• CoinGape Newsletter
  • Posts
  • Canary Capital Updates S-1, Paving Way for XRP ETF Approval on November 13

Canary Capital Updates S-1, Paving Way for XRP ETF Approval on November 13

Crypto Moves Faster. Stay Ahead With Bold Insights, Every Day.

Author

CoinGape Newsletter
October 31, 2025

Sam Bankman-Fried (SBF) team on Friday revealed an estimated $136 billion in petition-date holdings of beleaguered crypto exchange FTX. They claim “FTX was never bankrupt, even when its lawyers placed it into bankruptcy.”

Asset manager Canary Capital has submitted an updated S-1 filing to bring its spot XRP ETF to the market by November 13. The updated filing makes an important change by removing the “delaying amendment,” which stops the registration from going auto-effective.

Sei price slipped despite recent optimism around its Robinhood debut, falling 4% in the past 24 hours. The token initially rallied 15% over the week leading up to the listing, but plunged 7% post-launch.

The broader cryptocurrency market experienced the same pressure, dropping by 1.76% on October 31. The pressure was put on the market after the Federal Reserve representatives mentioned a possible delay in rate cuts because of the still-existing inflation worries. The announcement brought about a sudden liquidation of $640 million, causing the markets to go down.

The XRP price continues to attract significant attention as excitement builds ahead of the long-awaited ETF launch. While the market remains cautious, XRP has maintained structural integrity inside a broad descending channel. Its latest rebound from the $2.2 zone hints at a potential trend reversal, especially as investors position themselves for the anticipated ETF rollout on November 13.