Canary Funds has filed an updated S-1 for its $XRP spot ETF, removing the "delaying amendment" that allows the SEC to control the timing of the registration. This move sets the stage for a potential launch on November 13, pending Nasdaq's approval of the 8-A filing. The recent government reopening could influence the timeline, either accelerating it if the SEC is satisfied or delaying it if further comments are needed. SEC Chair has shown support for companies utilizing the auto-effective method, which has been used by Bitwise and Canary to launch their $SOL, $HBAR, and $LTC ETFs. SEC's Paul Atkins praised the use of the 20-day statutory waiting period during the shutdown, highlighting its effectiveness in facilitating public offerings.