November 13 could mark a turning point for XRP investors as Canary Funds’ proposed spot XRP exchange-traded fund edges closer to automatic approval, according to Paul Barron. The host of The Paul Barron Network (PBN) noted that the fund manager’s updated S-1 filing with the U.S. Securities and Exchange Commission (SEC) removed a key procedural barrier, indicating that the ETF could go live automatically within days.
🔥UPDATE: November 13 could be the most important date for $XRP holders in years.@CanaryFunds just cleared the path for the first U.S. spot $XRP ETF
Why this matters economically:
🎯Institutional access: Bitwise's CIO predicts XRP ETFs could become billion-dollar funds in…
— PaulBarron (@paulbarron) October 31, 2025
Countdown to November 13
Meanwhile, Canary Funds recently amended its registration statement by eliminating the “delaying amendment,” a clause that allows issuers to indefinitely postpone SEC effectiveness. Without it, the filing becomes automatically effective after 20 days, ending on November 13.
If Nasdaq approves Canary’s accompanying Form 8-A, the ETF’s shares could start trading soon after. The product has already been listed by the Depository Trust & Clearing Corporation (DTCC), indicating operational readiness.
Once effective, the Canary XRP ETF would become the first traditional spot XRP ETF in the United States, offering direct exposure to XRP’s market performance. The launch would follow years of regulatory uncertainty surrounding Ripple’s token and could pave the way for significant institutional participation.
Institutional Demand for XRP Builds
Meanwhile, analysts expect strong inflows if the ETF goes live. Bitwise CIO Matt Hougan has suggested XRP ETFs could attract billions of dollars within months, driven by institutional appetite for diversified crypto exposure.
Similarly, ETF analyst Nate Geraci noted that the success of Bitwise’s Solana Staking ETF, launched in October, shows strong market demand for alternative digital-asset funds. The REX Osprey XRP ETF (XRPR), structured differently under the 1940 Act, has already surpassed $100 million in assets under management.
Several major firms, including Franklin Templeton and Bitwise, have filed their own XRP ETF proposals. XRP’s price history shows that regulatory clarity drives investor optimism. The token jumped roughly 10% earlier this year after the SEC dropped its long-running case against Ripple.
Ripple’s native token, XRP, slipped 1.02% over the past 24 hours to trade at $2.48, retreating from a daily high of $2.55. Trading activity also eased, with 24-hour volume falling 34% to about $3.57 billion.
Evans Kelvin
Brenda Kanana
