn’t be accountable for any monetary losses.
