Canary has filed an amendment to its S-1 registration for the XRP ETF, removing specific provisions that had previously inhibited the automatic effectiveness of the registration. This change is significant as it adjusts the regulatory framework surrounding the ETF’s approval process. By eliminating these provisions, Canary aims to streamline the registration procedure, potentially facilitating a smoother path to market entry. The amendment reflects a strategic move to align with evolving regulatory expectations in the financial sector and signals Canary’s commitment to advancing its XRP ETF initiative.
