TLDR
- Canary Capital has removed the SEC delay clause from its spot XRP ETF filing ahead of the November 13 launch date.
- The XRP ETF will trade under the ticker symbol XRPF on Nasdaq starting November 13.
- The fund provides investors with direct exposure to XRP’s spot price, eliminating the need for custody of the token itself.
- Canary Capital completed all compliance requirements, including custody arrangements and market maker partnerships.
- Market analyst ChartNerd revealed that XRP broke out of a 7-year symmetrical triangle pattern.
Canary Capital has removed the SEC delay clause from its spot XRP ETF filing. The fund will launch on November 13 after clearing regulatory requirements. This marks a major step for digital asset investment products in the United States.
Canary Capital Completes Final Steps for XRP ETF Approval
The elimination of the SEC clause removes the final regulatory barrier for the XRP ETF. Canary Capital has finished all compliance requirements for the fund launch. The company secured custody arrangements and market maker partnerships ahead of trading.
🚨SCOOP: @CanaryFunds has filed an updated S-1 for its $XRP spot ETF, removing the “delaying amendment” that stops a registration from going auto-effective and gives the @SECGov control over timing.
This sets Canary’s $XRP ETF up for a launch date of November 13, assuming the… pic.twitter.com/MKvEN23t5P
— Eleanor Terrett (@EleanorTerrett) October 30, 2025
The updated filing confirms the fund’s readiness for its November debut. Growing institutional demand for regulated crypto exposure drives this development. Bitcoin and Ethereum ETFs gained similar momentum earlier this year.
The fund provides investors with direct exposure to XRP’s spot price, eliminating the need for token custody. The XRP ETF will trade under the ticker symbol “XRPF” on the Nasdaq exchange. Trading begins on the same day as the official launch date.
Analysts expect the launch to significantly boost liquidity for XRP. Both retail and institutional investors will gain transparent access to digital assets. The fund could attract substantial capital inflows from traditional market participants.
Market analysts respond with measured optimism about the XRP ETF launch. Some forecasts suggest that the approval could have a similar positive impact to that of Bitcoin ETFs in 2025. The fund may drive renewed price action and capital flows.
However, sure experts warn that enthusiasm depends on volume performance. Broader regulatory sentiment surrounding crypto assets remains a factor. Short-term trading activity will likely determine initial success metrics.
Technical Analysis Shows XRP Breaking Multi-Year Pattern
Market analyst ChartNerd revealed XRP broke out of a 7-year symmetrical triangle. The asset has been accumulating above the $3.84 all-time high candle closes. This accumulation period lasted nearly 12 months above 2021 highs.
📣 $XRP broke out of a 7 year symmetrical triangle and has since been accumulating above the prior ATH candle closes & the prior highs from 2021 for nearly 12 months. Signalling significant strength and momentum. Tieing up with bullish developments and regulatory clarity = HIGHER pic.twitter.com/HurHJ77nTw
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 31, 2025
The XRP/TetherUS perpetual contract chart displays a classic falling wedge pattern. The pattern recently broke out to the upside on the chart. This signals a potential trend reversal for the cryptocurrency.
XRP currently trades around $2.5127 after a slight retracement from recent highs. The asset tested resistance near the order block zone around $2.80. Price action shows consolidation at current levels following the breakout.
The chart shows a measured move projection with three take-profit targets. The first target sits at approximately $2.6668 for the asset. The second target aligns with the current price level at $2.5127.
The third target appears near $2.4281 on the technical chart. These targets derive from Fibonacci retracement levels of recent price swings. The projection uses the swing high and low for calculation.
Canary Capital’s XRP ETF could open doors for future altcoin-based products. The fund deepens crypto’s integration into mainstream finance through regulated access. November 13 represents a milestone for XRP in traditional capital markets.
