Summary
- Asset manager Canary said it submitted an amended S-1 for an XRP (XRP) spot ETF to the U.S. SEC.
- It said that if Form 8-A approval is completed, a Nasdaq listing on November 13 is possible.
- It warned that variables such as a U.S. government shutdown and the SEC's request for additional comments could delay the listing schedule.
Asset manager Canary submitted an amended S-1 (registration statement) for an XRP (XRP) spot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). Accordingly, there is a possibility the ETF could be listed on Nasdaq (Nasdaq) on November 13.
On the 30th (local time), Crypto in America host Eleanor Terrett wrote on X (formerly Twitter), "Canary has filed an amended S-1 for an XRP spot ETF," and "If Nasdaq completes approval of the Form 8-A filing, the listing could occur on November 13."
However, he added, "There is also a possibility the listing schedule could be delayed due to variables such as a U.S. government shutdown or the SEC's request for additional comments."
Market participants see whether Canary's XRP spot ETF is approved as having a significant impact on the expansion of the XRP ecosystem and on the diversification of the virtual asset (cryptocurrency) ETF market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
